Scandinavia: Ammonium Nitrate Market 2025

Ammonium Nitrate Market Size in Scandinavia

In 2021, the Scandinavia ammonium nitrate market decreased by -41.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Ammonium Nitrate Production in Scandinavia

In value terms, ammonium nitrate production expanded remarkably to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Ammonium Nitrate Exports

Exports in Scandinavia

In 2021, the amount of ammonium nitrate exported in Scandinavia skyrocketed to X tons, rising by 49% compared with 2020. Over the period under review, exports, however, saw a slight descent. The most prominent rate of growth was recorded in 2020 when exports increased by 158% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ammonium nitrate exports surged to $X in 2021. In general, exports, however, continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 106%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden prevails in exports structure, resulting at X tons, which was approx. 95% of total exports in 2021. The following exporters - Denmark (X tons) and Finland (X tons) - each reached a 3.7% share of total exports.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of ammonium nitrate. Denmark (-18.9%) and Finland (-19.2%) illustrated a downward trend over the same period. Sweden (+17 p.p.) significantly strengthened its position in terms of the total exports, while Finland and Denmark saw its share reduced by -7.9% and -10% from 2012 to 2021, respectively.

In value terms, Sweden ($X) remains the largest ammonium nitrate supplier in Scandinavia, comprising 96% of total exports. The second position in the ranking was held by Finland ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Sweden amounted to -1.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-20.5% per year) and Denmark (-21.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, rising by 28% against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (-1.6%), while the other leaders experienced a decline in the export price figures.

Ammonium Nitrate Imports

Imports in Scandinavia

In 2021, approx. X tons of ammonium nitrate were imported in Scandinavia; shrinking by -5.4% on 2020. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports skyrocketed to $X in 2021. Overall, imports continue to indicate a deep downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X tons), Norway (X tons) and Finland (X tons) was the key importer of ammonium nitrate in Scandinavia, creating 84% of total import. It was distantly followed by Denmark (X tons), mixing up a 15% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +4.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Norway ($X), Sweden ($X) and Finland ($X) were the countries with the highest levels of imports in 2021, with a combined 93% share of total imports.

Finland, with a CAGR of +1.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, surging by 26% against the previous year. Over the period under review, the import price, however, recorded a slight shrinkage. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform