Scandinavia: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Scandinavia

The Scandinavia phosphatic fertilizer market contracted slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption posted a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Phosphatic Fertilizer Production in Scandinavia

In value terms, phosphatic fertilizer production dropped modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a dramatic curtailment. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in Scandinavia

In 2022, exports of phosphatic fertilizers in Scandinavia declined notably to X tons, falling by X% compared with the year before. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, phosphatic fertilizer exports shrank dramatically to $X in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Sweden dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Norway (X tons), creating a X% share of total exports.

Sweden was also the fastest-growing in terms of the phosphatic fertilizers exports, with a CAGR of X% from 2012 to 2022. Norway (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest phosphatic fertilizer supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden totaled X%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price saw a tangible expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%).

Phosphatic Fertilizer Imports

Imports in Scandinavia

In 2022, phosphatic fertilizer imports in Scandinavia surged to X tons, increasing by X% compared with the previous year. Overall, imports recorded a moderate expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer imports rose markedly to $X in 2022. Over the period under review, imports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Sweden dominates imports structure, accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Norway (X tons), making up a X% share of total imports. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the phosphatic fertilizers imports, with a CAGR of X% from 2012 to 2022. Finland (X%) and Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden and Finland increased by X and X percentage points, respectively.

In value terms, Sweden ($X) constitutes the largest market for imported phosphatic fertilizers in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, phosphatic fertilizer imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the import price showed a pronounced slump. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then reduced sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform