Sweden: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Sweden

The Swedish market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution contracted remarkably to $X in 2022, with a decrease of -83.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a dramatic decline. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports from Sweden

In 2022, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Sweden surged to X tons, jumping by 202% compared with 2021 figures. Overall, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2022. Over the period under review, exports showed buoyant growth. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution from Sweden, accounting for a 88% share of total exports. Moreover, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Norway exceeded the volume sent to the second major destination, Poland (X tons), eightfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Norway amounted to -1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+42.4% per year) and Finland (+10.7% per year).

In value terms, Norway ($X) remains the key foreign market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exports from Sweden, comprising 88% of total exports. The second position in the ranking was taken by Poland ($X), with a 10% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to Norway stood at +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+167.3% per year) and Finland (+1.1% per year).

Export Prices by Country

In 2022, the average export price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution amounted to $X per ton, falling by -3.5% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 52% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+87.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports into Sweden

In 2022, after two years of decline, there was significant growth in purchases abroad of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, when their volume increased by 794% to X tons. Overall, imports, however, continue to indicate a precipitous decline. Over the period under review, imports of reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution soared to $X in 2022. In general, imports, however, continue to indicate a deep contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Denmark (X tons) and the United States (X tons) were the main suppliers of imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution to Sweden, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +33.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution suppliers to Sweden were Poland ($X), Denmark ($X) and the UK ($X), with a combined 96% share of total imports.

In terms of the main suppliers, the UK, with a CAGR of +114.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution stood at $X per ton in 2022, shrinking by -4.6% against the previous year. Over the period under review, the import price, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2021 an increase of 156% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+273.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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