Price for Fertilizers; Mineral or Chemical, Nitrogenous in Norway - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Norway (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Norway (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Norway
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Norway
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Norway (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $428 per ton in August 2023, waning by -7.2% against the previous month. In general, the import price saw a noticeable descent. The most prominent rate of growth was recorded in September 2022 an increase of 81% m-o-m. As a result, import price reached the peak level of $1,387 per ton. From October 2022 to August 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($631 per ton), while the price for Germany ($369 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (-2.3%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Norway (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $1,667 per ton, increasing by 142% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($1,889 per ton), while the average price for exports to the United Arab Emirates ($1,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Norway
In 2022, supplies from abroad of fertilizers; mineral or chemical, nitrogenoi was finally on the rise to reach 241K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $108M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.2 | 20.4 | 32.0 | 53.6 | 36.2% |
| Sweden | 23.1 | 21.6 | 23.2 | 38.8 | 18.9% |
| Poland | 3.3 | 3.1 | 1.9 | 4.6 | 11.7% |
| Russia | 1.0 | 0.6 | 2.2 | 3.7 | 54.7% |
| Lithuania | 2.3 | 0.9 | 1.5 | 2.6 | 4.2% |
| Finland | 0.3 | 0.6 | 1.3 | 2.2 | 94.3% |
| Others | 1.3 | 0.8 | 1.3 | 2.4 | 22.7% |
| Total | 52.4 | 48.1 | 63.4 | 108 | 27.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Norway in 2022:
- Germany (132.2K tons)
- Sweden (80.6K tons)
- Russia (11.7K tons)
- Lithuania (5.6K tons)
- Finland (4.3K tons)
- Poland (3.2K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Norway
In 2022, fertilizers; mineral or chemical, nitrogenous exports from Norway declined rapidly to 5.3 tons, with a decrease of -99.7% compared with the year before. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 17,282% against the previous year. As a result, the exports reached the peak of 1.9K tons, and then declined rapidly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reduced rapidly to $8.9K in 2022. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 with an increase of 10,054% against the previous year. As a result, the exports reached the peak of $1.3M, and then contracted dramatically in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 63.5 | 12.2 | 215 | 8.5 | -48.8% |
| United Arab Emirates | 1.4 | 0.5 | 108 | 0.3 | -40.2% |
| United States | N/A | N/A | 954 | N/A | 0% |
| Others | 0.6 | N/A | 14.0 | 0.1 | -45.0% |
| Total | 65.5 | 12.7 | 1,291 | 8.9 | -48.6% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Norway in 2022:
- Myanmar (5.1 tons)
- United Arab Emirates (0.3 tons)
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