Price for Fertilizers; Mineral or Chemical, Phosphatic in Norway - 2023

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Norway (CIF) - 2022
2. Price for Fertilizers; Mineral or Chemical, Phosphatic in Norway (FOB) - 2022
3. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Norway
4. Exports of Fertilizers; Mineral or Chemical, Phosphatic in Norway

Price for Fertilizers; Mineral or Chemical, Phosphatic in Norway (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $1,622 per ton, growing by 78% against the previous year. In general, the import price saw a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($5,169 per ton), while the price for Sweden ($908 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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Norway (FOB) - 2022

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $1,335 per ton, declining by -57.4% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 164% against the previous year. As a result, the export price attained the peak level of $3,135 per ton, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($16,357 per ton), while the average price for exports to Ethiopia stood at $999 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+78.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Norway

After three years of growth, supplies from abroad of fertilizers; mineral or chemical, phosphatics decreased by -30.3% to 195 tons in 2022. Overall, imports, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year.

In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $316K in 2022. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Norway in 2022:

1. Sweden (91.2 tons)
2. Netherlands (60.6 tons)
3. Thailand (22.5 tons)
4. United Kingdom (13.6 tons)
5. China (3.9 tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Norway

Fertilizers; mineral or chemical, phosphatic exports from Norway skyrocketed to 5.6 tons in 2022, growing by 96% against 2021 figures. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizers; mineral or chemical, phosphatic exports fell dramatically to $7.4K in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 96% against the previous year.

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Norway in 2022:

1. Ethiopia (5.4 tons)
2. El Salvador (0.1 tons)

Source: IndexBox Market Intelligence Platform