Iceland: Nitrogenous Fertilizer Market 2020

Nitrogenous Fertilizer Market Size in Iceland

The revenue of the nitrogenous fertilizer market in Iceland amounted to $X in 2018, shrinking by -X% 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). Overall, nitrogenous fertilizer consumption continues to indicate a mild decrease. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. In that year, the nitrogenous fertilizer market reached its peak level of $X. From 2015 to 2018, the growth of the nitrogenous fertilizer market failed to regain its momentum.

Nitrogenous Fertilizer Exports

Exports from Iceland

In 2018, the amount of nitrogenous fertilizers (mineral or chemical) exported from Iceland amounted to X tons, waning by -X% against the previous year. Overall, nitrogenous fertilizer exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, nitrogenous fertilizer exports attained their peak of X tons. From 2014 to 2018, the growth of nitrogenous fertilizer exports remained at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports totaled $X in 2018. In general, nitrogenous fertilizer exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. In that year, nitrogenous fertilizer exports attained their peak of $X. From 2014 to 2018, the growth of nitrogenous fertilizer exports failed to regain its momentum.

Exports by Country

In 2018, Russia (X tons), China (X tons), the Netherlands (X tons), Qatar (X tons), Belgium (X tons), Saudi Arabia (X tons), Egypt (X tons), Oman (X tons), the U.S. (X tons), Algeria (X tons), Germany (X tons) and Iran (X tons) represented the key exporters of nitrogenous fertilizers (mineral or chemical) in the world, making up X% of total export.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Algeria, while the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer markets from Iceland were Russia ($X), China ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Qatar, the Netherlands, Egypt, the U.S., Belgium, Algeria, Iran, Germany, Oman and Iceland lagged somewhat behind, together accounting for a further X the main exporting countries, Algeria recorded the highest growth rate of exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The nitrogenous fertilizer export price in Iceland stood at $X per ton in 2018, going up by X% against the previous year. In general, the nitrogenous fertilizer export price, however, continues to indicate a mild drop. The growth pace was the most rapid in 2014 when the export price increased by X% y-o-y. In that year, the export prices for nitrogenous fertilizers (mineral or chemical) attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the export prices for nitrogenous fertilizers (mineral or chemical) failed to regain its momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Saudi Arabia ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Iceland

In 2018, the nitrogenous fertilizer imports into Iceland stood at X tons, declining by -X% against the previous year. Over the period under review, nitrogenous fertilizer imports continue to indicate a mild drop. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. In that year, nitrogenous fertilizer imports attained their peak of X tons. From 2015 to 2018, the growth of nitrogenous fertilizer imports failed to regain its momentum.

In value terms, nitrogenous fertilizer imports stood at $X in 2018. Overall, nitrogenous fertilizer imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. In that year, nitrogenous fertilizer imports attained their peak of $X. From 2015 to 2018, the growth of nitrogenous fertilizer imports remained at a somewhat lower figure.

Imports by Country

In 2018, Brazil (X tons), the U.S. (X tons), India (X tons), France (X tons), Turkey (X tons), Germany (X tons), the UK (X tons), Belgium (X tons), Australia (X tons), Mexico (X tons), Thailand (X tons) and Spain (X tons) represented the largest importers of nitrogenous fertilizers (mineral or chemical) in the world, creating X% of total import.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by France, while the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Brazil ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

Brazil experienced the highest rates of growth with regard to imports, in terms of the main importing countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The nitrogenous fertilizer import price in Iceland stood at $X per ton in 2018, declining by -X% against the previous year. In general, the nitrogenous fertilizer import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the import price increased by X% against the previous year. Over the period under review, the import prices for nitrogenous fertilizers (mineral or chemical) attained their maximum at $X per ton in 2015; however, from 2016 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Thailand ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced a decline in the import price figures.

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Source: IndexBox Platform