Norway: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Norway

In 2023, after three years of growth, there was significant decline in the Norwegian nitrogenous fertilizer market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a tangible expansion. Over the period under review, the market reached the peak level at $X in 2022, and then declined significantly in the following year.

Nitrogenous Fertilizer Production in Norway

In value terms, nitrogenous fertilizer production expanded to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Nitrogenous fertilizer production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports from Norway

In 2023, after four years of growth, there was decline in shipments abroad of nitrogenous fertilizers (mineral or chemical), when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, nitrogenous fertilizer exports declined remarkably to $X in 2023. Overall, exports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

The United States (X tons) was the main destination for nitrogenous fertilizer exports from Norway, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. Brazil (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Brazil (X% per year).

In value terms, the United States ($X) remains the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Norway, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the average nitrogenous fertilizer export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Norway

Nitrogenous fertilizer imports into Norway reduced to X tons in 2023, dropping by X% on 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2022, and then fell in the following year.

In value terms, nitrogenous fertilizer imports contracted significantly to $X in 2023. Overall, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank notably in the following year.

Imports by Country

Germany (X tons), Belgium (X tons) and Sweden (X tons) were the main suppliers of nitrogenous fertilizer imports to Norway, with a combined X% share of total imports. The Netherlands, Poland and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer suppliers to Norway were Germany ($X), Sweden ($X) and Belgium ($X), together accounting for X% of total imports. Poland, the Netherlands and Lithuania lagged somewhat behind, together accounting for a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sweden (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform