Scandinavia: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Scandinavia

The Scandinavia animal or vegetable fertilisers market fell rapidly to $X in 2023, waning by X% against the previous year. In general, consumption showed a abrupt downturn. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Scandinavia

In value terms, animal or vegetable fertilisers production reduced to $X in 2023 estimated in export price. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then reduced modestly in the following year.

Exports of Animal Or Vegetable Fertilisers

Exports in Scandinavia

In 2023, approx. X tons of animal or vegetable fertilisers were exported in Scandinavia; picking up by X% against the previous year. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, animal or vegetable fertilisers exports expanded remarkably to $X in 2023. In general, exports saw prominent growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Sweden (X tons) and Norway (X tons) dominates exports structure, together mixing up X% of total exports. It was distantly followed by Finland (X tons), generating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Norway (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Norway ($X) remains the largest animal or vegetable fertilisers supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Sweden ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Norway totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (X% per year) and Finland (X% per year).

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, waning by X% against the previous year. Export price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, animal or vegetable fertilisers export price increased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the export price figures.

Imports of Animal Or Vegetable Fertilisers

Imports in Scandinavia

In 2023, after four years of growth, there was significant decline in purchases abroad of animal or vegetable fertilisers, when their volume decreased by X% to X tons. In general, imports recorded a mild decline. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then fell rapidly in the following year.

In value terms, animal or vegetable fertilisers imports dropped rapidly to $X in 2023. Overall, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2022, and then declined sharply in the following year.

Imports by Country

Sweden prevails in imports structure, accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Finland (X tons) and Norway (X tons), together creating an X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to animal or vegetable fertilisers imports into Sweden stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Norway (X%) illustrated a downward trend over the same period. While the share of Finland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported animal or vegetable fertilisers in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Finland ($X), with a X% share of total imports.

In Sweden, animal or vegetable fertilisers imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated moderate growth from 2012 to 2023: its price 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. Based on 2023 figures, animal or vegetable fertilisers import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform