Scandinavia: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in Scandinavia

The Scandinavia potassium nitrate market fell remarkably to $X in 2023, reducing by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market remained at a lower figure.

Potassium Nitrate Production in Scandinavia

In value terms, potassium nitrate production reduced slightly to $X in 2023 estimated in export price. In general, production continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Potassium Nitrate Exports

Exports in Scandinavia

Potassium nitrate exports skyrocketed to X tons in 2023, growing by X% on 2022. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, potassium nitrate exports plummeted to $X in 2023. Over the period under review, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Norway represented the largest exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Finland (X tons) and Sweden (X tons), together creating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to potassium nitrate exports from Norway stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. By contrast, Sweden (X%) illustrated a downward trend over the same period. Finland (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the largest potassium nitrate supplying countries in Scandinavia were Norway ($X), Finland ($X) and Sweden ($X).

Finland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, 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 export price figures.

Potassium Nitrate Imports

Imports in Scandinavia

In 2023, supplies from abroad of potassium nitrates decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, imports showed a noticeable downturn. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, potassium nitrate imports dropped remarkably to $X in 2023. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

In 2023, Finland (X tons) represented the main importer of potassium nitrates, mixing up X% of total imports. It was distantly followed by Sweden (X tons) and Norway (X tons), together creating a X% share of total imports.

Finland experienced a relatively flat trend pattern with regard to volume of imports of potassium nitrates. Norway (X%) and Sweden (X%) illustrated a downward trend over the same period. Finland (X p.p.) significantly strengthened its position in terms of the total imports, while Norway and Sweden saw its share reduced by X% and X% from 2012 to 2023, respectively.

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

From 2012 to 2023, the average annual growth rate of value in Finland amounted to X%. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the import price in Scandinavia amounted to $X per ton, with a decrease of X% against the previous year. Import price indicated a slight 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, potassium nitrate import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Sweden ($X per ton), while Norway ($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 more modest paces of growth.

Source: IndexBox Platform