Sweden: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Sweden

The Swedish ammonium nitrate market fell to $X in 2023, dropping by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

Ammonium Nitrate Production in Sweden

In value terms, ammonium nitrate production totaled $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Ammonium Nitrate Exports

Exports from Sweden

In 2023, shipments abroad of ammonium nitrate decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2022, and then shrank rapidly in the following year.

In value terms, ammonium nitrate exports contracted sharply to $X in 2023. Overall, exports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank sharply in the following year.

Exports by Country

Colombia (X tons), Norway (X tons) and Peru (X tons) were the main destinations of ammonium nitrate exports from Sweden, with a combined X% share of total exports. Ghana, Finland, Croatia, the United Arab Emirates, Mexico, Belgium, Cote d'Ivoire, Canada, Senegal and Mali lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonium nitrate exported from Sweden were Norway ($X), Colombia ($X) and Peru ($X), together accounting for X% of total exports. Ghana, Finland, the United Arab Emirates, Croatia, Mexico, Cote d'Ivoire, Mali, Belgium, Senegal and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Belgium, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average ammonium nitrate export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a slight expansion 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, ammonium nitrate export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of X%. The export price peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Canada ($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 Cote d'Ivoire (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into Sweden

In 2023, after two years of growth, there was significant decline in overseas purchases of ammonium nitrate, when their volume decreased by X% to X tons. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, ammonium nitrate imports shrank dramatically to $X in 2023. Overall, imports saw a abrupt decline. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank markedly in the following year.

Imports by Country

Finland (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of ammonium nitrate imports to Sweden, with a combined X% share of total imports. Norway, Italy, Lithuania, the Czech Republic and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium nitrate suppliers to Sweden were Poland ($X), Finland ($X) and Norway ($X), together comprising X% of total imports. Lithuania, Italy, Germany, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average ammonium nitrate import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price, however, posted a modest increase. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced 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 Lithuania ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform