Nitrites; Nitrates Price in Norway - 2023
Contents:
- Nitrites; Nitrates Price in Norway (CIF) - 2022
- Nitrites; Nitrates Price in Norway (FOB) - 2022
- Nitrites; Nitrates Imports in Norway
- Nitrites; Nitrates Exports in Norway
Nitrites; Nitrates Price in Norway (CIF) - 2022
In 2022, the average nitrites; nitrates import price amounted to $1,672 per ton, picking up by 46% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 63% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($1,779 per ton), while the price for Poland ($975 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+38.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Nitrites; Nitrates Price in Norway (FOB) - 2022
In 2022, the average nitrites; nitrates export price amounted to $1,543 per ton, jumping by 52% against the previous year. In general, the export price posted a pronounced increase. The most prominent rate of growth was recorded in 2019 an increase of 105% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,945 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($1,788 per ton), while the average price for exports to Faroe Islands ($776 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+17.8%), while the prices for the other major destinations experienced a decline.
Nitrites; Nitrates Imports in Norway
In 2022, the amount of nitrites; nitrateses imported into Norway reached 1.7K tons, growing by 5.2% against 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 7.9% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, nitrites; nitrates imports skyrocketed to $2.9M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Nitrites; Nitrates in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 960 | 678 | 815 | 1,399 | 13.4% |
| Jordan | N/A | 18.5 | 153 | 563 | 451.7% |
| Sweden | 552 | 566 | 480 | 414 | -9.1% |
| Netherlands | 164 | 152 | 188 | 169 | 1.0% |
| Italy | 36.5 | 62.1 | 76.3 | 129 | 52.3% |
| Chile | N/A | 65.3 | 43.6 | 68.1 | 2.1% |
| Poland | 17.7 | 29.5 | 35.9 | 49.1 | 40.5% |
| Denmark | 50.0 | 26.1 | 41.8 | 16.3 | -31.2% |
| Others | 288 | 949 | 52.3 | 96.2 | -30.6% |
| Total | 2,068 | 2,547 | 1,885 | 2,904 | 12.0% |
Top Suppliers of Nitrites; Nitrates to Norway in 2022:
- Germany (786.8 tons)
- Jordan (384.0 tons)
- Sweden (275.5 tons)
- Netherlands (98.7 tons)
- Italy (73.8 tons)
- Poland (50.3 tons)
- Chile (48.0 tons)
- Denmark (11.6 tons)
Nitrites; Nitrates Exports in Norway
In 2022, shipments abroad of nitrites; nitrateses increased by 83% to 35 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a sharp setback.
In value terms, nitrites; nitrates exports skyrocketed to $55K in 2022. In general, exports, however, recorded a dramatic downturn.
| Export of Nitrites; Nitrates in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 1.8 | N/A | N/A | 40.4 | 182.1% |
| Sweden | 3.6 | 0.7 | 1.6 | 9.7 | 39.2% |
| Faroe Islands | 9.1 | 1.2 | 1.2 | 2.9 | -31.7% |
| Denmark | 5.5 | 6.0 | N/A | 1.8 | -31.1% |
| United Kingdom | 590 | N/A | N/A | N/A | 0% |
| France | 30.8 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 98.9 | 23.6 | 10.6 | N/A | -67.3% |
| Oman | 8.0 | 2.2 | 1.5 | N/A | -56.7% |
| Others | 0.6 | N/A | 4.8 | N/A | 182.8% |
| Total | 748 | 33.8 | 19.7 | 54.8 | -58.2% |
Top Export Markets for Nitrites; Nitrates from Norway in 2022:
- Iceland (24.0 tons)
- Sweden (5.4 tons)
- Faroe Islands (3.8 tons)
- Denmark (2.3 tons)
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