Norway: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Norway

The Norwegian mixed fertilizer market surged to $X in 2023, rising by X% against the previous year. Overall, the total consumption indicated a modest increase from 2012 to 2023: its value 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, consumption increased by X% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Norway

In value terms, mixed fertilizer production amounted to $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Mixed fertilizer production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Mixed Fertilizer Exports

Exports from Norway

In 2023, the amount of mixed fertilizers exported from Norway dropped dramatically to X tons, waning by X% against 2022 figures. Overall, exports, however, recorded moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports shrank rapidly to $X in 2023. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), Guatemala (X tons) and Denmark (X tons) were the main destinations of mixed fertilizer exports from Norway, with a combined X% share of total exports. Poland, the UK and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for the UK (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Malaysia ($X), Guatemala ($X) and Denmark ($X) appeared to be the largest markets for mixed fertilizer exported from Norway worldwide, together comprising X% of total exports. Poland, the UK and Switzerland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average mixed fertilizer export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price showed noticeable growth. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2023 and is expected to retain growth in years to come.

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

Mixed Fertilizer Imports

Imports into Norway

Mixed fertilizer imports into Norway declined dramatically to X tons in 2023, with a decrease of X% on 2022 figures. Overall, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, mixed fertilizer imports contracted notably to $X in 2023. Over the period under review, imports, however, continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced notably in the following year.

Imports by Country

In 2023, Finland (X tons) was the main supplier of mixed fertilizer to Norway, accounting for a X% share of total imports. Moreover, mixed fertilizer imports from Finland exceeded the figures recorded by the second-largest supplier, Sweden (X tons), more than tenfold. France (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and France (X% per year).

In value terms, Finland ($X) constituted the largest supplier of mixed fertilizers to Norway, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average mixed fertilizer import price amounted to $X per ton, which is down by X% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were France ($X per ton) and the Netherlands ($X per ton), while the price for Sweden ($X per ton) and Finland ($X per ton) were 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 a decline.

Source: IndexBox Platform