Scandinavia: Market for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution 2024

Market Size for Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Scandinavia

The Scandinavia market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution declined dramatically to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Production of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution in Scandinavia

In value terms, production of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution skyrocketed to $X in 2023 estimated in export price. In general, production saw a strong increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Exports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Exports in Scandinavia

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution exported in Scandinavia fell slightly to X tons, declining by X% compared with the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports of attained the maximum at X tons in 2022, and then shrank modestly in the following year.

In value terms, exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped remarkably to $X in 2023. In general, exports, however, continue to indicate a notable expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Sweden (X tons), together reaching X% of total export.

Sweden experienced a relatively flat trend pattern with regard to volume of exports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution supplier in Scandinavia.

From 2013 to 2023, the average annual growth rate of value in Sweden stood at X%.

Export Prices by Country

In 2023, the export price in Scandinavia amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, posted pronounced growth. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2013 to 2023, the rate of growth in terms of prices for Sweden amounted to X% per year.

Imports of Mixtures of Urea and Ammonium Nitrate in Aqueous or Ammoniacal Solution

Imports in Scandinavia

In 2023, the amount of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution imported in Scandinavia reduced dramatically to X tons, which is down by X% on the year before. Overall, imports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, imports of mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution dropped rapidly to $X in 2023. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons) and Sweden (X tons) dominates solution structure, together achieving X% of total imports. It was distantly followed by Norway (X tons), comprising a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

In terms of the main importing countries, Norway, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, increasing by X% against the previous year. In general, the import price enjoyed a moderate increase. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform