Scandinavia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Scandinavia

After five years of growth, the Scandinavia ammonium sulphate market decreased by X% to $X in 2023. Overall, consumption, however, recorded a perceptible increase. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Ammonium Sulphate Production in Scandinavia

In value terms, ammonium sulphate production declined notably to $X in 2023 estimated in export price. Overall, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

Ammonium Sulphate Exports

Exports in Scandinavia

In 2023, overseas shipments of ammonium sulphate decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, ammonium sulphate exports contracted notably to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Finland prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. Norway (X tons) held a little share of total exports.

Exports from Finland increased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2023. Norway (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Finland ($X) remains the largest ammonium sulphate supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was held by Norway ($X), with a X% share of total exports.

In Finland, ammonium sulphate exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%).

Ammonium Sulphate Imports

Imports in Scandinavia

In 2023, imports of ammonium sulphate in Scandinavia contracted markedly to X tons, which is down by X% against the previous year's figure. Total imports indicated pronounced growth from 2012 to 2023: its volume 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. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, ammonium sulphate imports dropped markedly to $X in 2023. Over the period under review, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded 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

Norway represented the main importer of ammonium sulphate in Scandinavia, with the volume of imports recording X tons, which was near X% of total imports in 2023. It was distantly followed by Finland (X tons), creating a X% share of total imports.

Norway was also the fastest-growing in terms of the ammonium sulphate imports, with a CAGR of X% from 2012 to 2023. Finland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Finland (X p.p.) displayed negative dynamics.

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

In Norway, ammonium sulphate imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid 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 fell remarkably 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 Finland ($X per ton), while Norway totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Finland (X%).

Source: IndexBox Platform