Belgium: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in Belgium

The Belgian ammonium nitrate market amounted to $X in 2021, increasing by 8.1% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Ammonium Nitrate Production in Belgium

In value terms, ammonium nitrate production stood at $X in 2021 estimated in export price. Overall, production showed a slight shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Ammonium Nitrate Exports

Exports from Belgium

In 2021, the amount of ammonium nitrate exported from Belgium dropped sharply to X tons, reducing by -22.6% compared with 2020 figures. Over the period under review, exports recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 with an increase of 60%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium nitrate exports reduced to $X in 2021. In general, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 7.4%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), the Netherlands (X tons) and the UK (X tons) were the main destinations of ammonium nitrate exports from Belgium, together comprising 98% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +7.5%), while the other leaders experienced a decline.

In value terms, the largest markets for ammonium nitrate exported from Belgium were France ($X), the UK ($X) and the Netherlands ($X), with a combined 94% share of total exports.

The Netherlands, with a CAGR of -0.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the average export price increased by 51%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-0.5%), while the prices for the other major destinations experienced a decline.

Ammonium Nitrate Imports

Imports into Belgium

In 2021, overseas purchases of ammonium nitrate decreased by -5.5% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of 95%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ammonium nitrate imports surged to $X in 2021. Overall, imports continue to indicate a perceptible descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest ammonium nitrate supplier to Belgium, with a 50% share of total imports. Moreover, ammonium nitrate imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Sweden (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +15.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.4% per year) and Sweden (+26,996.0% per year).

In value terms, France ($X) constituted the largest supplier of ammonium nitrate to Belgium, comprising 53% of total imports. The second position in the ranking was held by Sweden ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+21,160.9% per year) and the Netherlands (-13.8% per year).

Import Prices by Country

The average ammonium nitrate import price stood at $X per ton in 2021, surging by 89% against the previous year. In general, the import price, however, saw a deep setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-7.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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