Belgium: Fertilizer Market 2024

Fertilizer Market Size in Belgium

The Belgian fertilizer market soared to $X in 2022, jumping by X% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Fertilizer consumption peaked in 2022 and is expected to retain growth in the immediate term.

Fertilizer Production in Belgium

In value terms, fertilizer production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Exports

Exports from Belgium

In 2022, approx. X tons of fertilizers were exported from Belgium; with an increase of X% against 2021. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for fertilizer exports from Belgium, accounting for a X% share of total exports. Moreover, fertilizer exports to France exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, France ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for fertilizer exported from Belgium worldwide, with a combined X% share of total exports. Spain, the UK, Poland, the United States, Mexico, Ireland, Norway and Brazil lagged somewhat behind, together comprising a further X%.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average fertilizer export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The export price peaked at $X per ton in 2013; however, from 2014 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 Poland ($X per ton), while the average price for exports to the United States ($X 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 Germany (X%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in overseas purchases of fertilizers, which increased by X% to X tons in 2022. In general, imports continue to indicate a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest fertilizer supplier to Belgium, with a X% share of total imports. Moreover, fertilizer imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (X% per year) and Germany (X% per year).

In value terms, the largest fertilizer suppliers to Belgium were the Netherlands ($X), Canada ($X) and Germany ($X), together comprising X% of total imports. Russia, Oman, France, the United States, Trinidad and Tobago, Lithuania, Norway, Belarus and Chile lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average fertilizer import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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