Belgium: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Belgium

In 2022, the Belgian nitrogenous fertilizer market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, the total consumption indicated a buoyant 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 2020 indices. Nitrogenous fertilizer consumption peaked in 2022 and is likely to see gradual growth in the near future.

Nitrogenous Fertilizer Production in Belgium

In value terms, nitrogenous fertilizer production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a strong 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 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Nitrogenous Fertilizer Exports

Exports from Belgium

For the sixth consecutive year, Belgium recorded growth in shipments abroad of nitrogenous fertilizers (mineral or chemical), which increased by X% to X tons in 2022. Over the period under review, exports continue to indicate a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer exports soared to $X in 2022. In general, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of nitrogenous fertilizer exports from Belgium, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nitrogenous fertilizer exported from Belgium were France ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total exports. The UK, the United States, Ireland, Spain, Mexico, Denmark, Norway and Brazil lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 nitrogenous fertilizer export price amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to the United States ($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 Denmark (X%), while the prices for the other major destinations experienced a decline.

Nitrogenous Fertilizer Imports

Imports into Belgium

In 2022, the amount of nitrogenous fertilizers (mineral or chemical) imported into Belgium soared to X tons, rising by X% on the year before. Overall, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. In general, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of nitrogenous fertilizer to Belgium, accounting for a X% share of total imports. Moreover, nitrogenous fertilizer imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The United States (X tons) ranked third in terms of total imports 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: Germany (X% per year) and the United States (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Belgium, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Oman (X% per year).

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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