EU: Ammonia Market 2024

Ammonia Market Size in the EU

In 2022, the EU ammonia market increased by 75% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ammonia Production in the EU

In value terms, ammonia production shrank to $X in 2022 estimated in export price. In general, production recorded a abrupt decline. The growth pace was the most rapid in 2016 with an increase of 292%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Ammonia Exports

Exports in the EU

In 2022, overseas shipments of anhydrous ammonia increased by 129% to X tons, rising for the second year in a row after three years of decline. In general, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonia exports soared to $X in 2022. Overall, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) and Germany (X tons) represented roughly 68% of total exports in 2022. France (X tons) ranks next in terms of the total exports with an 11% share, followed by Belgium (4.7%). The following exporters - Bulgaria (X tons), Poland (X tons) and Spain (X tons) - together made up 10% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bulgaria (with a CAGR of +33.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest ammonia supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Belgium ($X), together accounting for 73% of total exports. These countries were followed by France, Bulgaria, Poland and Spain, which together accounted for a further 18%.

Bulgaria, with a CAGR of +35.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 47%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.6%), while the other leaders experienced more modest paces of growth.

Ammonia Imports

Imports in the EU

In 2022, ammonia imports in the European Union surged to X tons, picking up by 89% against the previous year's figure. Over the period under review, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonia imports soared to $X in 2022. In general, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Belgium was the major importing country with an import of around X tons, which amounted to 36% of total imports. France (X tons) took a 14% share (based on physical terms) of total imports, which put it in second place, followed by Germany (11%), Spain (5.9%), Italy (4.9%) and Sweden (4.8%). The Netherlands (X tons), Portugal (X tons), the Czech Republic (X tons), Finland (X tons), Bulgaria (X tons), Denmark (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Belgium increased at an average annual rate of +13.4% from 2012 to 2022. At the same time, Bulgaria (+115.3%), Italy (+24.8%), Denmark (+20.4%), the Netherlands (+12.6%), Sweden (+11.5%), Germany (+8.9%), Portugal (+7.6%), France (+6.8%), the Czech Republic (+4.7%), Spain (+3.5%) and Lithuania (+1.9%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +115.3% from 2012-2022. By contrast, Finland (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium, Italy and Bulgaria increased by +11, +3.6 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 44% of total imports. These countries were followed by Finland, Spain, the Netherlands, Portugal, Bulgaria, Sweden, Italy, the Czech Republic, Lithuania and Denmark, which together accounted for a further 54%.

Bulgaria, with a CAGR of +123.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, rising by 27% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 44%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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