EU: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the EU

In 2022, the EU NPK fertilizer market increased by 15% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Npk Fertilizer Production in the EU

In value terms, NPK fertilizer production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Npk Fertilizer Exports

Exports in the EU

In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -13.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 16% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, NPK fertilizer exports soared to $X in 2022. Total exports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.6% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium was the major exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers in the European Union, with the volume of exports amounting to X tons, which was approx. 31% of total exports in 2022. Finland (X tons) ranks second in terms of the total exports with a 10% share, followed by the Netherlands (10%), Poland (9.8%), Spain (9.1%), Lithuania (5.6%) and Germany (5.3%).

Belgium experienced a relatively flat trend pattern with regard to volume of exports of mixed nitrogen, phosphorus and potassium (NPK) fertilizers. At the same time, Spain (+13.3%) and Lithuania (+5.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +13.3% from 2012-2022. Poland and Finland experienced a relatively flat trend pattern. By contrast, Germany (-2.1%) and the Netherlands (-4.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Spain and Lithuania increased by +6.7 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest NPK fertilizer supplying countries in the European Union were Finland ($X), Belgium ($X) and the Netherlands ($X), together comprising 55% of total exports. Spain, Poland, Germany and Lithuania lagged somewhat behind, together comprising a further 28%.

Spain, with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of exports, among 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, picking up by 64% against the previous year. In general, the export price recorded a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Belgium ($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 (+10.4%), while the other leaders experienced more modest paces of growth.

Npk Fertilizer Imports

Imports in the EU

In 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -20.3% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank dramatically in the following year.

In value terms, NPK fertilizer imports skyrocketed to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of NPK fertilizer imports in 2022 were Spain (X tons), Romania (X tons), Poland (X tons), Ireland (X tons), France (X tons), Germany (X tons), Belgium (X tons), Lithuania (X tons), Hungary (X tons), Sweden (X tons), Denmark (X tons) and Estonia (X tons), together finishing at 73% of total import. Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +20.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Romania ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, with a combined 29% share of total imports.

In terms of the main importing countries, Romania, with a CAGR of +23.9%, 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 import price in the European Union amounted to $X per ton, picking up by 51% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +107.5% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Poland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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