EU: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in the EU

The EU potassic fertilizer market surged to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, posted a moderate increase. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in years to come.

Potassic Fertilizer Production in the EU

In value terms, potassic fertilizer production rose rapidly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports in the EU

In 2022, overseas shipments of potassic fertilizers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, potassic fertilizer exports surged to $X in 2022. In general, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the largest exporting country with an export of about X tons, which reached X% of total exports. Spain (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%) and the Netherlands (X%). Sweden (X tons) followed a long way behind the leaders.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sweden (X%), Belgium (X%) and Spain (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.), the Netherlands (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) emerged as the largest potassic fertilizer supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In Germany, potassic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. In general, the export price saw a notable increase. As a result, the export price attained 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 Germany ($X per ton), while Spain ($X per ton) was amongst the lowest.

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

Potassic Fertilizer Imports

Imports in the EU

In 2022, supplies from abroad of potassic fertilizers increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports soared to $X in 2022. Total imports indicated a modest 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), distantly followed by Poland (X tons), Finland (X tons), France (X tons), the Netherlands (X tons) and Italy (X tons) were the key importers of potassic fertilizers, together mixing up X% of total imports. Spain (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest potassic fertilizer importing markets in the European Union were Belgium ($X), Poland ($X) and France ($X), with a combined X% share of total imports. The Netherlands, Finland, Italy and Spain lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Finland, 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

The import price in the European Union stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a mild reduction. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Spain ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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