Europe: Fertilizer Market 2024

Fertilizer Market Size in Europe

The Europe fertilizer market surged to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Europe

In value terms, fertilizer production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, 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 stood at a somewhat lower figure.

Fertilizer Exports

Exports in Europe

In 2022, the amount of fertilizers exported in Europe skyrocketed to X tons, growing by X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer exports skyrocketed to $X in 2022. Overall, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia represented the major exporter of fertilizers in Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Belarus (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons) and Germany (X tons). All these countries together took approx. X% share of total exports. Norway (X tons), Poland (X tons), Lithuania (X tons), Spain (X tons), Slovakia (X tons) and France (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to fertilizer exports from Russia stood at X%. At the same time, Belgium (X%), Slovakia (X%), Germany (X%), France (X%), Belarus (X%), Spain (X%), Poland (X%), Norway (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Lithuania experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belgium, Belarus and Germany increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest fertilizer supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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

Fertilizer Imports

Imports in Europe

For the fourth year in a row, Europe recorded growth in overseas purchases of fertilizers, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports surged to $X in 2022. Overall, imports recorded resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of fertilizer imports in 2022 were France (X tons), Belgium (X tons), Germany (X tons), the UK (X tons), Poland (X tons), Romania (X tons), Spain (X tons), the Netherlands (X tons), Italy (X tons), Hungary (X tons), Ireland (X tons) and Lithuania (X tons), together finishing at X% of total import. Sweden (X tons) took a little share of total imports.

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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Germany, Poland, Romania, Spain, Italy, the Netherlands, Ireland, Hungary, Lithuania and Sweden lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2022, surging by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price 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, fertilizer import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform