Europe: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Europe

The Europe nitrogenous 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; 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.

Nitrogenous Fertilizer Production in Europe

In value terms, nitrogenous fertilizer production surged to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Nitrogenous Fertilizer Exports

Exports in Europe

In 2022, shipments abroad of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the seventh year in a row after three years of decline. Total exports indicated tangible growth from 2012 to 2022: its volume 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, exports increased by X% against 2015 indices. 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. Overall, exports enjoyed a tangible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) represented the key exporter of nitrogenous fertilizers (mineral or chemical), mixing up X% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), Germany (X%), Poland (X%) and Lithuania (X%). Slovakia (X tons), France (X tons), Spain (X tons), Norway (X tons), Belarus (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nitrogenous fertilizer exports from Russia stood at X%. At the same time, Belgium (X%), Slovakia (X%), France (X%), Poland (X%), the Czech Republic (X%), Germany (X%), Norway (X%), Belarus (X%), Spain (X%), Lithuania (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. From 2012 to 2022, the share of Belgium, Russia and Slovakia 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 ($X) remains the largest nitrogenous fertilizer supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Norway ($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.

Nitrogenous Fertilizer Imports

Imports in Europe

For the fourth consecutive year, Europe recorded growth in supplies from abroad of nitrogenous fertilizers (mineral or chemical), which increased by X% to X tons in 2022. Total imports indicated a strong increase from 2012 to 2022: its volume 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 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer imports soared to $X in 2022. Overall, imports saw a buoyant increase. 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 nitrogenous fertilizer imports in 2022 were France (X tons), Germany (X tons), Belgium (X tons) and the UK (X tons), together recording X% of total import. Romania (X tons), Spain (X tons), Hungary (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), Ireland (X tons), the Czech Republic (X tons) and Sweden (X tons) followed a long way behind the leaders.

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

In value terms, the largest nitrogenous fertilizer importing markets in Europe were France ($X), Belgium ($X) and the UK ($X), together accounting for X% of total imports. Germany, Romania, Poland, Spain, Italy, Ireland, the Netherlands, the Czech Republic, Hungary and Sweden lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

The import price in Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform