Europe: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Europe

The Europe phosphatic fertilizer market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption saw a slight shrinkage. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphatic Fertilizer Production in Europe

In value terms, phosphatic fertilizer production soared to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in Europe

In 2022, overseas shipments of phosphatic fertilizers increased by X% to X tons, rising for the third year in a row after four years of decline. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, phosphatic fertilizer exports soared to $X in 2022. In general, exports posted a noticeable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Spain represented the major exporter of phosphatic fertilizers in Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Bulgaria (X tons), the Netherlands (X tons), Poland (X tons), Italy (X tons) and France (X tons), together achieving a X% share of total exports. Belgium (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from Spain stood at X%. At the same time, Italy (X%), France (X%) and Poland (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. By contrast, Belgium (X%), Bulgaria (X%) and the Netherlands (X%) illustrated a downward trend over the same period. Spain (X p.p.), Italy (X p.p.), Poland (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the total exports, while Belgium, Bulgaria and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

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

In Bulgaria, phosphatic 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 the Netherlands (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Phosphatic Fertilizer Imports

Imports in Europe

In 2022, imports of phosphatic fertilizers in Europe fell dramatically to X tons, declining by X% against 2021. Overall, imports recorded a mild contraction. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer imports shrank to $X in 2022. In general, imports recorded a slight decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), distantly followed by the UK (X tons), the Netherlands (X tons), Italy (X tons) and Romania (X tons) were the major importers of phosphatic fertilizers, together committing X% of total imports. Poland (X tons), Ukraine (X tons), Belgium (X tons), Spain (X tons), the Czech Republic (X tons), Germany (X tons), Hungary (X tons) and Denmark (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 Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constitutes the largest market for imported phosphatic fertilizers in Europe, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total imports. It was followed by Romania, with an X% share.

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

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. 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 remained at a 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 the Czech Republic ($X per ton), while Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform