Germany: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Germany

After two years of decline, the German NPK fertilizer market increased by 50% to $X in 2022. Over the period under review, consumption, however, continues to indicate a abrupt downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Npk Fertilizer Production in Germany

In value terms, NPK fertilizer production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. Production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Npk Fertilizer Exports

Exports from Germany

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Germany; which is down by -26% against the previous year's figure. In general, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2014 when exports increased by 70%. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, NPK fertilizer exports expanded sharply to $X in 2022. Over the period under review, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 41% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons), Mexico (X tons) and Italy (X tons) were the main destinations of NPK fertilizer exports from Germany, with a combined 43% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +12.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for NPK fertilizer exported from Germany were Belgium ($X), Mexico ($X) and Italy ($X), with a combined 39% share of total exports.

Mexico, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, with an increase of 48% against the previous year. In general, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer export price increased by +71.8% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Germany

For the third consecutive year, Germany recorded decline in overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, which decreased by -10% to X tons in 2022. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, NPK fertilizer imports surged to $X in 2022. Overall, imports recorded a noticeable descent. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia (X tons), Belgium (X tons) and the Netherlands (X tons) were the main suppliers of NPK fertilizer imports to Germany, together comprising 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +45.0%), while purchases for the other leaders experienced a decline.

In value terms, the largest NPK fertilizer suppliers to Germany were Belgium ($X), Russia ($X) and the Netherlands ($X), with a combined 71% share of total imports.

In terms of the main suppliers, Russia, with a CAGR of +52.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, rising by 47% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% 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 +100.5% against 2020 indices. As a result, import 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 importers, the country with the highest price was the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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