Luxembourg: Nitrogen Market 2024

Nitrogen Market Size in Luxembourg

In 2021, the Luxembourg nitrogen market increased by 46% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.7% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Nitrogen Exports

Exports from Luxembourg

In 2021, overseas shipments of nitrogen increased by 249% to X cubic meters, rising for the second consecutive year after two years of decline. Overall, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 725% against the previous year. As a result, the exports reached the peak of X cubic meters. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, nitrogen exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 741% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X cubic meters) was the main destination for nitrogen exports from Luxembourg, accounting for a 64% share of total exports. Moreover, nitrogen exports to France exceeded the volume sent to the second major destination, Germany (X cubic meters), threefold. The third position in this ranking was held by Belgium (X cubic meters), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France amounted to +61.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+23.3% per year) and Belgium (+1.4% per year).

In value terms, France ($X) remains the key foreign market for nitrogen exports from Luxembourg, comprising 64% of total exports. The second position in the ranking was taken by Germany ($X), with a 19% share of total exports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +62.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+22.6% per year) and Belgium (+0.9% per year).

Export Prices by Country

In 2021, the average nitrogen export price amounted to $X per cubic meter, surging by 7.6% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per cubic meter in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Oman ($X per cubic meter) and Germany ($X per cubic meter), while the average price for exports to the UK ($X per cubic meter) and France ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.2%), while the prices for the other major destinations experienced a decline.

Nitrogen Imports

Imports into Luxembourg

In 2021, after two years of decline, there was significant growth in overseas purchases of nitrogen, when their volume increased by 44% to X cubic meters. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54%. Imports peaked at X cubic meters in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, nitrogen imports surged to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -15.6% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X cubic meters) constituted the largest supplier of nitrogen to Luxembourg, accounting for a 83% share of total imports. Moreover, nitrogen imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X cubic meters), eightfold. The Netherlands (X cubic meters) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from France stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.6% per year) and the Netherlands (+57.1% per year).

In value terms, France ($X) constituted the largest supplier of nitrogen to Luxembourg, comprising 83% of total imports. The second position in the ranking was held by Belgium ($X), with an 11% share of total imports. It was followed by the Netherlands, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-2.6% per year) and the Netherlands (+55.5% per year).

Import Prices by Country

In 2021, the average nitrogen import price amounted to $X per cubic meter, rising by 2.3% against the previous year. In general, the import price, however, saw a slight setback. The growth pace was the most rapid in 2018 when the average import price increased by 4.7% against the previous year. Over the period under review, average import prices hit record highs at $X per cubic meter in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per cubic meter) and Germany ($X per cubic meter), while the price for France ($X per cubic meter) and Belgium ($X per cubic meter) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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