Luxembourg: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Luxembourg

In 2022, after three years of decline, there was significant growth in the Luxembourg phosphatic fertilizer market, when its value increased by X% to $X. Over the period under review, consumption enjoyed a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Phosphatic Fertilizer Production in Luxembourg

In value terms, phosphatic fertilizer production surged to $X in 2022 estimated in export price. Overall, production saw prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Phosphatic Fertilizer Exports

Exports from Luxembourg

In 2022, exports of phosphatic fertilizers from Luxembourg expanded slightly to X tons, growing by X% on the previous year's figure. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, phosphatic fertilizer exports dropped to $X in 2022. In general, exports, however, showed a noticeable decrease. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for phosphatic fertilizer exports from Luxembourg, accounting for a X% share of total exports. It was followed by Germany (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

In value terms, France ($X) remains the key foreign market for phosphatic fertilizers exports from Luxembourg, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

The average phosphatic fertilizer export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Belgium (X%), while the prices for the other major destinations experienced a decline.

Phosphatic Fertilizer Imports

Imports into Luxembourg

In 2022, supplies from abroad of phosphatic fertilizers increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports saw buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer imports soared to $X in 2022. In general, imports enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), France (X tons) and Germany (X tons) were the main suppliers of phosphatic fertilizer imports to Luxembourg, with a combined X% share of total imports.

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

In value terms, the largest phosphatic fertilizer suppliers to Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined X% share of total imports.

Belgium, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphatic fertilizer import price stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform