Netherlands: Ammonium Nitrate Market 2024

Ammonium Nitrate Market Size in the Netherlands

The Dutch ammonium nitrate market rose notably to $X in 2021, with an increase of 8.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a strong expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Ammonium Nitrate Exports

Exports from the Netherlands

Ammonium nitrate exports from the Netherlands declined markedly to X tons in 2021, falling by -22.1% compared with the previous year. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 1,934%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, ammonium nitrate exports contracted markedly to $X in 2021. Overall, exports, however, recorded a slight increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,029% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for ammonium nitrate exports from the Netherlands, with a 45% share of total exports. Moreover, ammonium nitrate exports to Belgium exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Oman (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium stood at -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+155.5% per year) and Oman (+9.1% per year).

In value terms, Belgium ($X), the United States ($X) and Sweden ($X) constituted the largest markets for ammonium nitrate exported from the Netherlands worldwide, together comprising 69% of total exports.

Among the main countries of destination, Sweden, with a CAGR of +151.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium nitrate export price stood at $X per ton in 2021, surging by 7% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2015 an increase of 105% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+38.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Nitrate Imports

Imports into the Netherlands

In 2021, approx. X tons of ammonium nitrate were imported into the Netherlands; increasing by 9.7% against 2020 figures. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2013 when imports increased by 98% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, ammonium nitrate imports stood at $X in 2021. Over the period under review, imports showed moderate growth. The pace of growth was the most pronounced in 2013 with an increase of 65% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of ammonium nitrate to the Netherlands, with a 64% share of total imports. Moreover, ammonium nitrate imports from France exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by Italy (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.3% per year) and Italy (+2.8% per year).

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest ammonium nitrate suppliers to the Netherlands, together accounting for 96% of total imports.

Germany, with a CAGR of +24.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ammonium nitrate import price amounted to $X per ton, which is down by -5.8% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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