Netherlands: Nitrates Market 2025

Nitrates Market Size in the Netherlands

For the fourth consecutive year, the Dutch nitrates market recorded growth in sales value, which increased by 17% to $X in 2021. In general, consumption saw a remarkable increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Nitrates Production in the Netherlands

In value terms, nitrates production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +56.6% against 2015 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 29% against the previous year. Nitrates production peaked at $X in 2020, and then contracted in the following year.

Nitrates Exports

Exports from the Netherlands

In 2021, the amount of nitrates (excluding those of potassium) exported from the Netherlands fell to X tons, with a decrease of -2% against 2020. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrates exports rose markedly to $X in 2021. In general, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 47%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons), France (X tons) and Belgium (X tons) were the main destinations of nitrates exports from the Netherlands, with a combined 59% share of total exports. These countries were followed by Germany, the UK, Austria and Estonia, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +164.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Italy ($X) constituted the largest markets for nitrates exported from the Netherlands worldwide, with a combined 54% share of total exports. These countries were followed by Belgium, the UK, Austria and Estonia, which together accounted for a further 22%.

In terms of the main countries of destination, Estonia, with a CAGR of +135.9%, saw the highest rates of growth with regard to 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

In 2021, the average nitrates export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2015 an increase of 23%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Germany (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Nitrates Imports

Imports into the Netherlands

In 2021, the amount of nitrates (excluding those of potassium) imported into the Netherlands soared to X tons, increasing by 48% against the previous year. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 125%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, nitrates imports skyrocketed to $X in 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 464% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia (X tons), the UK (X tons) and Poland (X tons) were the main suppliers of nitrates imports to the Netherlands, together accounting for 72% of total imports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +149.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of nitrates (excluding those of potassium) to the Netherlands, comprising 53% of total imports. The second position in the ranking was held by Belgium ($X), with a 14% share of total imports. It was followed by Poland, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +137.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.7% per year) and Poland (+9.3% per year).

Import Prices by Country

The average nitrates import price stood at $X per ton in 2021, which is down by -16.9% against the previous year. Over the period under review, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2018 an increase of 151% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Russia ($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 (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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