Netherlands: Potassium Nitrate Market 2024

Potassium Nitrate Market Size in the Netherlands

The Dutch potassium nitrate market fell to $X in 2022, with a decrease of -13.9% 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). The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Potassium nitrate consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Potassium Nitrate Exports

Exports from the Netherlands

In 2022, overseas shipments of potassium nitrates decreased by -0.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of 752%. The exports peaked at X tons in 2021, and then declined slightly in the following year.

In value terms, potassium nitrate exports surged to $X in 2022. Over the period under review, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 623%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons), Germany (X tons) and Australia (X tons) were the main destinations of potassium nitrate exports from the Netherlands, together comprising 33% of total exports. Morocco, Poland, Israel, Kenya, the UK, India, Greece, Saudi Arabia, Malaysia and France lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Kenya (with a CAGR of +249.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for potassium nitrate exported from the Netherlands were Belgium ($X), Germany ($X) and Australia ($X), together comprising 34% of total exports. Morocco, Poland, Israel, Kenya, India, the UK, Greece, Saudi Arabia, Malaysia and France lagged somewhat behind, together comprising a further 44%.

India, with a CAGR of +203.9%, saw the highest growth rate of the value of exports, in terms of 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 potassium nitrate export price stood at $X per ton in 2022, rising by 42% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($X per ton) and Greece ($X per ton), while the average price for exports to Kenya ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Potassium Nitrate Imports

Imports into the Netherlands

In 2022, potassium nitrate imports into the Netherlands dropped markedly to X tons, with a decrease of -16% on the year before. Overall, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 82% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, potassium nitrate imports soared to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 74%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Chile (X tons) constituted the largest potassium nitrate supplier to the Netherlands, with a 67% share of total imports. Moreover, potassium nitrate imports from Chile exceeded the figures recorded by the second-largest supplier, Israel (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from Chile totaled +57.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (-0.4% per year) and Belgium (-5.9% per year).

In value terms, Chile ($X) constituted the largest supplier of potassium nitrates to the Netherlands, comprising 65% of total imports. The second position in the ranking was taken by Israel ($X), with a 22% share of total imports. It was followed by Belgium, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Chile stood at +61.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+3.1% per year) and Belgium (-6.6% per year).

Import Prices by Country

The average potassium nitrate import price stood at $X per ton in 2022, surging by 78% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Israel ($X per ton) and Chile ($X per ton), while the price for Denmark ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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