Netherlands: Nitrogen Market 2024

Nitrogen Market Size in the Netherlands

For the fifth consecutive year, the Dutch nitrogen market recorded growth in sales value, which increased by 277% to $X in 2021. Over the period under review, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Nitrogen Production in the Netherlands

In value terms, nitrogen production fell rapidly to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 431%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Nitrogen Exports

Exports from the Netherlands

In 2021, the amount of nitrogen exported from the Netherlands surged to X cubic meters, growing by 28% against the previous year's figure. Overall, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% 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 +103.2% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, nitrogen exports rose modestly to $X in 2021. In general, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.2% 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 +83.9% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 57%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X cubic meters) was the main destination for nitrogen exports from the Netherlands, accounting for a 86% share of total exports. Moreover, nitrogen exports to Belgium exceeded the volume sent to the second major destination, France (X cubic meters), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium amounted to +6.2%.

In value terms, Belgium ($X) remains the key foreign market for nitrogen exports from the Netherlands, comprising 73% of total exports. The second position in the ranking was taken by France ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest.

Export Prices by Country

The average nitrogen export price stood at $X per cubic meter in 2021, with a decrease of -18.8% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2019 an increase of 32% against the previous year. Over the period under review, the average export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Belgium ($X per cubic meter), while the average price for exports to France amounted to $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-6.6%).

Nitrogen Imports

Imports into the Netherlands

In 2021, supplies from abroad of nitrogen increased by 105% to X cubic meters, rising for the third consecutive year after four years of decline. In general, imports, however, showed a abrupt contraction. Over the period under review, imports hit record highs at X cubic meters in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, nitrogen imports soared to $X in 2021. Over the period under review, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Belgium (X cubic meters) was the main nitrogen supplier to the Netherlands, with a 91% share of total imports. Moreover, nitrogen imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X cubic meters), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled -5.5%.

In value terms, Belgium ($X) constituted the largest supplier of nitrogen to the Netherlands, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belgium totaled +1.7%.

Import Prices by Country

The average nitrogen import price stood at $X per cubic meter in 2021, reducing by -32.2% against the previous year. In general, the import price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 102%. Over the period under review, average import prices reached the peak figure at $X per cubic meter in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per cubic meter), while the price for Belgium stood at $X per cubic meter.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.7%).

Source: IndexBox Platform

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