United Kingdom: Fertilizer Market 2024

Fertilizer Market Size in the UK

In 2022, the UK fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in the UK

In value terms, fertilizer production shrank slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from the UK

In 2022, the amount of fertilizers exported from the UK soared to X tons, picking up by X% compared with 2021. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, fertilizer exports surged to $X in 2022. Overall, exports showed resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Brazil (X tons) and France (X tons) were the main destinations of fertilizer exports from the UK, together comprising X% of total exports. Ireland, Spain, Poland, the United States, Estonia, Belgium, China, Latvia, Germany and Norway lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for fertilizer exported from the UK were Brazil ($X), the Netherlands ($X) and Ireland ($X), with a combined X% share of total exports. France, Spain, the United States, Poland, Germany, China, Norway, Belgium, Estonia and Latvia lagged somewhat behind, together accounting for a further X%.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the average fertilizer export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt slump. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Latvia ($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 Ireland (X%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into the UK

In 2022, purchases abroad of fertilizers was finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports skyrocketed to $X in 2022. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Egypt (X tons) were the main suppliers of fertilizer imports to the UK, with a combined X% share of total imports. Spain, Russia, Lithuania, Belgium, Poland, France, Israel, the United States, Norway and Morocco lagged somewhat behind, together comprising a further X%.

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

In value terms, Egypt ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest fertilizer suppliers to the UK, with a combined X% share of total imports. Russia, Spain, Poland, Norway, Belgium, Lithuania, France, Israel, the United States and Morocco lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price continues to indicate notable growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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