Overview of the Global Market for Animal Or Vegetable Fertilisers

Market Size for Animal Or Vegetable Fertilisers

The global animal or vegetable fertilisers market contracted modestly to $X in 2022, leveling off at the previous year. In general, the total consumption indicated a pronounced expansion 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 decreased by X% against 2019 indices. Over the period under review, the global market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Animal Or Vegetable Fertilisers

In value terms, animal or vegetable fertilisers production dropped slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable 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, production decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports

For the fourth year in a row, the global market recorded growth in shipments abroad of animal or vegetable fertilisers, which increased by X% to X tons in 2022. The total export 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers exports rose to $X in 2022. In general, total exports indicated a pronounced expansion 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, exports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) were the major exporters of animal or vegetable fertilisers in 2022, recording approx. X% and X% of total exports, respectively. The United States (X tons) ranks next in terms of the total exports with an X% share, followed by Japan (X%). Spain (X tons), Italy (X tons) and China (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Japan (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest animal or vegetable fertilisers supplying countries worldwide were the Netherlands ($X), Italy ($X) and Belgium ($X), together accounting for X% of global exports. Spain, the United States, China and Japan lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The global export price peaked at $X per ton in 2021, and then fell modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Imports of Animal Or Vegetable Fertilisers

Imports

In 2022, the amount of animal or vegetable fertilisers imported worldwide expanded slightly to X tons, surging by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, animal or vegetable fertilisers imports stood at $X in 2022. In general, total imports indicated a remarkable 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, imports increased by X% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X tons), distantly followed by Vietnam (X tons), Belgium (X tons) and the Netherlands (X tons) represented the largest importers of animal or vegetable fertilisers, together achieving X% of total imports. Spain (X tons), Germany (X tons), Portugal (X tons), Cambodia (X tons), the UK (X tons), Poland (X tons), Italy (X tons), the United States (X tons) and Austria (X tons) followed a long way behind the leaders.

Imports into France increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Vietnam (X%), Spain (X%), Cambodia (X%), Portugal (X%) and Austria (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany and Belgium experienced a relatively flat trend pattern. By contrast, the United States (X%), Italy (X%), the UK (X%) and the Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, France and Poland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X), Vietnam ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Spain, Italy, the Netherlands, Portugal, Germany, the UK, Poland, Austria, Belgium and Cambodia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average animal or vegetable fertilisers import price amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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