Spain - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Spain - 2023
Contents:
- NPK Fertilizer Price in Spain (CIF) - 2022
- NPK Fertilizer Price in Spain (FOB) - 2023
- NPK Fertilizer Imports in Spain
- NPK Fertilizer Exports in Spain
NPK Fertilizer Price in Spain (CIF) - 2022
In 2022, the average NPK fertilizer import price amounted to $720 per ton, surging by 62% against the previous year. Over the period under review, the import price showed notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,643 per ton), while the price for Portugal ($620 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 (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in Spain (FOB) - 2023
In August 2023, the average NPK fertilizer export price amounted to $550 per ton, waning by -4.5% against the previous month. Overall, the export price continues to indicate a slight curtailment. The growth pace was the most rapid in October 2022 when the average export price increased by 38% month-to-month. The export price peaked at $1,391 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($2,708 per ton), while the average price for exports to Portugal ($295 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in Spain
NPK fertilizer imports into Spain declined notably to 513K tons in 2022, waning by -34.8% compared with the year before. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year.
In value terms, NPK fertilizer imports expanded significantly to $370M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 62% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of NPK Fertilizer in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 73.2 | 52.4 | 98.3 | 115 | 16.3% |
Norway | 42.0 | 24.5 | 56.7 | 83.2 | 25.6% |
Portugal | 55.0 | 49.6 | 68.1 | 62.9 | 4.6% |
Russia | 36.9 | 19.4 | 28.6 | 26.0 | -11.0% |
Germany | 12.5 | 11.4 | 15.3 | 20.2 | 17.3% |
Morocco | 16.0 | 15.7 | 39.2 | 17.7 | 3.4% |
France | 8.9 | 8.6 | 8.3 | 15.3 | 19.8% |
Others | 25.8 | 34.1 | 34.8 | 29.6 | 4.7% |
Total | 270 | 216 | 349 | 370 | 11.1% |
Top Suppliers of NPK Fertilizer to Spain in 2022:
- Belgium (156.8K tons)
- Norway (121.8K tons)
- Portugal (101.3K tons)
- Russia (39.2K tons)
- Morocco (24.1K tons)
- Germany (22.7K tons)
- France (22.1K tons)
NPK Fertilizer Exports in Spain
In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -9.9% to 371K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32%. As a result, the exports reached the peak of 456K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, NPK fertilizer exports surged to $326M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.0% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of NPK Fertilizer in Spain (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Portugal | 54.1 | 55.1 | 78.4 | 122 | 31.1% |
Mexico | 11.7 | 13.0 | 10.2 | 22.2 | 23.8% |
France | 9.8 | 6.3 | 11.2 | 21.2 | 29.3% |
Brazil | 7.2 | 4.7 | 12.8 | 19.6 | 39.6% |
Turkey | 3.6 | 4.9 | 6.9 | 9.4 | 37.7% |
Algeria | 12.9 | 21.7 | 23.1 | 5.6 | -24.3% |
Ukraine | 3.4 | 3.2 | 4.1 | 5.6 | 18.1% |
Bulgaria | 1.2 | 0.9 | 3.3 | 5.2 | 63.0% |
Ghana | 6.0 | 19.3 | 0.2 | 1.2 | -41.5% |
Others | 68.0 | 65.9 | 85.6 | 114 | 18.8% |
Total | 178 | 195 | 236 | 326 | 22.3% |
Top Export Markets for NPK Fertilizer from Spain in 2022:
- Portugal (198.4K tons)
- France (28.8K tons)
- Brazil (21.9K tons)
- Mexico (19.1K tons)
- Algeria (13.0K tons)
- Ukraine (6.9K tons)
- Turkey (6.0K tons)
- Bulgaria (6.0K tons)
- Ghana (4.2K tons)
This report provides an in-depth analysis of the npk fertilizer market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4021 - NPK fertilizers
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the npk fertilizer market in Spain.
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This report provides an in-depth analysis of the global npk fertilizer market.
This report provides an in-depth analysis of the global mixed fertilizer market.
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Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
Discover the world's best import markets for mixed fertilizer and their key statistics. Gain insights into the demand and importance of fertilizers in global agriculture.
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Explore the top import markets for diammonium phosphate based on data from the IndexBox market intelligence platform. Discover the key statistics and numbers for countries like India, Bangladesh, Pakistan, Japan, and more.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.