Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belgium - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (CIF) - 2023
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $551 per ton in 2022, jumping by 52% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. Over the period under review, the average export prices reached the peak figure at $1,078 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($823 per ton), while the average price for exports to Mexico ($153 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 Denmark (-3.3%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $249 per ton in June 2023, increasing by 2% against the previous month. Over the period under review, the import price, however, saw a abrupt decrease. The most prominent rate of growth was recorded in August 2022 an increase of 18% m-o-m. Over the period under review, average import prices attained the maximum at $632 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($10,186 per ton), while the price for the Netherlands ($191 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium
In 2022, approx. 4.9M tons of fertilizers; mineral or chemical, nitrogenoi were exported from Belgium; growing by 52% compared with the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.7% 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 +54.4% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $2.7B in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 233 | 301 | 355 | 762 | 48.4% |
| Germany | 87.3 | 111 | 123 | 448 | 72.5% |
| Netherlands | 79.6 | 93.7 | 132 | 233 | 43.0% |
| United Kingdom | 59.6 | 87.5 | 104 | 231 | 57.1% |
| United States | 15.5 | 28.0 | 60.9 | 148 | 112.2% |
| Ireland | 18.6 | 47.0 | 51.9 | 107 | 79.2% |
| Mexico | 16.4 | 6.0 | 28.3 | 94.0 | 79.0% |
| Spain | 21.9 | 33.3 | 45.1 | 93.5 | 62.2% |
| Denmark | 1.3 | 9.2 | 9.8 | 84.9 | 302.7% |
| Norway | 12.1 | 12.2 | 21.3 | 57.6 | 68.2% |
| Brazil | 50.2 | 49.5 | 71.4 | 49.3 | -0.6% |
| Turkey | 3.1 | 4.6 | 19.9 | 29.8 | 112.6% |
| Others | 72.9 | 87.3 | 150 | 363 | 70.8% |
| Total | 672 | 870 | 1,173 | 2,702 | 59.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Belgium in 2022:
- France (1106.4K tons)
- Germany (627.1K tons)
- Mexico (613.6K tons)
- Netherlands (354.1K tons)
- United Kingdom (342.5K tons)
- Brazil (303.2K tons)
- Norway (252.7K tons)
- United States (229.7K tons)
- Spain (152.8K tons)
- Ireland (132.3K tons)
- Denmark (103.2K tons)
- Turkey (87.5K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, which increased by 76% to 4.2M tons in 2022. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $2.1B in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 135 | 279 | 451 | 942 | 91.1% |
| Russia | 6.9 | 7.0 | 13.6 | 252 | 231.8% |
| United States | 5.8 | 2.6 | 3.5 | 143 | 191.1% |
| Algeria | 4.1 | 10.8 | 44.3 | 139 | 223.7% |
| Germany | 32.1 | 31.6 | 30.8 | 129 | 59.0% |
| Trinidad and Tobago | 3.3 | 13.9 | 10.2 | 120 | 231.3% |
| Lithuania | 34.9 | 38.9 | 78.2 | 87.4 | 35.8% |
| France | 28.5 | 35.8 | 96.0 | 80.5 | 41.4% |
| Others | 50.1 | 61.3 | 51.9 | 239 | 68.3% |
| Total | 301 | 481 | 780 | 2,131 | 92.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Belgium in 2022:
- Netherlands (1967.9K tons)
- Trinidad and Tobago (445.0K tons)
- Russia (379.6K tons)
- Lithuania (345.8K tons)
- Germany (236.4K tons)
- United States (212.8K tons)
- Algeria (161.0K tons)
- France (100.3K tons)
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