Austria: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Austria

The Austrian nitrogenous fertilizer market expanded to $X in 2023, growing by X% against the previous year. Overall, consumption continues to indicate a resilient expansion. Over the period under review, the market attained the maximum level in 2023 and is expected to retain growth in years to come.

Nitrogenous Fertilizer Production in Austria

In value terms, nitrogenous fertilizer production fell modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from Austria

Nitrogenous fertilizer exports from Austria contracted dramatically to X tons in 2023, shrinking by X% on the year before. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports dropped dramatically to $X in 2023. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Germany (X tons) was the main destination for nitrogenous fertilizer exports from Austria, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), fivefold. Serbia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Serbia (X% per year).

In value terms, Germany ($X) remains the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Austria, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total exports. It was followed by Serbia, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Serbia (X% per year).

Export Prices by Country

In 2023, the average nitrogenous fertilizer export price amounted to $X per ton, reducing by X% against the previous year. In general, the export price, however, posted a mild increase. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then fell rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into Austria

Nitrogenous fertilizer imports into Austria fell dramatically to X tons in 2023, shrinking by X% on the previous year. Overall, imports showed a perceptible downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports shrank remarkably to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Germany (X tons), Slovakia (X tons) and Hungary (X tons) were the main suppliers of nitrogenous fertilizer imports to Austria, together accounting for X% of total imports. Poland, Italy, Lithuania, the Czech Republic and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Austria, comprising X% of total imports. The second position in the ranking was taken by Slovakia ($X), with an X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Poland (X% per year).

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the import price, however, posted a moderate expansion. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform