EU: Nitrates Market 2024

Nitrates Market Size in the EU

The EU nitrates market was estimated at $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Nitrates Production in the EU

In value terms, nitrates production reached $X in 2022 estimated in export price. In general, production saw a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

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Nitrates Exports

Exports in the EU

After two years of growth, shipments abroad of nitrates (excluding those of potassium) decreased by X% to X tons in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, nitrates exports rose modestly to $X in 2022. The total export value 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 growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Poland (X tons) and the Netherlands (X tons) represented roughly X% of total exports in 2022. Spain (X tons) took the next position in the ranking, followed by Belgium (X tons) and Germany (X tons). All these countries together held near X% share of total exports. The following exporters - Denmark (X tons) and France (X tons) - each recorded a X% share of total exports.

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

In value terms, Belgium ($X), Poland ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Germany, the Netherlands, France and Denmark lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

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

Nitrates Imports

Imports in the EU

In 2022, supplies from abroad of nitrates (excluding those of potassium) increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, nitrates imports surged to $X in 2022. Total imports indicated a pronounced 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 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Belgium (X tons), Italy (X tons), Spain (X tons), the Netherlands (X tons) and Denmark (X tons) represented the key importers of nitrates (excluding those of potassium), together generating X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Netherlands ($X per ton), while France ($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 leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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