EU: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in the EU

After two years of growth, the EU nitrogenous fertilizer market decreased by X% to $X in 2023. The total consumption indicated moderate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Nitrogenous Fertilizer Production in the EU

In value terms, nitrogenous fertilizer production contracted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, production reached the peak level of $X, and then dropped in the following year.

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Nitrogenous Fertilizer Exports

Exports in the EU

In 2023, shipments abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons, falling for the third consecutive year after two years of growth. In general, exports showed a mild setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports fell rapidly to $X in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The Netherlands (X tons) and Belgium (X tons) represented the main exporters of nitrogenous fertilizers (mineral or chemical) in 2023, accounting for near X% and X% of total exports, respectively. Germany (X tons) held the next position in the ranking, followed by Poland (X tons), Lithuania (X tons), Spain (X tons) and Slovakia (X tons). All these countries together took near X% share of total exports. The following exporters - France (X tons), Hungary (X tons), Bulgaria (X tons), the Czech Republic (X tons), Italy (X tons) and Austria (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer supplying countries in the European Union were the Netherlands ($X), Belgium ($X) and Germany ($X), with a combined X% share of total exports. Poland, Lithuania, Slovakia, Spain, France, Bulgaria, Hungary, the Czech Republic, Italy and Austria lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Bulgaria, 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

The export price in the European Union stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and Poland ($X per ton), while Belgium ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Nitrogenous Fertilizer Imports

Imports in the EU

In 2023, imports of nitrogenous fertilizers (mineral or chemical) in the European Union fell to X tons, shrinking by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2022, and then dropped in the following year.

In value terms, nitrogenous fertilizer imports fell markedly to $X in 2023. Overall, imports, however, showed noticeable growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2023, France (X tons), followed by Germany (X tons), Belgium (X tons), Poland (X tons), Italy (X tons), Spain (X tons) and Romania (X tons) represented the key importers of nitrogenous fertilizers (mineral or chemical), together mixing up X% of total imports. The Netherlands (X tons), Hungary (X tons), Sweden (X tons), the Czech Republic (X tons), Denmark (X tons) and Lithuania (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer importing markets in the European Union were France ($X), Germany ($X) and Belgium ($X), together comprising X% of total imports. Italy, Poland, Romania, Spain, the Netherlands, the Czech Republic, Lithuania, Sweden, Hungary and Denmark lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in the European Union stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Belgium ($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 other leaders experienced more modest paces of growth.

Source: IndexBox Platform