Europe: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Europe

The Europe animal or vegetable fertilisers market declined to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Europe

In value terms, animal or vegetable fertilisers production declined to $X in 2023 estimated in export price. The total production indicated tangible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Animal Or Vegetable Fertilisers

Exports in Europe

In 2023, overseas shipments of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then declined modestly in the following year.

In value terms, animal or vegetable fertilisers exports expanded slightly to $X in 2023. Total exports indicated a pronounced expansion 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2023 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) dominates exports structure, together committing X% of total exports. The following exporters - Italy (X tons), Spain (X tons), Germany (X tons) and Switzerland (X tons) - together made up X% of total exports.

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

In value terms, the Netherlands ($X), Belgium ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Spain, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

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

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

Imports of Animal Or Vegetable Fertilisers

Imports in Europe

After six years of growth, supplies from abroad of animal or vegetable fertilisers decreased by X% to X tons in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, animal or vegetable fertilisers imports contracted to $X in 2023. Total imports indicated a buoyant increase 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then dropped in the following year.

Imports by Country

France was the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by Belgium (X tons), Poland (X tons) and the Netherlands (X tons), together comprising a X% share of total imports. The following importers - Germany (X tons), Portugal (X tons), Spain (X tons), Italy (X tons), the UK (X tons), Ireland (X tons), the Czech Republic (X tons) and Austria (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to animal or vegetable fertilisers imports into France stood at X%. At the same time, Poland (X%), the Czech Republic (X%), Ireland (X%), Spain (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Austria, Belgium and Germany experienced a relatively flat trend pattern. By contrast, Italy (X%), the UK (X%) and the Netherlands (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Poland (X p.p.) and Ireland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belgium (X p.p.), Italy (X p.p.), the UK (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest animal or vegetable fertilisers importing markets in Europe were France ($X), Spain ($X) and Italy ($X), together comprising X% of total imports. Portugal, the Netherlands, Germany, Poland, the UK, Belgium, Austria, Ireland and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 Europe stood at $X per ton in 2023, waning by X% against the previous year. Import price indicated noticeable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted slightly in the following year.

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

Source: IndexBox Platform