Europe: Nitrates Market 2024

Nitrates Market Size in Europe

The Europe nitrates market expanded significantly to $X in 2022, rising by X% against the previous year. The total consumption indicated a measured expansion 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, consumption increased by X% against 2013 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Nitrates Production in Europe

In value terms, nitrates production amounted to $X in 2022 estimated in export price. The total production indicated a notable expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Nitrates Exports

Exports in Europe

In 2022, after seven years of growth, there was significant decline in shipments abroad of nitrates (excluding those of potassium), when their volume decreased by X% to X tons. Total exports indicated moderate growth 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. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, nitrates exports expanded remarkably to $X in 2022. Total exports indicated a noticeable expansion 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Norway prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Poland (X tons) took the second position in the ranking, followed by the Netherlands (X tons) and Russia (X tons). All these countries together took approx. X% share of total exports. Spain (X tons), Belgium (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nitrates exports from Norway stood at X%. At the same time, Russia (X%), Poland (X%), Germany (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. The Netherlands experienced a relatively flat trend pattern. By contrast, Spain (X%) illustrated a downward trend over the same period. Norway (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands and Spain saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest nitrates supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway amounted to X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Norway ($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 Europe

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 temperate increase 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 pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, nitrates imports surged to $X in 2022. Total imports indicated a tangible expansion 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrates importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), together comprising X% of total imports.

The Netherlands, with a CAGR of X%, recorded 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

In 2022, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the peak figure 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 more modest paces of growth.

Source: IndexBox Platform

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