Europe: Nitrogen Market 2024

Nitrogen Market Size in Europe

In 2022, the Europe nitrogen market increased by X% to $X, rising for the third year in a row after three years of decline. In general, consumption posted a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Nitrogen Production in Europe

In value terms, nitrogen production surged to $X in 2022 estimated in export price. The total output 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. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Nitrogen Exports

Exports in Europe

After seven years of growth, shipments abroad of nitrogen decreased by X% to X cubic meters in 2022. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X cubic meters in 2021, and then contracted in the following year.

In value terms, nitrogen exports dropped slightly 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

Belgium represented the major exporting country with an export of around X cubic meters, which accounted for X% of total exports. Germany (X cubic meters) took the second position in the ranking, followed by France (X cubic meters), Poland (X cubic meters) and the Czech Republic (X cubic meters). All these countries together took approx. X% share of total exports. Italy (X cubic meters), Sweden (X cubic meters), Serbia (X cubic meters), Portugal (X cubic meters) and Ireland (X cubic meters) followed a long way behind the leaders.

Belgium was also the fastest-growing in terms of the nitrogen exports, with a CAGR of X% from 2012 to 2022. At the same time, Italy (X%), Portugal (X%), Sweden (X%), Germany (X%), Serbia (X%) and France (X%) displayed positive paces of growth. Ireland and Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nitrogen supplying countries in Europe were Belgium ($X), Germany ($X) and France ($X), together accounting for X% of total exports. Poland, the Czech Republic, Italy, Serbia, Sweden, Portugal and Ireland lagged somewhat behind, together accounting for a further X%.

Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The export price in Europe stood at $X per cubic meter in 2022, growing by X% against the previous year. Overall, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Portugal ($X per cubic meter), while Belgium ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced mixed trends in the export price figures.

Nitrogen Imports

Imports in Europe

Nitrogen imports declined to X cubic meters in 2022, with a decrease of X% against the year before. Over the period under review, imports showed a pronounced downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, nitrogen imports declined to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, the Netherlands (X cubic meters), distantly followed by Germany (X cubic meters), Belgium (X cubic meters), Slovakia (X cubic meters) and the Czech Republic (X cubic meters) represented the major importers of nitrogen, together constituting X% of total imports. Hungary (X cubic meters), France (X cubic meters), Slovenia (X cubic meters), Luxembourg (X cubic meters), Greece (X cubic meters), Denmark (X cubic meters), Poland (X cubic meters) and Austria (X cubic meters) held a little share of total imports.

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

In value terms, the Netherlands ($X) constitutes the largest market for imported nitrogen in Europe, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In the Netherlands, nitrogen imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

The import price in Europe stood at $X per cubic meter in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per cubic meter), while Slovakia ($X per cubic meter) 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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