Europe: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Europe

In 2022, the Europe NPK fertilizer market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Npk Fertilizer Production in Europe

In value terms, NPK fertilizer production soared 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 remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the near future.

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Npk Fertilizer Exports

Exports in Europe

In 2022, shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, NPK fertilizer exports surged to $X in 2022. Total exports indicated a resilient 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) was the largest exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, committing X% of total exports. Norway (X tons) held the second position in the ranking, distantly followed by Belgium (X tons) and Belarus (X tons). All these countries together held approx. X% share of total exports. The following exporters - Finland (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons), Germany (X tons), Lithuania (X tons) and Serbia (X tons) - together made up X% of total exports.

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

In value terms, Russia ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Belgium, the Netherlands, Belarus, Spain, Poland, Germany, Serbia and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Serbia, with a CAGR of X%, saw 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 Europe amounted to $X per ton, jumping by X% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price 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, NPK fertilizer export price increased by X% against 2020 indices. As a result, the export price reached 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 Finland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Npk Fertilizer Imports

Imports in Europe

In 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, NPK fertilizer imports rose notably to $X in 2022. Total imports indicated measured growth 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Spain (X tons), Romania (X tons), Ireland (X tons), Poland (X tons), Germany (X tons), Ukraine (X tons), France (X tons), the UK (X tons), Lithuania (X tons), Hungary (X tons), Belgium (X tons) and Sweden (X tons) represented the largest importer of mixed nitrogen, phosphorus and potassium (NPK) fertilizers in Europe, committing X% of total import. Serbia (X tons) took a relatively small share of total imports.

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

In value terms, Spain ($X), Romania ($X) and Poland ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price 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, NPK fertilizer import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Poland ($X per ton) and Ukraine ($X per ton), while Ireland ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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