Luxembourg: Urea Market 2023

Urea Market Size in Luxembourg

The Luxembourg urea market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Urea Exports

Exports from Luxembourg

Urea exports from Luxembourg surged to X tons in 2021, with an increase of 106% against the year before. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, urea exports surged to $X in 2021. Over the period under review, exports showed modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for urea exports from Luxembourg, with a 86% share of total exports. Moreover, urea exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), eightfold. The third position in this ranking was taken by France (X tons), with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at +91.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-20.8% per year) and France (-14.2% per year).

In value terms, Belgium ($X) remains the key foreign market for urea exports from Luxembourg, comprising 86% of total exports. The second position in the ranking was held by Germany ($X), with an 11% share of total exports. It was followed by France, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium amounted to +95.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-19.4% per year) and France (-12.2% per year).

Export Prices by Country

In 2021, the average urea export price amounted to $X per ton, rising by 2.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

Urea Imports

Imports into Luxembourg

In 2021, purchases abroad of urea was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, urea imports surged to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest urea supplier to Luxembourg, with a 51% share of total imports. Moreover, urea imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+23.1% per year) and Belgium (+1.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of urea to Luxembourg, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by Belgium, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+25.8% per year) and Belgium (+3.1% per year).

Import Prices by Country

The average urea import price stood at $X per ton in 2021, surging by 3.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Germany ($X per ton) and France ($X per ton), while the price for Belgium ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :