United Kingdom: Fertilizer Market 2023

Fertilizer Market Size in the UK

After two years of decline, the UK fertilizer market increased by 19% to $X in 2021. Overall, consumption showed a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Fertilizer Production in the UK

In value terms, fertilizer production rose slightly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt descent. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Fertilizer Exports

Exports from the UK

After four years of growth, overseas shipments of fertilizers decreased by -2% to X tons in 2021. Overall, exports, however, posted significant growth. The growth pace was the most rapid in 2017 with an increase of 55% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped slightly in the following year.

In value terms, fertilizer exports soared to $X in 2021. In general, exports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 30%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Ireland (X tons) and Brazil (X tons) were the main destinations of fertilizer exports from the UK, with a combined 27% share of total exports. These countries were followed by Poland, France, Spain, China, Estonia, Latvia, India, Belgium, Morocco and Germany, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +310.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fertilizer exported from the UK were Ireland ($X), the Netherlands ($X) and Brazil ($X), with a combined 21% share of total exports. Poland, Spain, France, India, Germany, China, Morocco, Latvia, Estonia and Belgium lagged somewhat behind, together accounting for a further 18%.

Latvia, with a CAGR of +286.2%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average fertilizer export price amounted to $X per ton, with an increase of 21% against the previous year. Overall, the export price, however, saw a deep setback. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (-2.5%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into the UK

Fertilizer imports into the UK dropped to X tons in 2021, declining by -12.9% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 16% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, fertilizer imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Belgium (X tons) and Germany (X tons) were the main suppliers of fertilizer imports to the UK, together comprising 21% of total imports. These countries were followed by Russia, Norway, Lithuania, France, Spain, Egypt, Poland and Morocco, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +12.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Russia ($X) and Belgium ($X) were the largest fertilizer suppliers to the UK, with a combined 20% share of total imports. Germany, Egypt, Norway, Lithuania, France, Poland, Spain and Morocco lagged somewhat behind, together accounting for a further 25%.

France, with a CAGR of +8.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2021, growing by 57% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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