United Kingdom: Nitrogen Market 2024

Nitrogen Market Size in the UK

The UK nitrogen market reached $X in 2022, surging by X% against the previous year. Overall, consumption showed modest growth. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Nitrogen Production in the UK

In value terms, nitrogen production expanded rapidly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Nitrogen Exports

Exports from the UK

In 2022, approx. X cubic meters of nitrogen were exported from the UK; picking up by X% against 2021 figures. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum at X cubic meters in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, nitrogen exports declined to $X in 2022. Over the period under review, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X cubic meters), Denmark (X cubic meters) and Poland (X cubic meters) were the main destinations of nitrogen exports from the UK, together accounting for X% of total exports. France, the Netherlands, Germany, Italy, Trinidad and Tobago, Angola and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X) remains the key foreign market for nitrogen exports from the UK, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Denmark, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Denmark (X% per year).

Export Prices by Country

In 2022, the average nitrogen export price amounted to $X per cubic meter, waning by X% against the previous year. In general, the export price, however, showed a notable increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per cubic meter in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per cubic meter), while the average price for exports to Poland (less than $X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogen Imports

Imports into the UK

In 2022, the amount of nitrogen imported into the UK dropped significantly to X cubic meters, with a decrease of X% on the previous year's figure. Over the period under review, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X cubic meters in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, nitrogen imports surged to $X in 2022. In general, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X cubic meters) constituted the largest nitrogen supplier to the UK, with a X% share of total imports. Moreover, nitrogen imports from Ireland exceeded the figures recorded by the second-largest supplier, France (X cubic meters), ninefold. The third position in this ranking was taken by the Netherlands (X cubic meters), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and the Netherlands (X% per year).

In value terms, the largest nitrogen suppliers to the UK were Ireland ($X), the United States ($X) and the Netherlands ($X), together comprising X% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average nitrogen import price stood at $X per cubic meter in 2022, with an increase of X% against the previous year. In general, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per cubic meter), while the price for Ireland ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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