Global Nitrogen Market 2024

Nitrogen Market Size

In 2022, the global nitrogen market increased by X% to $X, rising for the third consecutive year 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 indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Nitrogen Production

In value terms, nitrogen production rose slightly 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 in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. Global production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Nitrogen Exports

Exports

In 2022, after ten years of growth, there was decline in overseas shipments of nitrogen, when their volume decreased by X% to X cubic meters. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume 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 2012 indices. The growth pace was the most rapid in 2016 when exports increased by X%. The global exports peaked at X cubic meters in 2021, and then declined modestly in the following year.

In value terms, nitrogen exports reached $X in 2022. The total export 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 recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The global exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Belgium represented the major exporter of nitrogen in the world, with the volume of exports amounting to X cubic meters, which was approx. X% of total exports in 2022. Germany (X cubic meters) ranks second in terms of the total exports with a X% share, followed by the United States (X%) and France (X%). Poland (X cubic meters), Kuwait (X cubic meters), the Czech Republic (X cubic meters), Italy (X cubic meters), Singapore (X cubic meters), Malaysia (X cubic meters), the United Arab Emirates (X cubic meters), Sweden (X cubic meters) and Serbia (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nitrogen exports from Belgium stood at X%. At the same time, Malaysia (X%), Kuwait (X%), the United Arab Emirates (X%), Italy (X%), the United States (X%), Sweden (X%), Germany (X%), Serbia (X%) and France (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium, Kuwait and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. France, Kuwait, Singapore, Poland, the Czech Republic, Malaysia, Italy, Serbia, Sweden and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nitrogen export price amounted to $X per cubic meter, picking up by X% against the previous year. Overall, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per cubic meter in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per cubic meter), while Belgium ($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 Singapore (X%), while the other global leaders experienced more modest paces of growth.

Nitrogen Imports

Imports

Global nitrogen imports fell to X cubic meters in 2022, waning by X% against the previous year. Overall, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, global imports hit record highs at X cubic meters in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, nitrogen imports contracted slightly to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X cubic meters), distantly followed by Germany (X cubic meters) and Canada (X cubic meters) represented the key importers of nitrogen, together achieving X% of total imports. Belgium (X cubic meters), Slovakia (X cubic meters), Singapore (X cubic meters), Malaysia (X cubic meters), the Czech Republic (X cubic meters), Hungary (X cubic meters), France (X cubic meters), Slovenia (X cubic meters), the United States (X cubic meters) and Luxembourg (X cubic meters) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported nitrogen worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with an X% share of global imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average nitrogen import price amounted to $X per cubic meter, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per cubic meter. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($X per cubic meter), while the United States ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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