Europe: Fertilizer Market 2024

Fertilizer Market Size in Europe

After two years of growth, the Europe fertilizer market decreased by X% to $X.4B in 2023. Overall, consumption continues to indicate a abrupt curtailment. As a result, consumption reached the peak level of $X.9B, and then dropped rapidly in the following year.

Fertilizer Production in Europe

In value terms, fertilizer production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Fertilizer Exports

Exports in Europe

In 2023, approx. X tons of fertilizers were exported in Europe; waning by X% on 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, fertilizer exports reduced markedly to $X in 2023. Over the period under review, exports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Russia was the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Belarus (X tons), the Netherlands (X tons) and Belgium (X tons), together achieving a X% share of total exports. The following exporters - Germany (X tons), Norway (X tons), Poland (X tons), Spain (X tons) and Lithuania (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to fertilizer exports from Russia stood at X%. At the same time, Belgium (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Spain, Germany and Norway experienced a relatively flat trend pattern. By contrast, Poland (X%), the Netherlands (X%) and Lithuania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Belgium and Belarus 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, Russia ($X) remains the largest fertilizer supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

In Russia, fertilizer exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Russia ($X per ton) and Poland ($X per ton), while Belarus ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Fertilizer Imports

Imports in Europe

In 2023, fertilizer imports in Europe contracted significantly to X tons, waning by X% compared with 2022 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, fertilizer imports dropped notably to $X in 2023. Over the period under review, imports, however, saw slight growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

The countries with the highest levels of fertilizer imports in 2023 were France (X tons), Belgium (X tons), Germany (X tons), Poland (X tons), the UK (X tons), Spain (X tons), Italy (X tons), Romania (X tons), Ukraine (X tons) and the Netherlands (X tons), together resulting at X% of total import. The following importers - Ireland (X tons), Hungary (X tons) and Lithuania (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer importing markets in Europe were France ($X), Germany ($X) and Belgium ($X), together accounting for X% of total imports. Poland, Spain, the UK, Italy, Ukraine, Romania, the Netherlands, Ireland, Lithuania and Hungary lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform