Benelux: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Benelux

The Benelux NPK fertilizer market surged to $X in 2023, with an increase of X% against the previous year. Overall, consumption recorded a perceptible decline. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Npk Fertilizer Production in Benelux

In value terms, NPK fertilizer production totaled $X in 2023 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; afterwards, it flattened through to 2023.

Npk Fertilizer Exports

Exports in Benelux

In 2023, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers exported in Benelux fell to X tons, dropping by X% compared with 2022. In general, exports saw a pronounced decline. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, NPK fertilizer exports dropped remarkably to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Belgium represented the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by the Netherlands (X tons), achieving a X% share of total exports.

Belgium was also the fastest-growing in terms of the mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports, with a CAGR of X% from 2012 to 2023. The Netherlands (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium increased by X percentage points.

In value terms, Belgium ($X) remains the largest NPK fertilizer supplier in Benelux, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports.

In Belgium, NPK fertilizer exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a tangible increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, NPK fertilizer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Npk Fertilizer Imports

Imports in Benelux

In 2023, purchases abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, NPK fertilizer imports shrank sharply to $X in 2023. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Belgium (X tons) and the Netherlands (X tons) dominates imports structure, together committing X% of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Luxembourg (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest NPK fertilizer importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

In terms of the main importing countries, Luxembourg, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, remaining constant against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, NPK fertilizer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined slightly in the following year.

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

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

Source: IndexBox Platform