EU: Fertilizer Market 2024

Fertilizer Market Size in the EU

In 2023, the EU fertilizer market decreased by X% to $X for the first time since 2016, thus ending a six-year rising trend. The total consumption indicated moderate growth from 2012 to 2023: its value 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. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Fertilizer Production in the EU

In value terms, fertilizer production shrank modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. The level of production peaked at $X in 2022, and then declined in the following year.

Fertilizer Exports

Exports in the EU

After two years of growth, shipments abroad of fertilizers decreased by X% to X tons in 2023. Overall, exports continue to indicate a pronounced slump. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, fertilizer exports declined dramatically to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Belgium (X tons) and the Netherlands (X tons) represented the main exporters of fertilizers in 2023, reaching near X% and X% of total exports, respectively. Germany (X tons) took the next position in the ranking, followed by Poland (X tons), Spain (X tons) and Lithuania (X tons). All these countries together took approx. X% share of total exports. Slovakia (X tons), France (X tons), Bulgaria (X tons), Italy (X tons), Greece (X tons), Hungary (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Greece (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Poland, Spain, Lithuania, Bulgaria, France, Slovakia, Italy, Greece, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, which is down by X% against the previous year. Export price indicated a moderate 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, fertilizer export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Italy ($X per ton) and Bulgaria ($X per ton), while Belgium ($X per ton) and the Netherlands ($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 the EU

In 2023, purchases abroad of fertilizers decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, fertilizer imports reduced rapidly to $X in 2023. In general, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

In 2023, France (X tons), followed by Germany (X tons), Belgium (X tons), Poland (X tons), Spain (X tons), Italy (X tons), Romania (X tons) and the Netherlands (X tons) were the largest importers of fertilizers, together generating X% of total imports. The following importers - Ireland (X tons), Hungary (X tons), Lithuania (X tons), Sweden (X tons) and Denmark (X tons) - each accounted for 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, France ($X), Germany ($X) and Belgium ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Poland, Spain, Italy, Romania, the Netherlands, Ireland, Lithuania, Sweden, Hungary and Denmark lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Romania, with a CAGR of X%, saw the highest growth rate of 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 import price in the European Union stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform