EU: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in the EU

In 2022, the EU potassic fertilizer market increased by X% to $X, rising for the sixth consecutive year after four years of decline. In general, consumption, however, posted a temperate increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

Potassic Fertilizer Production in the EU

In value terms, potassic fertilizer production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Potassic Fertilizer Exports

Exports in the EU

In 2022, shipments abroad of potassic fertilizers increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports showed buoyant growth. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports saw a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany was the major exporter of potassic fertilizers in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2022. Spain (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Belgium (X%) and the Netherlands (X%). Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to potassic fertilizer exports from Germany stood at X%. At the same time, Sweden (X%), Belgium (X%) and Spain (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.), the Netherlands (X p.p.) and Spain (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) emerged as the largest potassic fertilizer supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Belgium, with an X% share.

In Germany, potassic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (X% per year) and Belgium (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price 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, potassic fertilizer export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($X per ton) and Belgium ($X per ton), while Spain ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports in the EU

In 2022, supplies from abroad of potassic fertilizers increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import volume 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 throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, potassic fertilizer imports surged to $X in 2022. Total imports indicated a slight expansion from 2012 to 2022: its value 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, imports increased by X% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), distantly followed by Poland (X tons), Finland (X tons), France (X tons), the Netherlands (X tons) and Italy (X tons) represented the largest importers of potassic fertilizers, together making up X% of total imports. Spain (X tons) took a little share of total imports.

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

In value terms, the largest potassic fertilizer importing markets in the European Union were Belgium ($X), Poland ($X) and France ($X), together accounting for X% of total imports. The Netherlands, Finland, Italy and Spain lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Finland, with a CAGR of X%, saw 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 import price in the European Union stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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