Belgium - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMixed Fertilizer Price in Belgium - 2023
Contents:
- Mixed Fertilizer Price in Belgium (FOB) - 2023
- Mixed Fertilizer Price in Belgium (CIF) - 2023
- Mixed Fertilizer Exports in Belgium
- Mixed Fertilizer Imports in Belgium
Mixed Fertilizer Price in Belgium (FOB) - 2023
The average mixed fertilizer export price stood at $729 per ton in June 2023, with an increase of 9.4% against the previous month. In general, the export price, however, saw a mild setback. The pace of growth appeared the most rapid in November 2022 when the average export price increased by 12% m-o-m. As a result, the export price reached the peak level of $853 per ton. From December 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Italy ($1,800 per ton), while the average price for exports to Myanmar ($444 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.
Mixed Fertilizer Price in Belgium (CIF) - 2023
The average mixed fertilizer import price stood at $493 per ton in June 2023, with a decrease of -22.3% against the previous month. Over the period under review, the import price saw a abrupt decline. The pace of growth appeared the most rapid in November 2022 an increase of 54% against the previous month. The import price peaked at $925 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($645 per ton), while the price for Russia ($374 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+1.0%), while the prices for the other major suppliers experienced a decline.
Mixed Fertilizer Exports in Belgium
In 2022, overseas shipments of mixed fertilizers decreased by -13.2% to 1.5M tons, falling for the second year in a row after two years of growth. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 15%. As a result, the exports attained the peak of 2.3M tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mixed fertilizer exports surged to $1.1B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Mixed Fertilizer in Belgium (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 143 | 161 | 176 | 217 | 14.9% |
Spain | 90.9 | 84.0 | 46.4 | 200 | 30.1% |
Netherlands | 54.7 | 85.1 | 113 | 104 | 23.9% |
Germany | 75.4 | 66.5 | 96.0 | 97.9 | 9.1% |
China | 120 | 104 | 87.5 | 65.6 | -18.2% |
Mexico | 19.5 | 20.4 | 27.0 | 47.6 | 34.6% |
Italy | 34.6 | 52.9 | 42.0 | 27.7 | -7.1% |
Gabon | 7.9 | 4.6 | 8.5 | 27.2 | 51.0% |
Greece | 14.5 | 13.6 | 8.6 | 25.1 | 20.1% |
Malaysia | 12.0 | 21.0 | 33.6 | 22.0 | 22.4% |
Thailand | 10.2 | 8.7 | 10.6 | 19.8 | 24.7% |
Brazil | 1.7 | 2.1 | 2.8 | 19.6 | 125.9% |
Ghana | 0.7 | 13.3 | 12.7 | 18.1 | 195.7% |
Others | 168 | 168 | 179 | 203 | 6.5% |
Total | 753 | 805 | 844 | 1,095 | 13.3% |
Top Export Markets for Mixed Fertilizer from Belgium in 2022:
- France (340.7K tons)
- Spain (273.9K tons)
- Netherlands (171.6K tons)
- Germany (136.9K tons)
- China (86.8K tons)
- Mexico (68.3K tons)
- Greece (33.7K tons)
- Brazil (32.7K tons)
- Gabon (32.7K tons)
- Italy (32.5K tons)
- Ghana (32.3K tons)
- Malaysia (31.8K tons)
- Thailand (29.9K tons)
Mixed Fertilizer Imports in Belgium
After three years of growth, overseas purchases of mixed fertilizers decreased by -29.8% to 361K tons in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 29%.
In value terms, mixed fertilizer imports shrank to $239M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $246M, and then fell in the following year.
Import of Mixed Fertilizer in Belgium (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Russia | 24.1 | 16.0 | 52.7 | 91.7 | 56.1% |
Germany | 43.0 | 50.6 | 66.1 | 59.6 | 11.5% |
Netherlands | 33.4 | 35.9 | 41.0 | 41.2 | 7.2% |
Morocco | 10.2 | 42.2 | 59.8 | 17.8 | 20.4% |
China | 4.2 | 5.1 | 6.0 | 11.6 | 40.3% |
France | 2.5 | 3.5 | 9.3 | 6.6 | 38.2% |
Lithuania | 17.3 | 12.2 | 0.4 | 0.1 | -82.1% |
Others | 14.2 | 8.7 | 10.5 | 10.6 | -9.3% |
Total | 149 | 174 | 246 | 239 | 17.1% |
Top Suppliers of Mixed Fertilizer to Belgium in 2022:
- Russia (156.8K tons)
- Netherlands (81.8K tons)
- Germany (76.4K tons)
- Morocco (15.4K tons)
- China (14.1K tons)
- France (8.4K tons)
- Lithuania (0.1K tons)
This report provides an in-depth analysis of the mixed fertilizer market in Belgium. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20157130 -
- Prodcom 20157180 -
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
- Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
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Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.