Greece - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Greece - 2023
Contents:
- NPK Fertilizer Price in Greece (CIF) - 2023
- NPK Fertilizer Price in Greece (FOB) - 2023
- NPK Fertilizer Imports in Greece
- NPK Fertilizer Exports in Greece
NPK Fertilizer Price in Greece (CIF) - 2023
The average NPK fertilizer import price stood at $1,107 per ton in August 2023, dropping by -32% against the previous month. Over the period under review, the import price, however, recorded a modest increase. The pace of growth was the most pronounced in July 2023 an increase of 73% against the previous month. As a result, import price attained the peak level of $1,628 per ton, and then plummeted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($2,434 per ton), while the price for Portugal ($454 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Russia (+1,113.1%), while the prices for the other major suppliers experienced a decline.
NPK Fertilizer Price in Greece (FOB) - 2023
In August 2023, the average NPK fertilizer export price amounted to $520 per ton, declining by -9.8% against the previous month. Over the period under review, the export price saw a pronounced decline. The pace of growth appeared the most rapid in November 2022 an increase of 23% against the previous month. As a result, the export price attained the peak level of $955 per ton. From December 2022 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was North Macedonia ($938 per ton), while the average price for exports to Ireland ($369 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in Greece
In 2022, approx. 117K tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported into Greece; falling by -21.8% against the year before. In general, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 9.7%. As a result, imports attained the peak of 150K tons, and then reduced sharply in the following year.
In value terms, NPK fertilizer imports soared to $91M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
Import of NPK Fertilizer in Greece (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 8.5 | 8.4 | 12.5 | 28.7 | 50.0% |
Belgium | 0.7 | 10.0 | 22.5 | 23.1 | 220.8% |
Italy | 13.8 | 8.1 | 8.0 | 14.1 | 0.7% |
Germany | 16.6 | 10.2 | 12.6 | 10.0 | -15.5% |
Poland | 2.0 | 1.4 | 3.8 | 4.5 | 31.0% |
Finland | 2.0 | 2.5 | 1.7 | 2.2 | 3.2% |
Netherlands | 2.1 | 3.7 | 4.4 | 1.9 | -3.3% |
Spain | 2.0 | 2.6 | 3.9 | 1.8 | -3.5% |
Serbia | 5.1 | 4.1 | 2.4 | 0.3 | -61.1% |
Russia | N/A | 2.2 | 3.7 | N/A | 68.2% |
Croatia | 2.0 | 1.1 | 0.2 | N/A | -68.4% |
Others | 3.4 | 3.7 | 2.4 | 3.8 | 3.8% |
Total | 58.3 | 58.0 | 78.2 | 90.5 | 15.8% |
Top Suppliers of NPK Fertilizer to Greece in 2022:
- Norway (40.3K tons)
- Belgium (31.3K tons)
- Italy (18.9K tons)
- Germany (10.3K tons)
- Poland (6.7K tons)
- Finland (3.5K tons)
- Netherlands (2.1K tons)
- Spain (1.5K tons)
- Serbia (0.5K tons)
- Russia (0.1K tons)
NPK Fertilizer Exports in Greece
In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers exported from Greece fell markedly to 80K tons, which is down by -24.6% against the previous year's figure. Overall, exports faced a deep contraction. The smallest decline of -1.4% was in 2020.
In value terms, NPK fertilizer exports soared to $66M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of NPK Fertilizer in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 9.3 | 8.3 | 10.5 | 13.7 | 13.8% |
Bulgaria | 11.6 | 7.9 | 13.0 | 12.3 | 2.0% |
Cyprus | 5.0 | 5.5 | 5.8 | 6.8 | 10.8% |
Albania | 5.0 | 6.2 | 7.0 | 4.5 | -3.5% |
Finland | N/A | N/A | N/A | 4.2 | 0% |
Turkey | 1.0 | 4.9 | 3.1 | 4.0 | 58.7% |
North Macedonia | 4.5 | 4.1 | 3.4 | 3.9 | -4.7% |
France | 3.9 | 3.3 | 0.2 | 2.7 | -11.5% |
Kosovo | N/A | 0.1 | 0.1 | 2.3 | 379.6% |
Lebanon | 1.6 | 0.4 | 1.2 | 1.6 | 0.0% |
Serbia | 1.7 | 1.5 | 1.6 | 1.5 | -4.1% |
Ukraine | 2.0 | 3.3 | 0.6 | 1.2 | -15.7% |
Croatia | 0.8 | 0.9 | 0.9 | 0.9 | 4.0% |
Others | 13.4 | 8.2 | 7.7 | 6.5 | -21.4% |
Total | 59.8 | 54.5 | 55.2 | 66.1 | 3.4% |
Top Export Markets for NPK Fertilizer from Greece in 2022:
- Bulgaria (17.3K tons)
- Romania (16.2K tons)
- Cyprus (7.4K tons)
- Turkey (6.6K tons)
- Albania (5.5K tons)
- Finland (5.5K tons)
- North Macedonia (4.7K tons)
- France (3.5K tons)
- Kosovo (3.1K tons)
- Ukraine (1.5K tons)
- Croatia (1.4K tons)
- Serbia (1.3K tons)
- Lebanon (1.3K tons)
This report provides an in-depth analysis of the npk fertilizer market in Greece. 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:
- FCL 4021 - NPK fertilizers
Country coverage:
- Greece
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Greece
- 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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