United Kingdom: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in the UK

The UK mixed fertilizer market rose modestly to $X in 2023, surging by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Mixed Fertilizer Production in the UK

In value terms, mixed fertilizer production amounted to $X in 2023 estimated in export price. Overall, production saw a noticeable decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Mixed fertilizer production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Mixed Fertilizer Exports

Exports from the UK

In 2023, overseas shipments of mixed fertilizers decreased by X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, mixed fertilizer exports reduced sharply to $X in 2023. In general, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then dropped dramatically in the following year.

Exports by Country

Iceland (X tons) was the main destination for mixed fertilizer exports from the UK, accounting for a X% share of total exports. Moreover, mixed fertilizer exports to Iceland exceeded the volume sent to the second major destination, Germany (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Iceland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

In value terms, the largest markets for mixed fertilizer exported from the UK were Germany ($X), Lithuania ($X) and Spain ($X), with a combined X% share of total exports. Canada, China, Poland, Egypt, Iceland, India, New Zealand, the Netherlands, Colombia and Ireland lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average mixed fertilizer export price amounted to $X per ton, stabilizing at the previous year. Overall, export price indicated a modest increase 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, mixed fertilizer export price increased by X% against 2018 indices. The growth pace was the most rapid in 2022 an increase of X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Iceland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into the UK

After four years of decline, overseas purchases of mixed fertilizers increased by X% to X tons in 2023. Over the period under review, imports, however, recorded a perceptible reduction. Imports peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, mixed fertilizer imports soared to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Morocco (X tons) constituted the largest mixed fertilizer supplier to the UK, accounting for a X% share of total imports. Moreover, mixed fertilizer imports from Morocco exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Morocco amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Lithuania (X% per year).

In value terms, Morocco ($X) constituted the largest supplier of mixed fertilizers to the UK, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Morocco stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Lithuania (X% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price attained the peak level of $X per ton, and then declined notably in the following year.

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

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

Source: IndexBox Platform