Luxembourg: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Luxembourg

In 2023, the Luxembourg NPK fertilizer market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, recorded a abrupt curtailment. Consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports from Luxembourg

In 2023, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers exported from Luxembourg plummeted to X tons, which is down by X% on the year before. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, NPK fertilizer exports dropped sharply to $X in 2023. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for NPK fertilizer exports from Luxembourg, with a X% share of total exports. Moreover, NPK fertilizer exports to Germany exceeded the volume sent to the second major destination, France (X tons), fivefold.

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

In value terms, Germany ($X) remains the key foreign market for mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports from Luxembourg, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Belgium (X% per year).

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2023, surging by X% against the previous year. Overall, the export price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Luxembourg

NPK fertilizer imports into Luxembourg dropped notably to X tons in 2023, with a decrease of X% compared with the year before. Overall, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, NPK fertilizer imports declined dramatically to $X in 2023. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Germany (X tons) constituted the largest NPK fertilizer supplier to Luxembourg, accounting for a X% share of total imports. Moreover, NPK fertilizer imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, Germany ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to Luxembourg, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Belgium ($X per ton) and France ($X per ton), while the price for Germany ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform