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Fertilizer & Nitrogen Compound Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2012 August 2024 Spotlight Report

Revenue

€45.2bn

2019-2024 5.4 %
2024-2029 X.X %

Employees

135k

2019-2024 1.5 %
2024-2029 X.X %

Businesses

2,244

2019-2024 0.9 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Fertilizer & Nitrogen Compound Manufacturing in Europe industry analysis

Revenue is forecast to fall at a compound annual rate of 5.4% over the five years through 2024. Volatile demand conditions and fluctuations in input prices have had mixed impacts on revenue and contributed to revenue volatility. Following the Russian invasion of Ukraine, natural gas prices soared. Manufacturers were initially forced to absorb these costs at the expense of profitability, producers were later able to pass these costs onto customers, supporting revenue and giving some respite for bottom lines. As well as rising input prices, supply chain disruptions led to a fertiliser shortage, driving prices upwards.

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Industry Statistics and Trends

Fertilizer & Nitrogen Compound Manufacturing in Europe key trends

Sharp price increases aided revenue.

 

According to the Energy & Climate Intelligence Unit, fertiliser prices trebled between 2021 and 2022.

Organic farming threatens demand for fertiliser.

 

Organic farming prohibits the use of synthetic fertilisers in favour of organic ones, like manure.

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Fertilizer & Nitrogen Compound Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Fertilizer & Nitrogen Compound Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.4 % over the past five years, to reach an estimated €45.2bn in 2024.

Trends and Insights

Higher prices support revenue growth

  • Ammonia is a key input in the production of fertiliser and is made using natural gas, which soared in price following Russia’s invasion of Ukraine.

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Fertilizer & Nitrogen Compound Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

The continued growth of organic farming threatens revenue

  • The EU has a target that 25% of all farmland will be farmed organically by 2030. This will continue hindering demand for fertiliser and restrict revenue growth into the future.

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Revenue

€45.2bn

2019-2024 5.4 %
2024-2029 X.X %

Employees

135k

2019-2024 1.5 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 1.5 % *
  • Job Growth

Top 5 Countries

  1. Lithuania +15.2%
  2. Latvia +13.2%
  3. Bulgaria +13.1%
  4. Bosnia & Herzegovina +6.8%
  5. Denmark +5.6%

Bottom 5 Countries

  1. Romania -12.5%
  2. Serbia -10.0%
  3. Sweden -9.8%
  4. Ireland -9.1%
  5. Croatia -7.2%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Fertilizer & Nitrogen Compound Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Yara International ASA
23,508.0
3,668.5
15.6
Grupa Azoty SA
5,579.5
198.3
3.6
OCI NV
10,234.4
3,165.6
30.9

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Fertilizer & Nitrogen Compound Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Fertilizer & Nitrogen Compound Manufacturing industry in Europe in 2024?

The market size of the Fertilizer & Nitrogen Compound Manufacturing industry in Europe is €45.2bn in 2024.

How many businesses are there in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry in 2024?

There are 2,244 businesses in the Fertilizer & Nitrogen Compound Manufacturing industry in Europe, which has declined at a CAGR of 0.9 % between 2019 and 2024.

Has the Fertilizer & Nitrogen Compound Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Fertilizer & Nitrogen Compound Manufacturing industry in Europe has been declining at a CAGR of 5.4 % between 2019 and 2024.

What is the forecast growth of the Fertilizer & Nitrogen Compound Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Fertilizer & Nitrogen Compound Manufacturing industry in Europe is expected to grow.

What does the Fertilizer & Nitrogen Compound Manufacturing in Europe include?

Nitrogen and Potassium are part of the Fertilizer & Nitrogen Compound Manufacturing industry.

Which countries have the most businesses in the Fertilizer & Nitrogen Compound Manufacturing industry in Europe?

The European country with the most businesses in the Fertilizer & Nitrogen Compound Manufacturing industry is Spain.

How competitive is the Fertilizer & Nitrogen Compound Manufacturing industry in Europe?

The level of competition is high and steady in the Fertilizer & Nitrogen Compound Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

This industry covers companies that manufacture fertilisers. It also includes companies that manufacture associated nitrogen products; potting soil; and potting soil mixtures comprising natural soil, sand, clays and minerals.

Related Terms

AmmoniaFeedstockCompound Fertiliser

What's included in this industry?

NitrogenPotassiumSulphurPhosphorusOrganic fertiliser

Companies

Yara International ASAGrupa Azoty SAOCI NV

Industry Code

ISIC 2006

2012 - Manufacture of fertilizers and nitrogen compounds in Europe

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Performance

Key Takeaways

Higher prices support revenue growth

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry (2011 -2029)
  • Employees in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry (2011 -2029)
  • Business in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry (2011 -2029)
  • Profit in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Fertilizer & Nitrogen Compound Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Russia’s invasion of Ukraine drives demand for fertiliser. Ukraine is one of the largest producers of cereals, so following disruptions, other countries sought to increase their yields, leading farmers to turn to fertilisers.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Fertilizer & Nitrogen Compound Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Larger firms leverage economies of scale. Larger companies can leverage their financial and capital resources to lower operating costs, making them more competitive.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 9 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Yara International ASA
  • Countries of operation for Grupa Azoty SA
  • Countries of operation for OCI NV
  • Countries of operation for K+S AG
  • Countries of operation for BASF SE
  • Countries of operation for Fertiberia Corporate SLU
  • Countries of operation for Acron Group
  • Countries of operation for EuroChem Group AG
  • Countries of operation for Kemira Oyj

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers must comply with strict regulations. Fertilisers must meet specific nutrient contents, safety and environmental requirements.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising demand supports higher profit margins. Demand for fertiliser increased significantly following Russia’s invasion of Ukraine, pushing up the prices manufacturers sold their products for.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Fertilizer & Nitrogen Compound Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.