Eastern Europe: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Eastern Europe

In 2023, after two years of growth, there was significant decline in the East European nitrogenous fertilizer market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2022, and then dropped in the following year.

Nitrogenous Fertilizer Production in Eastern Europe

In value terms, nitrogenous fertilizer production reached $X in 2023 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports in Eastern Europe

In 2023, approx. X tons of nitrogenous fertilizers (mineral or chemical) were exported in Eastern Europe; reducing by X% compared with the previous year's figure. Overall, exports showed a noticeable decrease. The growth pace was the most rapid in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports declined notably to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then reduced sharply in the following year.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. It was distantly followed by Poland (X tons), Lithuania (X tons) and Slovakia (X tons), together creating a X% share of total exports. The following exporters - Belarus (X tons), Hungary (X tons) and the Czech Republic (X tons) - each amounted to an X% share of total exports.

Russia was also the fastest-growing in terms of the nitrogenous fertilizers (mineral or chemical) exports, with a CAGR of X% from 2012 to 2023. At the same time, Hungary (X%) displayed positive paces of growth. Slovakia experienced a relatively flat trend pattern. By contrast, Belarus (X%), Poland (X%), the Czech Republic (X%) and Lithuania (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest nitrogenous fertilizer supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($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 other leaders experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports in Eastern Europe

In 2023, after two years of growth, there was significant decline in overseas purchases of nitrogenous fertilizers (mineral or chemical), when their volume decreased by X% to X tons. Total imports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2022, and then reduced dramatically in the following year.

In value terms, nitrogenous fertilizer imports contracted significantly to $X in 2023. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then declined remarkably in the following year.

Imports by Country

In 2023, Poland (X tons), Romania (X tons), Ukraine (X tons), Hungary (X tons), the Czech Republic (X tons) and Lithuania (X tons) represented the major importer of nitrogenous fertilizers (mineral or chemical) in Eastern Europe, committing X% of total import. It was distantly followed by Latvia (X tons), Bulgaria (X tons) and Slovakia (X tons), together creating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer importing markets in Eastern Europe were Poland ($X), Romania ($X) and Ukraine ($X), with a combined X% share of total imports.

Among the main importing countries, Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted notably in the following year.

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

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

Source: IndexBox Platform