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Russian Federation - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

Russian Federation - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Nov 4, 2021

Russian Exports Restrictions to Accelerate NPK Fertilizer Price Growth

IndexBox has just published a new report: 'Russian Federation - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

Russia will limit its exports of two- and three-component fertilizers containing nitrogen to a total quota of 5.53M tons over six months since December 2021. As European manufactures reduce NPK production owing to the energy crisis, Russian export restrictions could lead to a fertilizer shortage in the EU market and stimulate price growth. Poland, Romania, Latvia, Finland, and Spain significantly rely on NPK fertilizer imports from Russia. The Russian Federation remains the leading world's supplier, accounting for 30% of global NPK fertilizer exports. China, Brazil and India comprise the largest importers of NPK fertilizers from Russia.

NPK Fertilizer Exports from the Russian Federation

The Russian government has announced that since December 2021, it will limit complex fertilizer exports to a total quota of 5.53M tons for both two- and three-component fertilizers over the next six months. Although the restrictions will last for six months, it could lead to a fertilizer shortage in some European markets relying on the supplies from Russia amid the reducing domestic production in the EU. Poland, Romania, Latvia, Finland, and Spain are intensively importing NPK fertilizers from Russia. The emergence of the deficit can stimulate NPK price growth in the European market.

The Russian Federation accounts for 30% of global NPK fertilizer exports. In 2020, approx. 5.5M tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Russia, standing approx. at the previous year's figure. In value terms, NPK fertilizer exports dropped from $1.5B in 2019 to $1.3B (IndexBox estimates) in 2020.

China (735K tons), Brazil (648K tons) and India (561K tons) were the main destinations of NPK fertilizer exports from Russia, with a combined 36% share of total exports. Hong Kong SAR, Romania, Latvia, Poland, Lithuania, Benin, Thailand, Ireland, Finland and Spain lagged somewhat behind, together accounting for a further 44%.

In value terms, China ($166M), India ($141M) and Brazil ($133M) constituted the largest markets for NPK fertilizer exported from Russia worldwide, with a combined 35% share of total exports. Hong Kong SAR, Latvia, Romania, Poland, Lithuania, Ireland, Benin, Thailand, Finland and Spain lagged somewhat behind, together accounting for a further 45%.

Compared to other countries, Hong Kong SAR recorded the highest growth rate of NPK imports from Russia. Its purchases soared from 0.1M tons in 2019 to 0.5M tons in 2020.

The average export price for NPK fertilizers from Russia stood at $234 per ton in 2020, falling by -13.3% against the previous year. Average prices varied somewhat for the significant external markets. In 2020, the highest prices were recorded for prices to Latvia ($259 per ton) and India ($252 per ton), while the average prices for exports to Brazil ($206 per ton) and Spain ($207 per ton) were amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Benin, while the prices for the other significant destinations experienced a decline.

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Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the npk fertilizer market in the Russian Federation. 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:

  • Russia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the Russian Federation
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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