Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania - 2023

Contents:

  1. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (CIF) - 2023
  2. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (FOB) - 2022
  3. Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania
  4. Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (CIF) - 2023

In December 2023, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $596 per ton, falling by -4.4% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 when the average import price increased by 62% against the previous month. The import price peaked at $834 per ton in January 2023; however, from February 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($637 per ton), while the price for Russia ($396 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (FOB) - 2022

In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $816 per ton, rising by 51% against the previous year. In general, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 111%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($866 per ton), while the average price for exports to Moldova ($797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania

In 2022, approx. 281K tons of fertilizers, mineral or chemical; containing nitrates and phosphateses were imported into Romania; picking up by 272% against 2021. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $123M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
TurkeyN/A2.76.760.2372.2%
Russia0.52.5N/A32.4301.7%
Bulgaria9.89.55.78.7-3.9%
Austria4.86.09.97.315.0%
JordanN/AN/AN/A6.80%
NorwayN/AN/AN/A5.70%
Greece9.86.01.80.5-62.9%
NetherlandsN/A2.24.10.1-78.7%
Others2.40.20.51.4-16.4%
Total27.329.128.712365.2%

Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Romania in 2022:

  1. Turkey (180.4K tons)
  2. Russia (53.7K tons)
  3. Austria (17.9K tons)
  4. Bulgaria (11.8K tons)
  5. Norway (8.3K tons)
  6. Jordan (6.6K tons)
  7. Greece (0.6K tons)
  8. Netherlands (0.2K tons)

Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania

In 2022, approx. 3K tons of fertilizers, mineral or chemical; containing nitrates and phosphateses were exported from Romania; rising by 624% on the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 688%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $2.5M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Romania (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Moldova1501202111,703124.8%
UkraineN/A2.6N/A6321459.1%
HungaryN/A0.30.51211908.3%
Bulgaria12.437.913.3N/A3.6%
TurkeyN/A610N/AN/A0%
Others8.90.2N/AN/A-97.8%
Total1717712252,457143.1%

Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Romania in 2022:

  1. Moldova (2.1K tons)
  2. Ukraine (0.7K tons)
  3. Hungary (0.1K tons)

Source: IndexBox Market Intelligence Platform

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