Price for Fertilizers; Mineral or Chemical, Nitrogenous in Russia - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Russia (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Russia (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Russia
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Russia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Russia (FOB) - 2022
In January 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $541 per ton, with an increase of 17% against the previous month. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in November 2021 when the average export price increased by 39% month-to-month. The export price peaked in January 2022.
There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was India ($792 per ton), while the average price for exports to Estonia ($313 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Russia (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $437 per ton, surging by 4.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 49%. The import price peaked at $467 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($1,122 per ton), while the price for Lithuania ($194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Russia
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -2.6% to 14M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 9.7% against the previous year. As a result, the exports reached the peak of 14M tons, and then shrank slightly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports declined notably to $3.5B in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 80%. As a result, the exports attained the peak of $4.5B, and then contracted rapidly in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 613 | 517 | 830 | 3,086 | 71.4% |
| South Africa | 20.0 | 8.9 | 15.2 | 246 | 130.8% |
| El Salvador | 11.9 | 13.4 | 9.5 | 92.2 | 97.9% |
| Peru | 211 | 132 | 249 | N/A | 8.6% |
| United States | 526 | 328 | 644 | N/A | 10.6% |
| Mexico | 220 | 165 | 199 | N/A | -4.9% |
| Estonia | 77.8 | 24.8 | 61.3 | N/A | -11.2% |
| Canada | 118 | 95.5 | 231 | N/A | 39.9% |
| Others | 1,734 | 1,199 | 2,225 | 49.2 | -69.5% |
| Total | 3,531 | 2,484 | 4,464 | 3,474 | -0.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Russia in 2022:
- Brazil (12.6M tons)
- South Africa (1.1M tons)
- El Salvador (0.3M tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Russia
In 2022, approx. 36K tons of fertilizers; mineral or chemical, nitrogenoi were imported into Russia; surging by 4% against the previous year's figure. In general, imports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. As a result, imports reached the peak of 60K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, fertilizers; mineral or chemical, nitrogenous imports amounted to $16M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 19% against the previous year. As a result, imports attained the peak of $17M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 0.5 | 0.6 | 0.6 | 4.9 | 114.0% |
| Germany | 1.4 | 1.7 | 2.4 | 3.4 | 34.4% |
| Norway | 2.3 | 3.0 | 2.8 | 2.5 | 2.8% |
| France | N/A | N/A | 0.1 | 1.2 | 1100.0% |
| Ukraine | 2.5 | 1.3 | 0.6 | 0.3 | -50.7% |
| Poland | 2.5 | 2.0 | 1.4 | 0.3 | -50.7% |
| Lithuania | 0.6 | 1.0 | 0.9 | 0.3 | -20.6% |
| Slovakia | 0.7 | 0.6 | 0.2 | N/A | -46.5% |
| Kazakhstan | 0.8 | 3.4 | 0.7 | N/A | -6.5% |
| Others | 2.7 | 3.4 | 4.7 | 2.7 | 0.0% |
| Total | 14.2 | 16.9 | 14.5 | 15.7 | 3.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Russia in 2022:
- Belarus (15.3K tons)
- Germany (7.6K tons)
- Norway (6.9K tons)
- Lithuania (1.5K tons)
- Poland (1.2K tons)
- France (1.1K tons)
- Ukraine (0.9K tons)
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