Czech Republic: Fertilizer Market 2023

Fertilizer Market Size in the Czech Republic

The Czech fertilizer market rose rapidly to $X in 2021, with an increase of 5.9% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Fertilizer Production in the Czech Republic

In value terms, fertilizer production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 52%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Fertilizer Exports

Exports from the Czech Republic

In 2021, fertilizer exports from the Czech Republic expanded significantly to X tons, with an increase of 12% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, fertilizer exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for fertilizer exports from the Czech Republic, with a 61% share of total exports. Moreover, fertilizer exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Germany totaled +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+7.2% per year) and Poland (-5.4% per year).

In value terms, Germany ($X) remains the key foreign market for fertilizers exports from the Czech Republic, comprising 54% of total exports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total exports. It was followed by Poland, with a 6.7% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Germany stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+1.8% per year) and Poland (-4.5% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2020, which is down by -5.8% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of 8.2% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2020, amid the top suppliers, the countries with the highest prices were Poland ($X per ton) and Slovakia ($X per ton), while the average price for exports to Hungary ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+0.9%), while the prices for the other major destinations experienced a decline.

Fertilizer Imports

Imports into the Czech Republic

In 2021, purchases abroad of fertilizers decreased by -7.6% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 17%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, fertilizer imports surged to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of fertilizer imports to the Czech Republic, together comprising 64% of total imports. Austria, Russia, Lithuania and Hungary lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2020, the biggest increases were recorded for Russia (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) were the largest fertilizer suppliers to the Czech Republic, with a combined 58% share of total imports. Austria, Russia, Lithuania and Hungary lagged somewhat behind, together comprising a further 27%.

Russia, with a CAGR of +3.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2020, the average fertilizer import price amounted to $X per ton, shrinking by -2.4% against the previous year. Overall, the import price recorded a pronounced slump. The pace of growth appeared the most rapid in 2018 when the average import price increased by 4.4%. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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