Eastern Europe: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Eastern Europe

The East European animal or vegetable fertilisers market shrank modestly to $X in 2023, standing approx. at the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Animal Or Vegetable Fertilisers in Eastern Europe

In value terms, animal or vegetable fertilisers production contracted modestly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Exports of Animal Or Vegetable Fertilisers

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in shipments abroad of animal or vegetable fertilisers, which increased by X% to X tons in 2023. Total exports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in years to come.

In value terms, animal or vegetable fertilisers exports rose rapidly to $X in 2023. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure in 2023 and are likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from Hungary (X tons), Lithuania (X tons) and the Czech Republic (X tons), together recording X% of total export. Latvia (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%). Slovakia (X tons) and Estonia (X tons) took a minor share of total exports.

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

In value terms, Lithuania ($X) remains the largest animal or vegetable fertilisers supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Lithuania stood at X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Export price indicated a notable increase from 2012 to 2023: its price 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. Based on 2023 figures, animal or vegetable fertilisers export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Animal Or Vegetable Fertilisers

Imports in Eastern Europe

In 2023, supplies from abroad of animal or vegetable fertilisers increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports showed a strong expansion. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers imports shrank to $X in 2023. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2022, and then declined modestly in the following year.

Imports by Country

Poland was the major importing country with an import of around X tons, which reached X% of total imports. The Czech Republic (X tons) ranks second in terms of the total imports with a X% share, followed by Romania (X%). The following importers - Lithuania (X tons), Estonia (X tons), Bulgaria (X tons) and Hungary (X tons) - together made up X% of total imports.

Poland was also the fastest-growing in terms of the animal or vegetable fertilisers imports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%), the Czech Republic (X%), Estonia (X%), Lithuania (X%) and Bulgaria (X%) displayed positive paces of growth. By contrast, Hungary (X%) illustrated a downward trend over the same period. Poland (X p.p.) and Romania (X p.p.) significantly strengthened its position in terms of the total imports, while Estonia, Bulgaria, Lithuania, the Czech Republic and Hungary saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, Poland ($X), Romania ($X) and Hungary ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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, reducing by X% against the previous year. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Hungary ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform