Romania: Fertilizer Market 2024

Fertilizer Market Size in Romania

In 2023, after two years of growth, there was significant decline in the Romanian fertilizer market, when its value decreased by X% to $X. In general, consumption, however, showed a temperate expansion. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Fertilizer Production in Romania

In value terms, fertilizer production surged to $X in 2023 estimated in export price. Over the period under review, production, however, saw a deep slump. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Romania

For the third year in a row, Romania recorded decline in shipments abroad of fertilizers, which decreased by X% to X tons in 2023. Overall, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, fertilizer exports fell dramatically to $X in 2023. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons) was the main destination for fertilizer exports from Romania, with a X% share of total exports. Moreover, fertilizer exports to Ukraine exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Moldova (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Ukraine amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Moldova (X% per year).

In value terms, Ukraine ($X) emerged as the key foreign market for fertilizers exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Hungary ($X), with an X% share of total exports. It was followed by Moldova, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Ukraine stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Moldova (X% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced increase. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Romania

In 2023, after two years of growth, there was significant decline in supplies from abroad of fertilizers, when their volume decreased by X% to X tons. In general, imports, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X tons in 2022, and then declined significantly in the following year.

In value terms, fertilizer imports fell significantly to $X in 2023. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then dropped markedly in the following year.

Imports by Country

Bulgaria (X tons), Egypt (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Romania, together comprising X% of total imports. Turkmenistan, Greece, Austria, Morocco, Azerbaijan, Hungary, China, Ukraine, Turkey and Algeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Azerbaijan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Egypt ($X) and Russia ($X) were the largest fertilizer suppliers to Romania, with a combined X% share of total imports. Greece, Austria, Turkmenistan, Morocco, Azerbaijan, Hungary, Algeria, Ukraine, Turkey and China lagged somewhat behind, together comprising a further X%.

Azerbaijan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2022, and then shrank markedly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkmenistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform