Romania: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Romania

In 2022, the Romanian mixed fertilizer market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption enjoyed resilient growth. Mixed fertilizer consumption peaked in 2022 and is expected to retain growth in years to come.

Mixed Fertilizer Production in Romania

In value terms, mixed fertilizer production contracted sharply to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Mixed fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Romania

Mixed fertilizer exports from Romania shrank significantly to X tons in 2022, which is down by X% against the year before. Overall, exports saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports shrank sharply to $X in 2022. Over the period under review, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Ukraine (X% per year).

In value terms, Hungary ($X), Bulgaria ($X) and Moldova ($X) constituted the largest markets for mixed fertilizer exported from Romania worldwide, together comprising X% of total exports. Ukraine, Austria, Serbia and Croatia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Austria, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average mixed fertilizer export price amounted to $X per ton, surging by X% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer export price increased by X% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary ($X 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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Romania

In 2022, the amount of mixed fertilizers imported into Romania soared to X tons, growing by X% on 2021. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixed fertilizer imports surged to $X in 2022. Overall, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Turkey (X tons) and Greece (X tons) were the main suppliers of mixed fertilizer imports to Romania, together comprising X% of total imports. Bulgaria, Serbia, Morocco, Jordan, Austria, Italy, Tunisia, the Netherlands, Egypt and Hungary lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Turkey ($X) and Greece ($X) constituted the largest mixed fertilizer suppliers to Romania, with a combined X% share of total imports. Morocco, Bulgaria, Jordan, Serbia, Austria, Tunisia, the Netherlands, Italy, Egypt and Hungary lagged somewhat behind, together accounting for a further X%.

Serbia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average mixed fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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