Romania: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Romania

The Romanian NPK fertilizer market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption showed resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Npk Fertilizer Production in Romania

In value terms, NPK fertilizer production reduced to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Npk Fertilizer Exports

Exports from Romania

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Romania; falling by X% against the previous year. Overall, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, NPK fertilizer exports fell rapidly to $X in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Bulgaria (X tons) and Ukraine (X tons) were the main destinations of NPK fertilizer exports from Romania, together comprising X% of total exports. Moldova and Croatia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Hungary ($X) and Moldova ($X) were the largest markets for NPK fertilizer exported from Romania worldwide, with a combined X% share of total exports.

Among the main countries of destination, Moldova, 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

The average NPK fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated modest 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, NPK fertilizer export price increased by X% against 2020 indices. As a result, the export price reached 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 Moldova ($X per ton), while the average price for exports to Ukraine ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Romania

NPK fertilizer imports into Romania skyrocketed to X tons in 2022, jumping by X% against the previous year. In general, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, NPK fertilizer imports soared to $X in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of NPK fertilizer to Romania, accounting for a X% share of total imports. Moreover, NPK fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), threefold. The third position in this ranking was taken by Greece (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Greece (X% per year).

In value terms, Russia ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to Romania, comprising X% of total imports. The second position in the ranking was held by Serbia ($X), with an X% share of total imports. It was followed by Greece, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Greece (X% per year).

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, import price indicated a notable increase 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, NPK fertilizer import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per ton), while the price for Russia ($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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