Russian Federation: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in the Russian Federation

The Russian mixed fertilizer market contracted modestly to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a perceptible shrinkage. Mixed fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Mixed Fertilizer Production in the Russian Federation

In value terms, mixed fertilizer production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Mixed Fertilizer Exports

Exports from the Russian Federation

In 2022, mixed fertilizer exports from Russia contracted slightly to X tons, remaining relatively unchanged against 2021. Overall, total exports indicated resilient growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Brazil (X tons), India (X tons) and Thailand (X tons) were the main destinations of mixed fertilizer exports from Russia, together accounting for X% of total exports. Turkey, Romania, China, the United States, Vietnam, Serbia, Kenya, Colombia, Mexico and South Africa lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), India ($X) and Thailand ($X) were the largest markets for mixed fertilizer exported from Russia worldwide, with a combined X% share of total exports. Turkey, the United States, Romania, Vietnam, Colombia, South Africa, Mexico, China, Serbia and Kenya lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price recorded a moderate increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Kenya ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into the Russian Federation

In 2022, overseas purchases of mixed fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank remarkably in the following year.

In value terms, mixed fertilizer imports rose to $X in 2022. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest mixed fertilizer supplier to Russia, with a X% share of total imports. Moreover, mixed fertilizer imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), more than tenfold. Israel (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Israel (X% per year).

In value terms, Kazakhstan ($X) constituted the largest supplier of mixed fertilizers to Russia, comprising X% of total imports. The second position in the ranking was held by Lithuania ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (X% per year) and Israel (X% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, picking up by X% against the previous year. Overall, import price indicated a perceptible 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, mixed fertilizer import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 Belgium ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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