Russian Federation: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the Russian Federation

After two years of growth, the Russian NPK fertilizer market decreased by X% to $X in 2022. Overall, consumption, however, recorded a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined in the following year.

Npk Fertilizer Production in the Russian Federation

In value terms, NPK fertilizer production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Npk Fertilizer Exports

Exports from the Russian Federation

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from Russia; increasing by X% against 2021. Overall, total exports indicated a temperate increase 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, NPK fertilizer exports soared to $X in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), Brazil (X tons) and Thailand (X tons) were the main destinations of NPK fertilizer exports from Russia, with a combined X% share of total exports. China, Colombia, Serbia, Romania, Mexico, Kenya, Indonesia, Ireland, Poland and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for NPK fertilizer exported from Russia were India ($X), Brazil ($X) and Thailand ($X), with a combined X% share of total exports. Colombia, China, Ireland, Serbia, Romania, Mexico, Kenya, Indonesia, Germany and Poland lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw 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

In 2022, the average NPK fertilizer export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a pronounced 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, 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.

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

Npk Fertilizer Imports

Imports into the Russian Federation

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Russia declined notably to X tons, with a decrease of X% compared with the previous year. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then dropped dramatically in the following year.

In value terms, NPK fertilizer imports dropped to $X in 2022. In general, imports, however, showed a pronounced increase. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest NPK fertilizer supplier to Russia, accounting for a X% share of total imports. Moreover, NPK fertilizer imports from Lithuania exceeded the figures recorded by the second-largest supplier, Israel (X tons), twofold. China (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest NPK fertilizer suppliers to Russia were Lithuania ($X), Israel ($X) and Slovakia ($X), together comprising X% of total imports. Italy, Poland, Spain, Turkey, China, the Netherlands, Belgium and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a mild decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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