Blog - Mixed Nitrogen, Phosphorus and Potassium Fertilizers

Apr 18, 2022

625

Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively. 

Nov 4, 2021

2023

Russia will limit its exports of two- and three-component fertilizers containing nitrogen to a total quota of 5.53M tons over six months since December 2021. As European manufactures reduce NPK production owing to the energy crisis, Russian export restrictions could lead to a fertilizer shortage in the EU market and stimulate price growth. Poland, Romania, Latvia, Finland, and Spain significantly rely on NPK fertilizer imports from Russia. The Russian Federation remains the leading world’s supplier, accounting for 30% of global NPK fertilizer exports. China, Brazil and India comprise the largest importers of NPK fertilizers from Russia.

Mar 15, 2021

983

The NPK fertilizer consumption in the EU in 2020 was approximately equal to the level of 2019, estimated at approx. 12 million tons or approx. $4.9B. Due to the pandemic, imports of fertilizers to the EU countries fell sharply in April-May 2020 but started to recover in July. A new challenge to the fertilizer market may be the introduction of a carbon tax on imported products in the EU countries. Modern plants for the production of ammonia fertilizers, in terms of energy consumption, are close to the theoretical minimum, which makes further improvements difficult and costly. Enterprises will be forced to enter into serious price competition in the struggle for the European sales market.