Belarus: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Belarus

The Belarusian nitrogenous fertilizer market declined to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Nitrogenous Fertilizer Production in Belarus

In value terms, nitrogenous fertilizer production contracted to $X in 2022 estimated in export price. In general, production saw a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Belarus

In 2022, exports of nitrogenous fertilizers (mineral or chemical) from Belarus contracted slightly to X tons, stabilizing at 2021. Over the period under review, total exports indicated a buoyant 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 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, nitrogenous fertilizer exports fell notably to $X in 2022. In general, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

France (X tons), Argentina (X tons) and Ukraine (X tons) were the main destinations of nitrogenous fertilizer exports from Belarus, with a combined X% share of total exports.

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

In value terms, Ukraine ($X), France ($X) and Argentina ($X) constituted the largest markets for nitrogenous fertilizer exported from Belarus worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Ukraine, 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 nitrogenous fertilizer export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

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

Nitrogenous Fertilizer Imports

Imports into Belarus

In 2022, overseas purchases of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, nitrogenous fertilizer imports shrank remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of nitrogenous fertilizer to Belarus, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Poland exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), threefold. The third position in this ranking was taken by Russia (X tons), with a X% share.

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

In value terms, Poland ($X) constituted the largest supplier of nitrogenous fertilizers (mineral or chemical) to Belarus, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with an X% share of total imports. It was followed by Uzbekistan, with a X% share.

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

Import Prices by Country

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Lithuania ($X per ton), while the price for Uzbekistan ($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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