CIS: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in CIS

The CIS NPK fertilizer market expanded significantly to $X in 2022, rising by 12% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Npk Fertilizer Production in CIS

In value terms, NPK fertilizer production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% 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 2017 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Npk Fertilizer Exports

Exports in CIS

In 2022, after two years of growth, there was significant decline in overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -6.2% to X tons. The total export volume increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when exports increased by 25% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, NPK fertilizer exports plummeted to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

In 2022, Russia (X tons) was the largest exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, mixing up 82% of total exports. It was distantly followed by Belarus (X tons), generating a 17% share of total exports.

Exports from Russia increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Belarus (+13.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +13.3% from 2012-2022. Belarus (+10 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -10.7% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest NPK fertilizer supplier in the CIS, comprising 80% of total exports. The second position in the ranking was taken by Belarus ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -1.5%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -13.5% against the previous year. Overall, the export price showed a noticeable downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by 43%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (-2.3%).

Npk Fertilizer Imports

Imports in CIS

In 2022, npk fertilizer imports in the CIS amounted to X tons, almost unchanged from 2021. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 73%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports rose notably to $X in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Moldova (X tons), Kazakhstan (X tons), Kyrgyzstan (X tons) and Azerbaijan (X tons) represented roughly 79% of total imports in 2022. Russia (X tons) held the next position in the ranking, followed by Tajikistan (X tons). All these countries together held approx. 16% share of total imports. Armenia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kyrgyzstan (with a CAGR of +50.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer importing markets in the CIS were Moldova ($X), Russia ($X) and Azerbaijan ($X), with a combined 69% share of total imports. Kazakhstan, Kyrgyzstan, Tajikistan and Armenia lagged somewhat behind, together accounting for a further 26%.

In terms of the main importing countries, Tajikistan, with a CAGR of +32.6%, saw 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 import price in the CIS stood at $X per ton in 2022, increasing by 9.2% against the previous year. Over the period under review, the import price, however, recorded a pronounced slump. The growth pace was the most rapid in 2021 an increase of 19%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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