Czech Republic: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the Czech Republic

The Czech NPK fertilizer market skyrocketed to $X in 2022, picking up by 31% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Npk Fertilizer Production in the Czech Republic

In value terms, NPK fertilizer production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate measured growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 107% against the previous year. Production peaked in 2022 and is expected to retain growth in the immediate term.

Npk Fertilizer Exports

Exports from the Czech Republic

For the third consecutive year, the Czech Republic recorded growth in shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, which increased by 72% to X tons in 2022. Over the period under review, exports showed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, NPK fertilizer exports skyrocketed to $X in 2022. Overall, exports saw a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for NPK fertilizer exports from the Czech Republic, accounting for a 65% share of total exports. Moreover, NPK fertilizer exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+2.4% per year) and Hungary (+22.6% per year).

In value terms, the largest markets for NPK fertilizer exported from the Czech Republic were Slovakia ($X), Germany ($X) and Hungary ($X), together comprising 84% of total exports. Romania, Poland and Austria lagged somewhat behind, together accounting for a further 7.8%.

Romania, with a CAGR of +59.9%, 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

In 2022, the average NPK fertilizer export price amounted to $X per ton, reducing by -18.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into the Czech Republic

After three years of decline, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by 8.7% to X tons in 2022. The total import volume increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 27%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, NPK fertilizer imports surged to $X in 2022. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Slovakia (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of NPK fertilizer imports to the Czech Republic, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +19.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer suppliers to the Czech Republic were Slovakia ($X), Germany ($X) and Poland ($X), together comprising 52% of total imports.

Germany, with a CAGR of +20.3%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, increasing by 43% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +121.0% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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