Eastern Europe: Fertilizer Market 2024

Fertilizer Market Size in Eastern Europe

The East European fertilizer market expanded rapidly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Eastern Europe

In value terms, fertilizer production expanded remarkably to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports in Eastern Europe

In 2022, the amount of fertilizers exported in Eastern Europe expanded notably to X tons, with an increase of X% compared with the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports showed a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Russia was the key exporter of fertilizers in Eastern Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Belarus (X tons) ranks second in terms of the total exports with an X% share, followed by Poland (X%) and Lithuania (X%). The following exporters - Slovakia (X tons) and Bulgaria (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fertilizer exports from Russia stood at X%. At the same time, Slovakia (X%), Belarus (X%), Bulgaria (X%) and Poland (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Lithuania experienced a relatively flat trend pattern. Russia (X p.p.), Belarus (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest fertilizer supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Fertilizer Imports

Imports in Eastern Europe

Fertilizer imports reached X tons in 2022, rising by X% against the previous year. Total imports 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, fertilizer imports surged to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of fertilizers, namely Poland, Romania and Hungary, represented more than half of total import. Lithuania (X tons) ranks next in terms of the total imports with an X% share, followed by the Czech Republic (X%), Bulgaria (X%) and Ukraine (X%). Latvia (X tons) took a relatively small share of total imports.

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

In value terms, the largest fertilizer importing markets in Eastern Europe were Poland ($X), Romania ($X) and Hungary ($X), together accounting for X% of total imports.

In terms of the main importing countries, Romania, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. Import price indicated temperate growth 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, fertilizer import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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