Eastern Europe: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Eastern Europe

The East European phosphatic fertilizer market dropped dramatically to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Phosphatic Fertilizer Production in Eastern Europe

In value terms, phosphatic fertilizer production reduced modestly to $X in 2022 estimated in export price. In general, production recorded a mild contraction. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports in Eastern Europe

In 2022, overseas shipments of phosphatic fertilizers increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, phosphatic fertilizer exports skyrocketed to $X in 2022. In general, exports recorded a resilient increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, Bulgaria (X tons) was the major exporter of phosphatic fertilizers, achieving X% of total exports. It was distantly followed by Poland (X tons), generating a X% share of total exports. Romania (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer exports from Bulgaria stood at X%. At the same time, Romania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. While the share of Poland (X p.p.) and Romania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bulgaria (X p.p.) displayed negative dynamics.

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

In Bulgaria, phosphatic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Poland ($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 mixed trends in the export price figures.

Phosphatic Fertilizer Imports

Imports in Eastern Europe

In 2022, phosphatic fertilizer imports in Eastern Europe dropped significantly to X tons, waning by X% on the previous year. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced remarkably in the following year.

In value terms, phosphatic fertilizer imports shrank significantly to $X in 2022. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then reduced markedly in the following year.

Imports by Country

In 2022, Romania (X tons), distantly followed by Poland (X tons), Ukraine (X tons), the Czech Republic (X tons), Hungary (X tons) and Bulgaria (X tons) represented the largest importers of phosphatic fertilizers, together creating X% of total imports. Lithuania (X tons) held a minor share of total imports.

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

In value terms, the largest phosphatic fertilizer importing markets in Eastern Europe were Romania ($X), the Czech Republic ($X) and Poland ($X), with a combined X% share of total imports. Ukraine, Bulgaria, Hungary and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Ukraine, with a CAGR of X%, recorded 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, growing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the Czech Republic ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform