Eastern Europe: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Eastern Europe

In 2022, the East European potassic fertilizer market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a abrupt contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Potassic Fertilizer Production in Eastern Europe

In value terms, potassic fertilizer production fell to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Potassic Fertilizer Exports

Exports in Eastern Europe

After three years of growth, shipments abroad of potassic fertilizers decreased by less than X% to X tons in 2022. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, potassic fertilizer exports surged to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the two major exporters of potassic fertilizers, namely Russia and Belarus, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of X%).

In value terms, the largest potassic fertilizer supplying countries in Eastern Europe were Russia ($X) and Belarus ($X).

Russia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, recorded a slight decline. The growth pace was the most rapid in 2021 an increase of X%. 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 somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

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

Potassic Fertilizer Imports

Imports in Eastern Europe

In 2022, after three years of growth, there was significant decline in supplies from abroad of potassic fertilizers, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, potassic fertilizer imports rose significantly to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value 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 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Ukraine (X tons), Russia (X tons), Hungary (X tons) and the Czech Republic (X tons), together making up a X% share of total imports. The following importers - Lithuania (X tons) and Latvia (X tons) - together made up X% of total imports.

Imports into Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Russia (X%), Latvia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Hungary (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Russia and Latvia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported potassic fertilizers in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Lithuania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The level of import 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 importing countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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