Romania: Fertilizer Market 2024

Fertilizer Market Size in Romania

The Romanian fertilizer market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Romania

In value terms, fertilizer production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Romania

In 2022, approx. X tons of fertilizers were exported from Romania; rising by X% compared with the year before. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fertilizer exports soared to $X in 2022. Overall, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for fertilizer exports from Romania, with a X% share of total exports. Moreover, fertilizer exports to Hungary exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Croatia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (X% per year) and Croatia (X% per year).

In value terms, Hungary ($X), Bulgaria ($X) and Moldova ($X) appeared to be the largest markets for fertilizer exported from Romania worldwide, with a combined X% share of total exports. Ukraine, Slovakia, Croatia, Serbia, France, Turkey and the United States lagged somewhat behind, together comprising a further X%.

Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average fertilizer export price stood at $X per ton in 2022, rising by X% against the previous year. In general, export price indicated a temperate increase 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 export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Croatia ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Romania

In 2022, imports of fertilizers into Romania soared to X tons, increasing by X% on 2021 figures. In general, imports saw a buoyant expansion. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, fertilizer imports surged to $X in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Turkey (X tons) and Bulgaria (X tons) were the main suppliers of fertilizer imports to Romania, with a combined X% share of total imports. Egypt, Ukraine, Austria, Greece, Hungary, Slovakia, Turkmenistan, Poland, China and Uzbekistan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Russia ($X) and Egypt ($X) constituted the largest fertilizer suppliers to Romania, with a combined X% share of total imports. Turkey, Greece, Ukraine, Turkmenistan, Uzbekistan, Austria, Hungary, China, Slovakia and Poland lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, recorded 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

In 2022, the average fertilizer import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price saw a moderate increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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