Russian Federation: Fertilizer Market 2024

Fertilizer Market Size in the Russian Federation

The Russian fertilizer market reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Fertilizer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Fertilizer Production in the Russian Federation

In value terms, fertilizer production reduced slightly to $X in 2022 estimated in export price. In general, production, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from the Russian Federation

In 2022, exports of fertilizers from Russia expanded notably to X tons, growing by X% against 2021 figures. Overall, total exports indicated a tangible expansion 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, fertilizer exports surged to $X in 2022. Over the period under review, exports showed a prominent increase. 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 the immediate term.

Exports by Country

Brazil (X tons), Estonia (X tons) and the United States (X tons) were the main destinations of fertilizer exports from Russia, with a combined X% share of total exports. Finland, India, China, Lithuania, Australia, Indonesia, Peru, Poland, Bangladesh and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the key foreign market for fertilizers exports from Russia, comprising X% of total exports. The second position in the ranking was held by Finland ($X), with an X% share of total exports. It was followed by Estonia, with a X% share.

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

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, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

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

Fertilizer Imports

Imports into the Russian Federation

In 2022, approx. X tons of fertilizers were imported into Russia; with a decrease of X% against 2021. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, fertilizer imports reduced dramatically to $X in 2022. Over the period under review, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Belarus (X tons) constituted the largest supplier of fertilizer to Russia, with a X% share of total imports. Moreover, fertilizer imports from Belarus exceeded the figures recorded by the second-largest supplier, Kazakhstan (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Chile (X% per year).

In value terms, Belarus ($X), Kazakhstan ($X) and Chile ($X) appeared to be the largest fertilizer suppliers to Russia, together comprising X% of total imports.

Among the main suppliers, Belarus, 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

The average fertilizer import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Ukraine ($X per ton), while the price for France ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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