Russian Federation: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the Russian Federation

The Russian NPK fertilizer market skyrocketed to $X in 2022, picking up by 17% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Npk Fertilizer Production in the Russian Federation

In value terms, NPK fertilizer production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 22% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was decline in shipments abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, when their volume decreased by -4.6% to X tons. The total export volume increased at an average annual rate of +2.2% 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 28% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, NPK fertilizer exports contracted notably to $X in 2022. In general, exports showed a slight downturn. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Hong Kong SAR (X tons), China (X tons) and Brazil (X tons) were the main destinations of NPK fertilizer exports from Russia, with a combined 41% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +123.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for NPK fertilizer exported from Russia were China ($X), Brazil ($X) and Hong Kong SAR ($X), together accounting for 40% of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +115.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average NPK fertilizer export price amounted to $X per ton, declining by -14.7% against the previous year. In general, the export price saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when the average export price increased by 46%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Finland ($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 France (-0.8%), while the prices for the other major destinations experienced a decline.

Npk Fertilizer Imports

Imports into the Russian Federation

In 2022, approx. X tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were imported into Russia; which is down by -14.2% on 2021. Over the period under review, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +20.2% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, NPK fertilizer imports declined to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +19.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Israel (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of NPK fertilizer imports to Russia, with a combined 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Israel ($X) and Belgium ($X) appeared to be the largest NPK fertilizer suppliers to Russia, with a combined 66% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +17.9%, saw 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 NPK fertilizer import price amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 19% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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