Slovakia: Fertilizer Market 2024

Fertilizer Market Size in Slovakia

In 2022, the Slovak fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a pronounced setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Fertilizer Production in Slovakia

In value terms, fertilizer production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports from Slovakia

In 2022, overseas shipments of fertilizers increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of fertilizer exports from Slovakia, with a combined X% share of total exports. Austria, Romania, Italy, France, Spain and Poland lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Czech Republic ($X), Hungary ($X) and Germany ($X) constituted the largest markets for fertilizer exported from Slovakia worldwide, together comprising X% of total exports. Austria, Italy, France, Romania, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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, growing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. 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.

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 Spain ($X per ton), while the average price for exports to Hungary ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Slovakia

In 2022, approx. X tons of fertilizers were imported into Slovakia; rising by X% against 2021. Overall, total imports indicated a buoyant 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, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports surged to $X in 2022. Over the period under review, imports enjoyed resilient growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Austria (X tons) were the main suppliers of fertilizer imports to Slovakia, with a combined X% 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 Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Austria ($X) and the Czech Republic ($X) appeared to be the largest fertilizer suppliers to Slovakia, with a combined X% share of total imports.

In terms of the main suppliers, the Czech Republic, 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, rising by X% against the previous year. In general, import price indicated a pronounced expansion 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue 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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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