Slovakia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Slovakia

For the third year in a row, the Slovak mixed fertilizer market recorded growth in sales value, which increased by 12% to $X in 2022. Over the period under review, consumption, however, enjoyed a strong expansion. Mixed fertilizer consumption peaked in 2022 and is likely to continue growth in the immediate term.

Mixed Fertilizer Production in Slovakia

In value terms, mixed fertilizer production shrank markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a precipitous shrinkage. Over the period under review, production attained the maximum level at $X in 2021, and then dropped notably in the following year.

Mixed Fertilizer Exports

Exports from Slovakia

In 2022, approx. X tons of mixed fertilizers were exported from Slovakia; growing by 142% against the year before. In general, exports, however, recorded a deep contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Lithuania (X tons) were the main destinations of mixed fertilizer exports from Slovakia, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +117.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed fertilizer exported from Slovakia were Hungary ($X), the Czech Republic ($X) and Lithuania ($X), with a combined 64% share of total exports.

In terms of the main countries of destination, Lithuania, with a CAGR of +98.5%, recorded the highest rates of growth with regard to 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

The average mixed fertilizer export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price continues to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 43% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a 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 Russia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Slovakia

In 2022, supplies from abroad of mixed fertilizers increased by 2.1% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 33%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports soared to $X in 2022. Over the period under review, imports showed a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 80% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Hungary (X tons) and Russia (X tons) were the main suppliers of mixed fertilizer imports to Slovakia, with a combined 48% share of total imports. Serbia, the Czech Republic, Morocco, Poland, Germany and Lithuania lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Serbia (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed fertilizer suppliers to Slovakia were Austria ($X), Russia ($X) and Hungary ($X), with a combined 42% share of total imports. The Czech Republic, Poland, Serbia, Morocco, Germany and Lithuania lagged somewhat behind, together comprising a further 25%.

In terms of the main suppliers, Germany, with a CAGR of +24.6%, recorded the highest growth rate of 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 mixed fertilizer import price stood at $X per ton in 2022, with an increase of 18% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mixed fertilizer import price increased by +71.4% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 45%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Serbia ($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 (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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