Slovenia: Fertilizer Market 2024

Fertilizer Market Size in Slovenia

The Slovene fertilizer market surged to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Fertilizer Production in Slovenia

In value terms, fertilizer production dropped sharply to $X in 2022 estimated in export price. In general, production saw a noticeable decrease. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports from Slovenia

In 2022, overseas shipments of fertilizers increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, fertilizer exports surged to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X tons), Croatia (X tons) and Austria (X tons) were the main destinations of fertilizer exports from Slovenia, together accounting for X% of total exports. Italy, Slovakia and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

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

In value terms, Hungary ($X) remains the key foreign market for fertilizers exports from Slovenia, comprising X% of total exports. The second position in the ranking was held by Croatia ($X), with an X% share of total exports. It was followed by Austria, with an X% share.

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

Export Prices by Country

In 2022, the average fertilizer export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2020 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 remained at a lower figure.

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

Fertilizer Imports

Imports into Slovenia

In 2022, supplies from abroad of fertilizers increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, imports showed a remarkable increase. 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. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) constituted the largest fertilizer supplier to Slovenia, accounting for a X% share of total imports. Moreover, fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Croatia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Croatia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of fertilizers to Slovenia, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Morocco, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the average fertilizer import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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 Morocco ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform