Ukraine: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Ukraine

The Ukrainian mixed fertilizer market dropped remarkably to $X in 2022, with a decrease of -61.1% against the previous year. Overall, consumption showed a perceptible contraction. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Mixed Fertilizer Production in Ukraine

In value terms, mixed fertilizer production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 1,623% against the previous year. Mixed fertilizer production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Ukraine

In 2022, mixed fertilizer exports from Ukraine plummeted to X tons, falling by -42.3% on 2021 figures. In general, exports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 152% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mixed fertilizer exports contracted markedly to $X in 2022. Over the period under review, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 37%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lithuania (X tons) was the main destination for mixed fertilizer exports from Ukraine, accounting for a 66% share of total exports. Moreover, mixed fertilizer exports to Lithuania exceeded the volume sent to the second major destination, Turkey (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Lithuania amounted to +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (-36.3% per year) and Spain (+803.6% per year).

In value terms, the largest markets for mixed fertilizer exported from Ukraine were Lithuania ($X), Turkey ($X) and Egypt ($X), together accounting for 77% of total exports. Moldova, Bulgaria, Spain and Romania lagged somewhat behind, together accounting for a further 11%.

Among the main countries of destination, Spain, with a CAGR of +251.9%, 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

In 2022, the average mixed fertilizer export price amounted to $X per ton, approximately equating the previous year. In general, the export price, however, saw a modest expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 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 Moldova ($X per ton), while the average price for exports to Lithuania ($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 Moldova (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Ukraine

Mixed fertilizer imports into Ukraine reduced notably to X tons in 2022, dropping by -73.7% compared with the previous year. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mixed fertilizer imports dropped dramatically to $X in 2022. In general, imports continue to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Poland (X tons), Belarus (X tons) and Lithuania (X tons) were the main suppliers of mixed fertilizer imports to Ukraine, with a combined 71% share of total imports. Serbia, Turkey, Greece, Latvia, Finland, Kazakhstan, Austria, Spain and Morocco lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of +90.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of mixed fertilizers to Ukraine, comprising 39% of total imports. The second position in the ranking was held by Belarus ($X), with a 16% share of total imports. It was followed by Lithuania, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland totaled +60.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-2.0% per year) and Lithuania (+58.8% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, jumping by 62% against the previous year. Overall, the import price saw perceptible growth. As a result, import price attained the peak level and is likely to continue 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 Spain ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+36.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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