Ukraine: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Ukraine

The Ukrainian NPK fertilizer market dropped sharply to $X in 2022, waning by -49.7% against the previous year. Overall, consumption saw a noticeable reduction. 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 Ukraine

In value terms, NPK fertilizer production reached $X in 2022 estimated in export price. Over the period under review, production recorded a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 102% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Npk Fertilizer Exports

Exports from Ukraine

In 2022, npk fertilizer exports from Ukraine contracted sharply to X tons, waning by -68.6% on the year before. Overall, exports faced a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 33%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, NPK fertilizer exports reduced rapidly to $X in 2022. Over the period under review, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 28%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X tons), Egypt (X tons) and Bulgaria (X tons) were the main destinations of NPK fertilizer exports from Ukraine, with a combined 64% 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 Spain (with a CAGR of +1,686.5%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Egypt ($X) and Moldova ($X) constituted the largest markets for NPK fertilizer exported from Ukraine worldwide, with a combined 57% share of total exports. The Czech Republic, Bulgaria, Russia and Spain lagged somewhat behind, together accounting for a further 43%.

Spain, with a CAGR of +429.1%, recorded the highest growth rate of 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

In 2022, the average NPK fertilizer export price amounted to $X per ton, waning by -15% against the previous year. Overall, the export price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 81%. The export price peaked at $X per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Spain ($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 (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Ukraine

NPK fertilizer imports into Ukraine fell notably to X tons in 2022, waning by -71.1% compared with the previous year. In general, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, NPK fertilizer imports declined notably to $X in 2022. Over the period under review, imports recorded a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 45%. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Poland (X tons), Belarus (X tons) and Lithuania (X tons) were the main suppliers of NPK fertilizer imports to Ukraine, with a combined 80% share of total imports. Serbia, Finland, Turkey, Austria, Spain and Jordan lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +144.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to Ukraine, comprising 45% of total imports. The second position in the ranking was held by Belarus ($X), with a 19% share of total imports. It was followed by Lithuania, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at +59.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-2.1% per year) and Lithuania (+53.5% per year).

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, rising by 62% against the previous year. Over the period under review, the import price saw a pronounced increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 Serbia (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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