Ukraine: Potassic Fertilizer Market 2024

Potassic Fertilizer Market Size in Ukraine

In 2022, after four years of growth, there was significant decline in the Ukrainian potassic fertilizer market, when its value decreased by X% to $X. In general, consumption showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2021, and then reduced notably in the following year.

Potassic Fertilizer Production in Ukraine

In value terms, potassic fertilizer production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a slight setback. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Potassic fertilizer production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Potassic Fertilizer Exports

Exports from Ukraine

In 2022, overseas shipments of potassic fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a sharp descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, potassic fertilizer exports fell sharply to $X in 2022. Over the period under review, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for potassic fertilizer exports from Ukraine, with a X% share of total exports. Moreover, potassic fertilizer exports to Germany exceeded the volume sent to the second major destination, Russia (X tons), twofold. South Africa (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and South Africa (X% per year).

In value terms, Germany ($X) remains the key foreign market for potassic fertilizers exports from Ukraine, comprising X% of total exports. The second position in the ranking was taken by South Africa ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (X% per year) and the United States (X% per year).

Export Prices by Country

In 2022, the average potassic fertilizer export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded buoyant growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Moldova ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Potassic Fertilizer Imports

Imports into Ukraine

In 2022, after four years of growth, there was significant decline in purchases abroad of potassic fertilizers, when their volume decreased by X% to X tons. Overall, imports showed a deep setback. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, potassic fertilizer imports fell remarkably to $X in 2022. In general, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Poland (X tons), Uzbekistan (X tons) and Germany (X tons) were the main suppliers of potassic fertilizer imports to Ukraine, with a combined X% share of total imports.

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

In value terms, the largest potassic fertilizer suppliers to Ukraine were Poland ($X), Germany ($X) and Uzbekistan ($X), with a combined X% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of X%, 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

In 2022, the average potassic fertilizer import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a mild reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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