Russian Federation - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Russia - 2022
Contents:
- NPK Fertilizer Price in Russia (FOB) - 2022
- NPK Fertilizer Price in Russia (CIF) - 2022
- NPK Fertilizer Exports in Russia
- NPK Fertilizer Imports in Russia
NPK Fertilizer Price in Russia (FOB) - 2022
The average NPK fertilizer export price stood at $453 per ton in January 2022, falling by -2.8% against the previous month. In general, export price indicated a prominent increase from January 2021 to January 2022: its price increased at an average monthly rate of +5.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, NPK fertilizer export price increased by +86.3% against January 2021 indices. The growth pace was the most rapid in May 2021 an increase of 17% against the previous month. The export price peaked at $466 per ton in December 2021, and then contracted modestly in the following month.
There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was Hungary ($625 per ton), while the average price for exports to Finland ($358 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Price in Russia (CIF) - 2022
In January 2022, the average NPK fertilizer import price amounted to $1,545 per ton, surging by 14% against the previous month. In general, the import price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in April 2021 an increase of 61% against the previous month. Over the period under review, average import prices hit record highs at $1,741 per ton in January 2021; however, from February 2021 to January 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,607 per ton), while the price for Finland ($673 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Turkey (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Exports in Russia
In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -36.2% to 3.8M tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2021 with an increase of 8.9% against the previous year. As a result, the exports reached the peak of 5.9M tons, and then fell notably in the following year.
In value terms, NPK fertilizer exports declined sharply to $1.4B in 2022. In general, exports recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 59%. As a result, the exports attained the peak of $2B, and then fell notably in the following year.
Export of NPK Fertilizer in Russia (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 295 | 165 | 152 | 219 | -9.5% |
Brazil | 204 | 133 | 492 | 175 | -5.0% |
Hong Kong SAR | 18.9 | 126 | 180 | 158 | 103.0% |
Romania | 64.9 | 77.6 | 115 | 79.0 | 6.8% |
Estonia | 21.7 | 13.7 | 19.1 | 77.2 | 52.7% |
Latvia | 108 | 79.9 | 57.1 | 64.0 | -16.0% |
Poland | 68.8 | 71.8 | 119 | 63.9 | -2.4% |
Indonesia | 6.7 | 3.7 | 19.5 | 56.7 | 103.8% |
Norway | 4.5 | 6.8 | 13.9 | 51.2 | 124.9% |
Hungary | 4.0 | 5.5 | 5.8 | 48.6 | 129.9% |
Germany | 3.1 | 2.8 | 4.1 | 42.3 | 139.0% |
Finland | 18.7 | 32.7 | 43.4 | 41.2 | 30.1% |
France | 12.9 | 9.6 | 2.9 | 37.8 | 43.1% |
Others | 636 | 545 | 802 | 266 | -25.2% |
Total | 1,467 | 1,274 | 2,025 | 1,380 | -2.0% |
Top Export Markets for NPK Fertilizer from Russia in 2022:
- Hong Kong SAR (546.3K tons)
- China (544.8K tons)
- Brazil (480.2K tons)
- Romania (224.5K tons)
- Estonia (205.9K tons)
- Latvia (168.6K tons)
- Poland (160.5K tons)
- Norway (149.2K tons)
- Finland (143.1K tons)
- Indonesia (142.9K tons)
- Germany (138.5K tons)
- France (113.9K tons)
- Hungary (96.7K tons)
NPK Fertilizer Imports in Russia
In 2022, imports of mixed nitrogen, phosphorus and potassium (NPK) fertilizers into Russia reduced notably to 6.8K tons, dropping by -64.3% on the previous year's figure. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 40% against the previous year. As a result, imports reached the peak of 19K tons, and then fell sharply in the following year.
In value terms, NPK fertilizer imports contracted significantly to $10M in 2022. In general, imports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports reached the peak of $23M, and then dropped notably in the following year.
Import of NPK Fertilizer in Russia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Israel | 2.8 | 3.1 | 3.0 | 2.2 | -7.7% |
Netherlands | 3.3 | 3.0 | 5.2 | 2.2 | -12.6% |
Belgium | 3.6 | 1.8 | 1.0 | 2.1 | -16.4% |
Italy | 0.8 | 0.9 | 0.9 | 1.9 | 33.4% |
Belarus | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
Norway | 0.1 | 0.1 | 0.3 | 0.4 | 58.7% |
Finland | 2.5 | 1.7 | 3.5 | 0.3 | -50.7% |
Spain | 2.2 | 1.0 | 2.5 | 0.2 | -55.0% |
China | 1.2 | 1.2 | 0.1 | N/A | -71.1% |
Turkey | 1.1 | 1.0 | 1.8 | N/A | 27.9% |
Others | 2.3 | 2.5 | 4.2 | 0.2 | -55.7% |
Total | 20.1 | 16.4 | 22.7 | 10.0 | -20.8% |
Top Suppliers of NPK Fertilizer to Russia in 2022:
- Israel (1557.9 tons)
- Netherlands (1197.4 tons)
- Belgium (1166.1 tons)
- Italy (930.9 tons)
- Norway (666.0 tons)
- Finland (599.9 tons)
- Belarus (427.1 tons)
- Spain (102.3 tons)
This report provides an in-depth analysis of the npk fertilizer market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4021 - NPK fertilizers
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Russia will limit its exports of two- and three-component fertilizers containing nitrogen to a total quota of 5.53M tons over six months since December 2021. As European manufactures reduce NPK production owing to the energy crisis, Russian export restrictions could lead to a fertilizer shortage in the EU market and stimulate price growth. Poland, Romania, Latvia, Finland, and Spain significantly rely on NPK fertilizer imports from Russia. The Russian Federation remains the leading world’s supplier, accounting for 30% of global NPK fertilizer exports. China, Brazil and India comprise the largest importers of NPK fertilizers from Russia.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
Russia will limit its exports of two- and three-component fertilizers containing nitrogen to a total quota of 5.53M tons over six months since December 2021. As European manufactures reduce NPK production owing to the energy crisis, Russian export restrictions could lead to a fertilizer shortage in the EU market and stimulate price growth. Poland, Romania, Latvia, Finland, and Spain significantly rely on NPK fertilizer imports from Russia. The Russian Federation remains the leading world’s supplier, accounting for 30% of global NPK fertilizer exports. China, Brazil and India comprise the largest importers of NPK fertilizers from Russia.