Slovenia: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Slovenia

In 2023, after two years of growth, there was significant decline in the Slovene mixed fertilizer market, when its value decreased by X% to $X. Over the period under review, consumption recorded a slight shrinkage. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2023, consumption remained at a lower figure.

Mixed Fertilizer Production in Slovenia

In value terms, mixed fertilizer production dropped modestly to $X in 2023 estimated in export price. In general, production, however, saw a noticeable descent. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Slovenia

In 2023, the amount of mixed fertilizers exported from Slovenia surged to X tons, picking up by X% compared with the previous year. Overall, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the near future.

In value terms, mixed fertilizer exports reduced dramatically to $X in 2023. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2022, and then shrank remarkably in the following year.

Exports by Country

Hungary (X tons) was the main destination for mixed fertilizer exports from Slovenia, with a X% share of total exports. Moreover, mixed fertilizer exports to Hungary exceeded the volume sent to the second major destination, Croatia (X tons), sixfold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume 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 Italy (X% per year).

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

From 2012 to 2023, the average annual growth rate of value to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Croatia (X% per year).

Export Prices by Country

In 2023, the average mixed fertilizer export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the average 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 Germany ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Fertilizer Imports

Imports into Slovenia

In 2023, purchases abroad of mixed fertilizers decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, mixed fertilizer imports shrank dramatically to $X in 2023. In general, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

Russia (X tons), Morocco (X tons) and Italy (X tons) were the main suppliers of mixed fertilizer imports to Slovenia, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Russia ($X) and Italy ($X) constituted the largest mixed fertilizer suppliers to Slovenia, together accounting for X% of total imports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform