Eastern Europe: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Eastern Europe

In 2023, the East European nitrogenous fertilizer market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2016 indices. Over the period under review, the market reached the maximum level at $X in 2022, and then contracted in the following year.

Nitrogenous Fertilizer Production in Eastern Europe

In value terms, nitrogenous fertilizer production totaled $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports in Eastern Europe

In 2023, approx. X tons of nitrogenous fertilizers (mineral or chemical) were exported in Eastern Europe; increasing by X% on 2022. Over the period under review, exports, however, recorded a pronounced reduction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports shrank rapidly to $X in 2023. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then contracted markedly in the following year.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. Poland (X tons) took the second position in the ranking, followed by Lithuania (X tons) and Slovakia (X tons). All these countries together held approx. X% share of total exports. The following exporters - Hungary (X tons), Belarus (X tons) and Bulgaria (X tons) - each amounted to an X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to nitrogenous fertilizer exports from Russia stood at X%. At the same time, Bulgaria (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Slovakia experienced a relatively flat trend pattern. By contrast, Poland (X%), Belarus (X%) and Lithuania (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Lithuania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest nitrogenous fertilizer supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, showed measured growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Russia ($X per ton) and Bulgaria ($X per ton), while Lithuania ($X per ton) and Belarus ($X per ton) were amongst the lowest.

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

Nitrogenous Fertilizer Imports

Imports in Eastern Europe

In 2023, purchases abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a buoyant expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, nitrogenous fertilizer imports reduced dramatically to $X in 2023. Over the period under review, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then declined rapidly in the following year.

Imports by Country

In 2023, Poland (X tons), Romania (X tons), Ukraine (X tons), Hungary (X tons), the Czech Republic (X tons) and Lithuania (X tons) represented the main importer of nitrogenous fertilizers (mineral or chemical) in Eastern Europe, committing X% of total import. It was distantly followed by Latvia (X tons), Slovakia (X tons) and Bulgaria (X tons), together mixing up a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer importing markets in Eastern Europe were Poland ($X), Romania ($X) and Ukraine ($X), with a combined X% share of total imports.

Among the main importing countries, Romania, with a CAGR of X%, saw 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 2023, the import price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, recorded a mild expansion. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ukraine ($X per ton), while Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform