CIS: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in CIS

After two years of growth, the CIS nitrogenous fertilizer market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Nitrogenous Fertilizer Production in CIS

In value terms, nitrogenous fertilizer production rose significantly to $X in 2023 estimated in export price. The total production indicated slight 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, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Nitrogenous Fertilizer Exports

Exports in CIS

In 2023, nitrogenous fertilizer exports in the CIS totaled X tons, growing by X% compared with 2022 figures. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports fell to $X in 2023. Over the period under review, exports enjoyed notable growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then reduced 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. The following exporters - Belarus (X tons), Uzbekistan (X tons) and Azerbaijan (X tons) - together made up X% 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, Azerbaijan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan and Azerbaijan increased by X and X percentage points, respectively.

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

In Russia, nitrogenous fertilizer exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, saw a temperate expansion. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

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

Nitrogenous Fertilizer Imports

Imports in CIS

In 2023, overseas purchases of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons, falling for the third year in a row after five years of growth. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, nitrogenous fertilizer imports reduced to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2022, and then contracted in the following year.

Imports by Country

Kazakhstan was the key importing country with an import of around X tons, which reached X% of total imports. Moldova (X tons) ranks second in terms of the total imports with a X% share, followed by Kyrgyzstan (X%), Tajikistan (X%), Belarus (X%), Armenia (X%) and Azerbaijan (X%).

From 2012 to 2023, average annual rates of growth with regard to nitrogenous fertilizer imports into Kazakhstan stood at X%. At the same time, Tajikistan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Armenia experienced a relatively flat trend pattern. By contrast, Kyrgyzstan (X%), Azerbaijan (X%) and Belarus (X%) illustrated a downward trend over the same period. While the share of Moldova (X p.p.), Tajikistan (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Azerbaijan (X p.p.) and Belarus (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X), Moldova ($X) and Tajikistan ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Tajikistan, 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

The import price in the CIS stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform