Price for Fertilizers; Mineral or Chemical, Nitrogenous in Romania - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Romania (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Romania (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Romania
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Romania
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Romania (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $350 per ton in June 2023, waning by -6% against the previous month. Overall, the import price continues to indicate a noticeable setback. The most prominent rate of growth was recorded in September 2022 an increase of 4.4% against the previous month. Over the period under review, average import prices hit record highs at $666 per ton in October 2022; however, from November 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were China ($406 per ton) and Ukraine ($396 per ton), while the price for Austria ($271 per ton) and Russia ($288 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Romania (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $359 per ton in June 2023, falling by -23% against the previous month. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in August 2022 an increase of 11% m-o-m. The export price peaked at $781 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Slovakia ($602 per ton), while the average price for exports to Ukraine ($318 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (-2.5%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Romania
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Romania surged to 2.2M tons, growing by 69% compared with the previous year. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $1.2B in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 26.4 | 13.2 | 58.5 | 184 | 91.0% |
| Bulgaria | 68.1 | 57.1 | 106 | 183 | 39.0% |
| Ukraine | 18.4 | 27.7 | 74.6 | 104 | 78.1% |
| Turkmenistan | 8.0 | 19.6 | 32.1 | 94.6 | 127.8% |
| Russia | 13.8 | 10.9 | 22.3 | 80.9 | 80.3% |
| Uzbekistan | 0.1 | 0.8 | 5.9 | 79.2 | 825.2% |
| Turkey | 4.6 | 1.1 | 20.0 | 70.8 | 148.7% |
| China | 0.2 | 0.5 | N/A | 43.6 | 501.8% |
| Hungary | 19.0 | 21.0 | 30.5 | 41.0 | 29.2% |
| Slovakia | 13.7 | 15.7 | 27.2 | 39.4 | 42.2% |
| Austria | 18.3 | 13.8 | 23.8 | 39.2 | 28.9% |
| Poland | 4.0 | 4.8 | 7.6 | 26.2 | 87.1% |
| Georgia | 11.7 | 14.0 | 42.0 | 23.7 | 26.5% |
| Others | 34.1 | 22.5 | 56.2 | 192 | 77.9% |
| Total | 240 | 223 | 506 | 1,202 | 71.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Romania in 2022:
- Egypt (238.8K tons)
- Bulgaria (233.5K tons)
- Turkey (220.6K tons)
- Austria (160.6K tons)
- Ukraine (145.4K tons)
- Hungary (132.9K tons)
- Russia (131.8K tons)
- Turkmenistan (127.9K tons)
- Slovakia (126.5K tons)
- Poland (107.4K tons)
- China (99.7K tons)
- Uzbekistan (97.9K tons)
- Georgia (63.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Romania
In 2022, approx. 417K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Romania; rising by 74% on the previous year. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 120%. As a result, the exports attained the peak of 569K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $159M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 21.2 | 18.7 | 30.4 | 78.3 | 54.6% |
| Bulgaria | 15.4 | 15.4 | 23.8 | 24.9 | 17.4% |
| Croatia | 0.3 | 0.1 | 1.8 | 13.2 | 253.0% |
| Slovakia | 4.5 | 5.1 | 5.1 | 11.8 | 37.9% |
| Moldova | 1.2 | 1.6 | 2.2 | 6.8 | 78.3% |
| Serbia | 7.8 | 19.4 | 4.7 | 5.8 | -9.4% |
| Ukraine | 5.3 | 3.4 | 0.9 | 5.7 | 2.5% |
| Morocco | N/A | 4.8 | N/A | N/A | 0% |
| Mexico | N/A | 6.4 | N/A | N/A | 0% |
| Turkey | 5.7 | 18.5 | 0.1 | N/A | -86.8% |
| Others | 5.6 | 30.8 | 17.5 | 12.7 | 31.4% |
| Total | 66.9 | 124 | 86.4 | 159 | 33.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Romania in 2022:
- Turkey (undefinedK tons)
- Hungary (197.8K tons)
- Bulgaria (62.9K tons)
- Croatia (40.3K tons)
- Slovakia (29.4K tons)
- Ukraine (28.1K tons)
- Serbia (16.2K tons)
- Moldova (13.6K tons)
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