Russia Fertilizer Market Research Report, 2027

Russia Fertilizer Market Research Report, 2027

Actual Market Research 06-08-2022 68 Pages Figures : 6 Tables : 26 Region : Europe Country : Russia Category : Food & Beverages Agriculture

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"If the fertilisers don’t flow, then the world will produce less," United Nations Food and Agriculture Organization (FAO) chief economist Máximo Torero said in an interview. From the statement above, we can concur that the fertiliser market in any country is a crucial part of not just its economy but also its social welfare and the sustainability of food supply. The country of Russia is the fourth largest producer of fertiliser in the world but also the largest exporter of fertiliser in the world, which exports the majority of the fertiliser to countries like China, the U.S., India, and Brazil, along with Hong Kong. According to the OEC, Russia exported fertilisers worth USD 7.6 billion in the year 2020. This made fertiliser the 7th most exported commodity in the country. Out of these exports, the MOP(muriate of potash) fertilisers were the largest to be exported, followed by urea fertilisers and ammonia fertilizers. Russia is a big producer and exporter of fertilisers as they have rich raw materials like natural gas, which is the most expensive part of making a fertilizer. This is the major reason the market experiences growth in the country. Recent developments, as a result of the country's social situation, have seen its administration make harsh decisions, such as the country's plan to suspend fertiliser exports to other countries. This doesn’t only pose a supply chain issue to other countries, but the fertiliser market within the country is also going to transform drastically because of this change in policy. According to the research report titled, "Russia Fertilizer Market Research Report, 2027," published by Actual Market Research, the fertiliser market in Russia has historically grown with a CAGR of 10.16% till the year of 2027, but the rate of growth seems to decline in the future due to various different factors. The market majorly produces complex nutrient fertilizers, which is a category along with nitrogenous, phosphatic, and potash fertilisers in the segment divided on the basis of nutrients. Complex nutrient fertilisers are those which use at least one primary nutrient and two secondary nutrients needed by the plant to grow. These fertilisers generally consist of a blend of nitrogen, phosphorus, and potash, the three main nutrients needed by the plant and, in short, are termed as NPK fertilizers. Other combinations of complex fertilisers are not so popular and are created to treat the specific requirements of very specific plant types. An unusuality noticed in the market is that the segment of nitrogenous fertilisers is abnormally smaller compared to the global trend. This is because the nitrogen produced in the market gets consumed for making complex fertilizers. According to the product type, the market is segmented into many different categories which are AS-ammonium sulphate, Urea, CAN/AN-ammonium nitrate, di-ammonium phosphate, mono-ammonium phosphate, Muriate of potash, and complex fertiliser products, and three other segments which include potassium nitrate, phosphate rock, and ammonium anhydrous. The complex fertiliser is the largest product segment among these fertilizers, accounting for approximately 40% of the total market in 2021. This segment is followed by MAP, Phosphate rocks, and MOP, respectively. Complex nutrients are the most resource-intensive fertilisers to produce. This is where Russia holds an advantage with its abundance of natural gas and thus is focused on manufacturing such products. Because of the widespread use of complex fertilizers, di-ammonium phosphate, which is a popular product in other parts of the world, has failed to gain traction in the country. Russia is situated in the subtropical climate situation towards the north, so this country observes vegetation of strawberries, watermelon, and other berries with growth in onion, garlic, cabbage, and radish. But the production of cereals and grains remains the more prominent one as the fertiliser segment produces most of the products in the country for the application of these crops. The cereals and crop segment consist of more than 50% of the total market share by application for fertilizers. This segment is then accompanied by the vegetables and fruits segment, and both of these combined cover around 85% of the total market share, leaving little room for the two other segments, which are oilseeds and pulses, and other segments, which include cotton and jute with crops produced for industrial uses. The market in Russia has been experiencing its ups and downs, majorly due to the volatile nature of the government along with its tendencies to change and remodel policies as they choose. This creates uncertainty for the domestic market and causes interruptions in the supply chain from time to time. This risky nature of the market keeps it from growing even though the demand for fertilisers is quite evident. Considered in this report Geography: Russia Historic Year: 2016 Base year: 2021 Estimated year: 2022 Forecast year: 2027 Aspects covered in this report Russia fertilizer market with its value and forecast along with its segments Application wise fertilizer consumption Various drivers and challenges On-going trends and developments Top profiled companies Strategic recommendation Types of fertilizer by nutrient in the report: Nitrogenous fertilizer (Urea, ammonium sulphate, Calcium ammonium nitrate/ ammonium nitrate, others UAN, anhydrous ammonia etc.) Phosphate fertilizer (Di-ammonium phosphate, mono-ammonium phosphate, others phosphate rock, superphosphates etc.) Potash fertilizer (Muriate of potash/potassium chloride, sulphate of potash others potassium nitrate etc.) Complex fertilizer (NPK, NK, PK, NP compounds etc.) By Product type in the report: Urea Ammonium sulphate Calcium ammonium nitrate/ Ammonium nitrate Di-ammonium phosphate (DAP) Mono-ammonium phosphate (MAP) Muriate of potash (MOP)/ (KCl) Sulphate of potash (SOP) Complex (NPK, NK, PK, NP) By Application used for in the report: Vegetables & Fruits Cereals & Grains Oilseeds & pulses Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to fertilizer industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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