Multi nutrient fertilizers market in Russia

Earlier Report Observations

Between 2018 and 2022, the market volume for multi nutrient fertilizers in Russia expanded consistently from 2.3 million tons to 4.3 million tons. This growth was primarily driven by state policies such as the introduction of export quotas in December 2018, which restricted overseas shipments to secure domestic supply. Additionally, government-coordinated purchase plans with agricultural producers guaranteed demand exceeding 14 million tons, while investments in new production complexes under import substitution programs boosted output.

In 2023, the market volume declined to 3.6 million tons as some export restrictions were lifted, allowing producers to redirect more fertilizer abroad. The following year, however, the market rebounded sharply to 4.8 million tons after the renewal of export quotas from June to November 2024, which again prioritized domestic availability. The commissioning of Uralchem's ammonia terminal in late 2023 enhanced export capabilities, but the reinstated quotas temporarily mitigated its impact on the home market.

Throughout the period, state-owned giants like PhosAgro and Uralchem played a pivotal role in distribution and capacity expansion. Sanctions from 2021 onward and logistical constraints after 2022 reshaped the operating landscape, but the domestic market remained resilient due to continued focus on food security and internal price stabilization measures.

Production multi nutrient fertilizers in Russia

In kind, 2018-2021, K t

Russia's multi-nutrient fertilizer production has grown for the third year in a row. In 2021, the country produced 14 832 thousand tons, marking a 4.4% increase from the previous year. Over the period from 2018 to 2021, production rose by 9.7%, with an average annual growth rate of 3.1%.

Annual dynamics of production in Russia in kind, 2018-2021, K t

Exports multi nutrient fertilizers from Russia

Exports in kind, K t

Russia's exports of multi-nutrient fertilizers have increased for the second consecutive year. In 2021, exports reached 11 038 thousand tons, up 2.7% from 2020. The lowest level was recorded in 2019 at 10 615 thousand tons, which also saw the largest decline of 5.3%.

Annual dynamics of product's exports from Russia in kind, 2018-2021, K t

From 2018 to 2021, Brazil, Estonia, and China were the top buyers of Russian multi-nutrient fertilizers, accounting for 18.4%, 8.6%, and 7.9% of exports in kind, respectively. Together, they made up 34.9% of total exports, indicating a diversified market with many other countries involved.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Russia in kind, 2018-2021

Exports in value, M $ US

The export market showed significant volatility during this period. Exports hit their lowest point in 2020 at 2 711 million US dollars, with a decline of 13.2% that year. By 2021, exports surged to 4 659 million US dollars, a 71.9% year-over-year increase, creating a 1.7-fold gap between the peak and trough.

Annual dynamics of product's exports from Russia in value, 2018-2021, M $ US

In value terms from 2018 to 2021, the export market was broad-based. Brazil, Estonia, and India were the leading destinations, contributing 19.7%, 9.3%, and 6.7% of exports in value, respectively. Combined, they accounted for 35.6% of total flows, while the remaining 64.4% was distributed among numerous other countries.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Russia in value, 2018-2021

Imports multi nutrient fertilizers to Russia

Imports in kind, K t

Russia's imports of multi-nutrient fertilizers have risen for the third year in a row. In 2021, imports totaled 97 thousand tons, a 1.0% increase from the previous year. Between 2018 and 2021, imports grew by 51.4%, translating to an average annual rate of 14.8%.

Annual dynamics of product's imports to Russia in kind, 2018-2021, K t

From 2018 to 2021, Kazakhstan was the primary supplier of multi-nutrient fertilizers to Russia, holding 74.3% of total imports in kind. The rest came from a diverse group of other countries.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Russia in kind, 2018-2021

Imports in value, M $ US

In 2021, Russia imported 61 million US dollars worth of multi-nutrient fertilizers, a 55.7% jump from 2020. Over the 2018-2021 period, imports increased by 64.7%, with an average annual growth rate of 18.1%. The largest drop occurred in 2020, with a 5.4% decline.

Annual dynamics of product's imports to Russia in value, 2018-2021, M $ US

During 2018-2021, Kazakhstan, the Netherlands, and Israel were the key sources for Russia's imports in value terms, accounting for 42.6%, 7.9%, and 7.7% of imports, respectively. Together, they made up 58.2% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Russia in value, 2018-2021