Russian export of potash fertilizers grew by 17% -

Russian export of potash fertilizers grew by 17%

The situation in the potash fertilizer market in 2020 may become unstable.

Russian export of potash fertilizers grew by 17%

It's no secret that growing crops require regular fertilizer use. And following the popular wisdom “Fertilize more land - the harvest will be higher”, consider it with a concrete example.
An analysis of fertilizer exports (TNVED group 31) from Russia for the period 2017 - 2019 showed a steady increase in supplies to the international market. The total export value for the entire group amounted to $ 23.81 billion, with a cargo weight of 102.94 million tons. The maximum supply fell in 2019, the minimum - in 2017.
The basis of export deliveries in 2019, according to the report of the StatImEx information portal, was:
1) Mineral or chemical fertilizers containing two or three nutrients nitrogen, potassium phosphorus (code 3105) = 37.68% of all volumes
2) Nitrogen fertilizers (code 3102) = 34.47%
3) Potash fertilizers (code 3104) = 27.82%
The use of potassium in fertilizers is an important condition for fruiting. The popularity of potash fertilizers is due to their effectiveness and the least impact on the soil, providing a good volume and quality of the crop, as well as resistance to various stresses. With a deficiency of potassium, plants grow poorly and bear fruit. Potassium-based fertilizers are long-lasting, and this is their great advantage.
Over the three years from 2017 to 2019, 29.17 million tons of potash fertilizers were exported for a total amount of $ 6.47 billion.

If in 2018, Russia reduced the export of potash fertilizer deliveries by 20% from the same period in 2017 to 8.72 million tons. ($ 2 billion), by the end of 2019, the level of deliveries increased by 17% and amounted to $ 2.34 billion, respectively 9.42 million tons. According to the VED-Stat Analytical Group, the lion's share of supplies of potassium chloride to the world market is provided by PJSC Uralkali. The share of other suppliers is small, their leading ten are given in the article on Throughout 2019, potassium demand in Southeast Asia remained weak amid low palm oil prices. Demand for potash fertilizers is usually activated in late autumn, because by spring the chlorine, which is part of these fertilizers, disappears and the plant receives a safe trace element.
In 2019, the leading recipients of exports were:
1. Brazil (share by value - 34.15%, share by quantity - 32.08%);
2. China (share by value - 23.23%, share by quantity - 24.76%);
3. United States (share by value - 7.13%, share by quantity - 7.05%);

Almost the entire export of potash fertilizers was provided by two Russian regions:
• Perm Region, of which supplies amounted to $ 2.16 billion in value and 8.75 million tons in physical volume, which amounted to 92.32% of the total export of potash fertilizers.
• Kemerovo region ($ 154.71 million, 589.49 thousand tons), or 6.62% of export according to the TNVED code 3104.
The situation in the potash fertilizer market in 2020 may become unstable: China, as the epicenter of the coronavirus, is one of the leading players in this market. Due to the pandemic, the demand for potash fertilizers can be significantly reduced, but here we can count on an increase in demand in Asia because the main volumes of the product are supplied not to China, but to North and Latin America. The development of the investment program for the construction of new plants will also bring its positive dynamics to the development of the industry.
In preparing the material used statistics portal

15.04.2020 09:23:28
(Automatic translation)


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