RUSSIA SPECIALTY FERTILIZER MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The market for speciality fertilisers in Russia is anticipated to grow at a CAGR of 3.93%. With a volume of 1.4 million metric tonnes, the water-soluble fertiliser market in Russia was valued at USD 935.6 million in 2021. In 2021, water-soluble fertilisers held a share of 55.0% and were the most widely used speciality fertilisers.

Due to a disparity in price between liquid and water-soluble fertilisers in the nation, water-soluble fertilisers held a share of 54.0% in terms of value in the same year. When compared to water-soluble DAP fertiliser in the same year, the price of liquid diammonium phosphate (DAP) in Russia was estimated to be USD 4,775.0 per metric tonne in 2022.

With an 8.0% share of the entire liquid fertiliser industry in Europe, Russia is the second-largest consumer of liquid fertilisers in the area. In 2021, the nation used liquid fertilisers worth USD 740.6 million, or 1.1 million metric tonnes.
Throughout the study period, the controlled-release fertiliser market experienced steady growth. Field crops led the market with a 91.4% share, and horticultural crops came in second in 2021.
With a volume of 24.5 thousand metric tonnes, the slow-release fertiliser industry in Russia was estimated to be worth USD 21.4 million in 2022. The market is anticipated to reach a value of USD 27.9 million by 2028 as a result of the advantages that slow-release fertilisers provide for both the economy and the environment.

Major Players: EuroChem Group, ICL Speciality Fertilizers, PhosAgro Group of Companies, Trade Corporation International and Valagro

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