Key Market Indicators
Russian fertilizer production is set to reach nearly 10 million metric tons by 2026, growing an average of 2.6% year-on-year since 2014. India, Vietnam and Indonesia ranked second, third and fourth respectively. Russia is expected to import 19,490 metric tons of fertilizer by 2026, up from 17,680 metric tons in 2021, growing at a year-on-year rate of 1.6%. Since 2007, demand has increased by 2.3% year-on-year, and it ranked 85th in 2021, with Syria ahead at 17,680 metric tons. Brazil, Spain and Thailand came in second, third and fourth place respectively. Exports are predicted to reach 6.5 million metric tons by 2026, up from 5.9 million metric tons in 2021, with an average year-on-year growth rate of 1.7%. Since 2007, supply has increased by 5.4% each year. Norway, Belgium and Finland ranked second, third and fourth in 2021.
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