Amid a major cut in Russian natural gas supplies to Europe in 2023, other Russian companies have increased sales to continental countries of gas processing product(s) such as nitrogen fertilizers. Kommersant writes this, referring to data from the Center for Price Indices.
Russia is the leader in this market, and its share in Europe’s total imports increased last year by 2 percentage points to 24%, according to the Center’s data. This dynamic is related to gas prices and the decline in the production of nitrogen fertilizers in European countries.
Against the background of unprofitable domestic production in 2023, former buyers of Russian gas increased imports of artificial fertilizers from the Russian Federation. For example, Germany almost doubled its import of artificial fertilizers from Russia last year, and compared to 2021, the increase is about seven times, up to 550 thousand tons. And France for 2023, compared to the previous two years, registered an increase in purchases of Russian nitrogen fertilizers by 25 percent and twice, respectively, to 440 thousand tons.
Recently, German media in this regard raised the issue of the sharp increase in the supply of nitrogen fertilizers from Russia. According to Martin May, a representative of the German Agricultural Association, gas and other energy resources account for 80-90% of the cost of manufactured fertilizers, which is why Germany continues to pay for the same Russian gas, but only in the form of fertilizers, for the production of which has been spent.
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2024-02-21 14:36:27
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