Development trends of the Russian fertilizer market

Trends in the use of fertilizers for plant nutrition and increasing soil fertility are subject to changing, which necessitates regular study. The purpose is to study the development trends of the Russian fertilizer market in order to assess whether it is necessary to adapt the production and market strategies of enterprises in the industry to changing conditions. Methods of generalization, analysis, description, comparison are used in the article. The information base of the study was the data of the Federal State Statistics Service for a five-year period, open data of the Ministry of Agriculture of Russia. The mineral fertilizers market in the country is formed, represented by large manufacturers, the share of organizations that have costs for product innovations in the fertilizer industry is above the average for the economy. The changes in the dynamics of indicators of the mineral fertilizers market of the Russian Federation are revealed. After the growth of indicators in the period 2018-2021 there was a decrease in the production volume of mineral fertilizers in the Russian Federation in 2022 compared to the level of 2021, a decrease in the export volume, a change in the geography of supplies. In the domestic market, over a five-year period, there has been a steady increase in the purchase of mineral fertilizers and their application for crops by agricultural organizations of the Russian Federation. The application volumes of organic fertilizers for the same period did not change significantly, there was an increase in the supply of fertilizers for organic agriculture. The Russian organic fertilizer market is fragmented and it is in the process of formation, its dynamics is influenced by legislative changes, economic factors and the development of organic agriculture. The obtained results should be taken into account when forming production and market strategies of enterprises in the industry.