Global mineral fertilizer market analysis.

The article presents an analysis of trends in the dynamics and structure of demand, supply, foreign trade, development factors of the world mineral fertilizer market: nitrogen, phosphate and potash segments. There have been identified the market trend of growing demand for mineral fertilizers, which has increased 6 times since 1961, the fact being connected with the population growth. A model of the correlation between the fertilizers demand growth and arable land scale shows the following correlation: when arable land scale increases by 1%, fertilizer consumption grows by 0.7%, with the determination of 50%. The calculation of changes in using fertilizers in terms of cutting down the arable land area under crops in the Russian Federation compared to the USSR using this model has revealed the fertilizer underutilization which is equal to the half of the amount that could be applied on average in Russia today. Production approached the regions of consumption and was relocated from the developed countries to developing ones. The largest dealers in the world market in 2017 were China, Russia, India, the USA, Canada, Brazil, and market concentration is quite high, especially in the potash segment. The dependence on foreign trade of both exporting and importing countries is high. Analysis of the specific market condition factors showed that the countries with the highest cereal yields in the world do not coincide with the largest fertilizer consumers. Since the cereal yields and the level of using fertilizers per hectare of arable land in the largest mineral fertilizers consuming countries are not directly correlated, the countries aiming to increase yields are less likely to achieve it by increasing their aggregate fertilizer consumption, but using other yields rising methods