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Australia - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Feb 1, 2025

Australia - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights

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Oct 3, 2024

Australia's Import of Nitrogenous Fertilizer Falls Dramatically to $1.6B in 2023

Australia Nitrogenous Fertilizer Imports

In 2023, overseas purchases of nitrogenous fertilizers (mineral or chemical) increased by 12% to 4.1M tons, rising for the fifth consecutive year after two years of decline. In general, total imports indicated a prominent increase from 2013 to 2023: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by +62.8% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 27% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, nitrogenous fertilizer imports shrank sharply to $1.6B (IndexBox estimates) in 2023. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. Imports peaked at $2.6B in 2022, and then shrank markedly in the following year.Australia Nitrogenous Fertilizer Imports By Country (Million USD)

COUNTRYImport Value of Nitrogenous Fertilizer in Australia (million USD)
20132014201520162017201820192020202120222023
United Arab Emirates13.229.874.568.642.736.351.1158282337309
Qatar267222146135125205162118300397235
Saudi Arabia10015413110213089.0129166249549220
United States1.12.91.01.58.16.92.73.31.973.5164
Malaysia40.339.242.027.178.082.357.9125170339152
China72.989.058.489.211510912873.7114113121
Indonesia76.411551.665.825.514.682.940.914527397.1
Russia45.718.95.56.18.148.351.048.011175.3N/A
Others17987.681.158.7130151108134126432298
Total7967585925546627427738671,5002,5881,597

Imports by Country

the United Arab Emirates (776K tons), Qatar (642K tons) and Saudi Arabia (608K tons) were the main suppliers of nitrogenous fertilizer imports to Australia, with a combined 49% share of total imports. the United States, China, Malaysia and Indonesia lagged somewhat behind, together accounting for a further 35%.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +77.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nitrogenous fertilizer suppliers to Australia were the United Arab Emirates ($309M), Qatar ($235M) and Saudi Arabia ($220M), with a combined 48% share of total imports. the United States, Malaysia, China and Indonesia lagged somewhat behind, together comprising a further 33%.

In terms of the main suppliers, the United States, with a CAGR of +65.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Imports by Type

In 2023, urea (3.2M tons) constituted the largest type of nitrogenous fertilizers (mineral or chemical) supplied to Australia, accounting for a 78% share of total imports. Moreover, urea exceeded the figures recorded for the second-largest type, mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution (428K tons), sevenfold. The third position in this ranking was held by ammonium sulphate (287K tons), with a 7% share.

From 2013 to 2023, the average annual growth rate of the volume of urea imports stood at +6.2%. With regard to the other supplied products, the following average annual rates of growth were recorded: mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution (+11.5% per year) and ammonium sulphate (+16.6% per year).

In value terms, urea ($1.2B) constituted the largest type of nitrogenous fertilizers (mineral or chemical) supplied to Australia, comprising 77% of total imports. The second position in the ranking was held by mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution ($162M), with a 10% share of total imports. It was followed by ammonium nitrate, with a 7.3% share.

Import Prices by Country

In 2023, the nitrogenous fertilizer price stood at $389 per ton (CIF, Australia), dropping by -44.9% against the previous year. Overall, the import price, however, saw a mild expansion. The most prominent rate of growth was recorded in 2022 an increase of 71%. As a result, import price reached the peak level of $706 per ton, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($467 per ton), while the price for China ($294 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the nitrogenous fertilizer market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 4001 -
  • FCL 4002 -
  • FCL 4003 -
  • FCL 4004 -
  • FCL 4005 -
  • FCL 4006 -
  • FCL 4008 -

Country coverage:

  • Australia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Australia
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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