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Brazil - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Brazil - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights

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Jun 2, 2023

Mixed Fertilizer Price in Brazil Increases Markedly to $639 per Ton

Brazil Mixed Fertilizer Import Price in February 2023

In February 2023, the mixed fertilizer price stood at $639 per ton (CIF, Brazil), surging by 6.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 20% m-o-m. Over the period under review, average import prices reached the maximum at $1,062 per ton in June 2022; however, from July 2022 to February 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was China ($1,257 per ton), while the price for Finland ($519 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYImport Price of Mixed Fertilizer in Brazil (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
China7217221,2218238899778947337737989241,0721,257
Morocco5976948881,0721,2341,1261,0519538771,7901,484666660
Russia7027219059431,0231,017923751705651594597603
United States7607918769351,0891,0601,050897771803574433602
Norway700731667809912764761715645686646N/A548
Finland775756747793865891825800992714N/A794519
Saudi Arabia8287628921,0471,1631,1411,040985880750670600N/A
Average7087398849731,0621,032960828781716628599639

Brazil Mixed Fertilizer Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was mixed phosphorus and potassium (PK) fertilizers ($2,226 per ton), while the price for mixed nitrogen, phosphorus and potassium (NPK) fertilizers ($524 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by fertilizers, mineral or chemical; containing nitrates and phosphates (+0.3%), while the prices for the other products experienced a decline.

Brazil Mixed Fertilizer Imports

After two months of growth, supplies from abroad of mixed fertilizers decreased by -18.5% to 454K tons in February 2023. Over the period under review, imports saw a noticeable reduction. The most prominent rate of growth was recorded in May 2022 when imports increased by 51% against the previous month. As a result, imports attained the peak of 1.2M tons. From June 2022 to February 2023, the growth of imports failed to regain momentum.

In value terms, mixed fertilizer imports dropped to $290M (IndexBox estimates) in February 2023. In general, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in May 2022 with an increase of 66% m-o-m.

Brazil Mixed Fertilizer Imports by Type

In February 2023, monoammonium phosphate (MAP) (324K tons) constituted the largest type of mixed fertilizer supplied to Brazil, accounting for a 71% share of total imports. Moreover, monoammonium phosphate (MAP) exceeded the figures recorded for the second-largest type, mixed nitrogen, phosphorus and potassium (NPK) fertilizers (73K tons), fourfold. Fertilizers, mineral or chemical; containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates (51K tons) ranked third in terms of total imports with an 11% share.

From February 2022 to February 2023, the average monthly growth rate of the volume of import of monoammonium phosphate (MAP) amounted to +2.8%. With regard to the other supplied products, the following average monthly rates of growth were recorded: mixed nitrogen, phosphorus and potassium (NPK) fertilizers (-9.8% per month) and fertilizers, mineral or chemical; containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates (-3.5% per month).

In value terms, monoammonium phosphate (MAP) ($217M) constituted the largest type of mixed fertilizer supplied to Brazil, comprising 75% of total imports. The second position in the ranking was taken by mixed nitrogen, phosphorus and potassium (NPK) fertilizers ($38M), with a 13% share of total imports. It was followed by fertilizers, mineral or chemical; containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates, with a 10% share.

Brazil Mixed Fertilizer Imports by Country

Russia (186K tons), Morocco (145K tons) and the United States (87K tons) were the main suppliers of mixed fertilizer imports to Brazil, with a combined 92% share of total imports.

From February 2022 to February 2023, the biggest increases were in Morocco (with a CAGR of +6.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest mixed fertilizer suppliers to Brazil were Russia ($112M), Morocco ($95M) and the United States ($52M), together comprising 90% of total imports.

Morocco, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mixed fertilizer market in Brazil. 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:

  • Prodcom 20157130 -
  • Prodcom 20157180 -
  • Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
  • Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
  • Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
  • Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
  • Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
  • Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
  • Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
  • Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
  • Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium

Country coverage:

  • Brazil

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Brazil
  • 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 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    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 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    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, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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