India - Nitrogenous Fertilizers (Mineral Or Chemical) - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingImport of Nitrogenous Fertilizer in India Drops to $364M in November 2023
India Nitrogenous Fertilizer Imports
In November 2023, overseas purchases of nitrogenous fertilizers (mineral or chemical) decreased by -48.5% to 921K tons for the first time since August 2023, thus ending a two-month rising trend. Overall, imports showed a slight descent. The pace of growth was the most pronounced in October 2023 when imports increased by 181% m-o-m. As a result, imports reached the peak of 1.8M tons, and then shrank notably in the following month.
In value terms, nitrogenous fertilizer imports dropped sharply to $364M (IndexBox estimates) in November 2023. Over the period under review, imports continue to indicate a drastic downturn. The growth pace was the most rapid in October 2023 with an increase of 205% against the previous month.
| COUNTRY | Import Value of Nitrogenous Fertilizer in India (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Oman | 147 | 205 | 115 | 35.1 | 62.5 | 43.6 | 81.3 | 43.9 | 46.6 | 19.2 | 103 | 88.0 | 97.4 |
| Russia | 96.8 | 68.4 | 101 | 33.9 | 5.4 | 12.7 | 46.2 | 65.4 | 16.8 | 79.6 | 63.4 | 66.4 | 78.3 |
| United Arab Emirates | 38.0 | 34.1 | 27.8 | 2.8 | 1.4 | 25.1 | 6.4 | 15.7 | 40.7 | 11.8 | 5.3 | 8.7 | 63.1 |
| Qatar | 98.4 | 97.5 | 26.3 | 8.5 | 7.6 | 25.4 | 11.4 | N/A | 10.3 | 0.1 | 12.4 | 23.0 | 40.2 |
| Saudi Arabia | 35.1 | 111 | 28.7 | 0.3 | < 0.1 | 0.3 | 0.9 | 0.2 | 8.8 | 0.3 | 0.5 | 15.3 | 27.6 |
| China | 143 | 193 | 158 | 4.8 | 19.8 | 5.2 | 4.6 | 57.4 | 16.1 | 21.7 | 43.9 | 470 | 5.2 |
| Finland | 69.3 | 33.5 | 97.8 | N/A | N/A | N/A | N/A | N/A | 12.0 | N/A | N/A | N/A | N/A |
| Others | 101 | 335 | 229 | 46.9 | 21.2 | 41.4 | 51.0 | 11.5 | 10.4 | 9.2 | 5.9 | 43.9 | 52.4 |
| Total | 729 | 1,076 | 784 | 132 | 118 | 154 | 202 | 194 | 162 | 142 | 235 | 715 | 364 |
Imports by Country
Oman (242K tons), Russia (202K tons) and the United Arab Emirates (167K tons) were the main suppliers of nitrogenous fertilizer imports to India, with a combined 66% share of total imports.
From November 2022 to November 2023, the biggest increases were in the United Arab Emirates (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Oman ($97M), Russia ($78M) and the United Arab Emirates ($63M) appeared to be the largest nitrogenous fertilizer suppliers to India, together accounting for 66% of total imports.
In terms of the main suppliers, the United Arab Emirates, with a CAGR of +4.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.
Imports by Type
In November 2023, urea (831K tons) was the main type of nitrogenous fertilizer supplied to India, accounting for a 90% share of total imports. Moreover, urea exceeded the figures recorded for the second-largest type, ammonium nitrate (53K tons), more than tenfold. Ammonium sulphate (22K tons) ranked third in terms of total imports with a 2.4% share.
From November 2022 to November 2023, the average monthly growth rate of the volume of import of urea amounted to -2.0%. With regard to the other supplied products, the following average monthly rates of growth were recorded: ammonium nitrate (+12.3% per month) and ammonium sulphate (-1.0% per month).
In value terms, urea ($336M) constituted the largest type of nitrogenous fertilizer supplied to India, comprising 92% of total imports. The second position in the ranking was held by ammonium nitrate ($19M), with a 5.1% share of total imports. It was followed by nitrogenous fertilizers n.e.c., with a 1.3% share.
Import Prices by Country
In November 2023, the nitrogenous fertilizer price amounted to $395 per ton (CIF, India), remaining relatively unchanged against the previous month. Overall, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in September 2023 when the average import price increased by 20% against the previous month. The import price peaked at $657 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the countries with the highest prices were Malaysia ($409 per ton) and Indonesia ($408 per ton), while the price for the United Arab Emirates ($378 per ton) and Russia ($387 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Algeria (+0.2%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the nitrogenous fertilizer market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
