Mixed nitrogen and phosphorus fertilizers market
Mixed nitrogen and phosphorus fertilizers market: discover the most recent facts and figures powered by an Ai-driven business intelligence platform. Info include imports, companies, exports, production, market size, market prices, consumption, and trade. Here is a breakdown by region, including the U.K., Russia, the U.S., the Middle East, China, Africa, EU, and Latin America. Market trends and outlook to 2030 are also provided in the dashboards.
Mixed Nitrogen and Phosphorus Fertilizers - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | India |
| 3 | United States |
| 4 | Russia |
| 5 | Germany |
In value terms, China, India and the United States were the countries with the highest levels of market value in 2020, together accounting for 41% of the global market. These countries were followed by Russia, Germany, Brazil, Turkey, Indonesia, Ethiopia, Iran and the UK, which together accounted for a further 25%.
In terms of the main consuming countries, Ethiopia (+342.6% per year) recorded the highest rates of growth with regard to market size, over the period under review, while mixed nitrogen and phosphorus fertilizers market for the other global leaders experienced more modest paces of growth.
Mixed Nitrogen and Phosphorus Fertilizers Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Russia | 272 | 281 | 218 | -10.5% |
| Greece | 299 | 282 | 223 | -13.6% |
| China | 357 | 264 | 234 | -19.0% |
| Turkey | 333 | 352 | 235 | -16.0% |
| South Korea | 287 | 280 | 242 | -8.2% |
| Kazakhstan | 299 | 292 | 256 | -7.5% |
| Indonesia | 265 | 265 | 258 | -1.3% |
| Bulgaria | 396 | 331 | 261 | -18.8% |
| Belgium | 336 | 341 | 267 | -10.9% |
| Morocco | 357 | 358 | 287 | -10.3% |
| United States | 389 | 426 | 323 | -8.9% |
| Lithuania | 607 | 449 | 326 | -26.7% |
| Average | 351 | 343 | 286 | -9.8% |
Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Lithuania ($326 per ton) and the United States ($323 per ton), while Russia ($218 per ton) and Greece ($223 per ton) were amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Thailand | 383 | 394 | 400 | 2.2% |
| Argentina | 385 | 410 | 373 | -1.6% |
| Canada | 392 | 451 | 373 | -2.5% |
| Ethiopia | 323 | 371 | 329 | 0.9% |
| United States | 431 | 410 | 319 | -14.0% |
| Ukraine | 307 | 319 | 295 | -2.0% |
| Brazil | 357 | 328 | 293 | -9.4% |
| India | 315 | 304 | 278 | -6.1% |
| Romania | 326 | 320 | 270 | -9.0% |
| Philippines | 281 | 267 | 251 | -5.5% |
| Turkey | 298 | 269 | 250 | -8.4% |
| Peru | 251 | 249 | 242 | -1.8% |
| Mexico | 279 | 293 | 240 | -7.3% |
| Average | 357 | 351 | 315 | -6.0% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Thailand ($400 per ton), while Mexico ($240 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other global leaders experienced mixed trends in the import price figures.
Mixed Nitrogen and Phosphorus Fertilizers - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Brazil | 0.7 | 0.7 | 0.6 | -7.7% |
| Ethiopia | 0.02 | 0.04 | 0.3 | 343.8% |
| Thailand | 0.4 | 0.3 | 0.3 | -13.7% |
| Canada | 0.2 | 0.3 | 0.2 | 3.8% |
| India | 0.03 | 0.09 | 0.2 | 168.7% |
In value terms, Brazil ($613M), Ethiopia ($308M) and Thailand ($267M) appeared to be the countries with the highest levels of imports in 2020, together comprising 42% of global imports.
Ethiopia (+343.8% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Mixed Nitrogen and Phosphorus Fertilizers - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 0.7 | 0.7 | 0.7 | -1.5% |
| Morocco | 0.3 | 0.4 | 0.4 | 22.3% |
| Russia | 0.4 | 0.3 | 0.3 | -9.5% |
| China | 0.6 | 0.3 | 0.2 | -33.8% |
| Kazakhstan | 0.02 | 0.09 | 0.08 | 123.6% |
In value terms, the United States ($670M), Morocco ($395M) and Russia ($312M) were the countries with the highest levels of exports in 2020, together comprising 56% of global exports. These countries were followed by China, Kazakhstan, South Korea, Indonesia, Belgium, Lithuania, Greece, Bulgaria and Turkey, which together accounted for a further 29%.
Lithuania (+448.9% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Mixed Nitrogen and Phosphorus Fertilizers - Market Forecast
Driven by rising demand for mixed nitrogen and phosphorus fertilizers worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Mixed Nitrogen and Phosphorus Fertilizers - Product Coverage
- HS 310551 - Fertilizers, mineral or chemical; containing nitrates and phosphates
- HS 310559 - Fertilizers, mineral or chemical; containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
