Australia: Fertilizer Market 2024

Fertilizer Market Size in Australia

The Australian fertilizer market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Fertilizer consumption peaked in 2022 and is likely to see steady growth in the near future.

Fertilizer Production in Australia

In value terms, fertilizer production fell to $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from Australia

In 2022, the amount of fertilizers exported from Australia rose notably to X tons, picking up by X% against the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, fertilizer exports surged to $X in 2022. Overall, exports posted a tangible increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), India (X tons) and Brazil (X tons) were the main destinations of fertilizer exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and Brazil ($X) constituted the largest markets for fertilizer exported from Australia worldwide, with a combined X% share of total exports.

Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw tangible growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Australia

For the fifth consecutive year, Australia recorded growth in supplies from abroad of fertilizers, which increased by X% to X tons in 2022. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, fertilizer imports surged to $X in 2022. Over the period under review, imports showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Qatar (X tons) were the main suppliers of fertilizer imports to Australia, together accounting for X% of total imports. Malaysia, the United Arab Emirates, Russia, Indonesia, the United States, Canada, Oman, Morocco, Jordan and Trinidad and Tobago lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), China ($X) and Qatar ($X) appeared to be the largest fertilizer suppliers to Australia, together comprising X% of total imports. Malaysia, the United Arab Emirates, Indonesia, the United States, Morocco, Russia, Canada, Trinidad and Tobago, Jordan and Oman lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average fertilizer import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a moderate expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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