Brazil: Fertilizer Market 2024

Fertilizer Market Size in Brazil

The Brazilian fertilizer market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption showed prominent growth. Fertilizer consumption peaked in 2022 and is expected to retain growth in years to come.

Fertilizer Production in Brazil

In value terms, fertilizer production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Brazil

After two years of growth, shipments abroad of fertilizers decreased by X% to X tons in 2022. Over the period under review, exports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, fertilizer exports surged to $X in 2022. Overall, exports showed a mild curtailment. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons) was the main destination for fertilizer exports from Brazil, with a X% share of total exports. Moreover, fertilizer exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), twofold. Uruguay (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

In value terms, Paraguay ($X) remains the key foreign market for fertilizers exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2022, the average fertilizer export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price 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, fertilizer export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the UK ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Brazil

For the seventh year in a row, Brazil recorded growth in overseas purchases of fertilizers, which increased by X% to X tons in 2022. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2017 with an increase of 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. In general, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Canada (X tons) and China (X tons) were the main suppliers of fertilizer imports to Brazil, with a combined X% share of total imports. Israel, the United States, Morocco, Oman, Qatar, Germany, Egypt, Nigeria, Chile and Belarus lagged somewhat behind, together accounting for a further X%.

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

In value terms, Russia ($X), Canada ($X) and China ($X) appeared to be the largest fertilizer suppliers to Brazil, together comprising X% of total imports. The United States, Morocco, Israel, Oman, Qatar, Germany, Nigeria, Egypt, Belarus and Chile lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Oman, with a CAGR of X%, 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.

Import Prices by Country

In 2022, the average fertilizer import price amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a mild expansion from 2012 to 2022: its price 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, fertilizer import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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