Brazil: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in Brazil

The Brazilian nitrogenous fertilizer market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a buoyant expansion. Nitrogenous fertilizer consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Nitrogenous Fertilizer Production in Brazil

In value terms, nitrogenous fertilizer production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. Nitrogenous fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from Brazil

In 2022, overseas shipments of nitrogenous fertilizers (mineral or chemical) increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports posted buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X tons), Argentina (X tons) and the UK (X tons) were the main destinations of nitrogenous fertilizer exports from Brazil, with a combined X% share of total exports.

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

In value terms, Paraguay ($X), Argentina ($X) and the UK ($X) constituted the largest markets for nitrogenous fertilizer exported from Brazil worldwide, with a combined X% share of total exports. Chile, Uruguay and Colombia lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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 nitrogenous fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated temperate growth 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, nitrogenous fertilizer export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady 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 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.

Nitrogenous Fertilizer Imports

Imports into Brazil

After three years of growth, supplies from abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons in 2022. In general, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then contracted modestly in the following year.

In value terms, nitrogenous fertilizer imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. 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 maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest nitrogenous fertilizer supplier to Brazil, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Oman (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Oman (X% per year).

In value terms, the largest nitrogenous fertilizer suppliers to Brazil were China ($X), Oman ($X) and Russia ($X), together comprising X% of total imports.

In terms of the main suppliers, Oman, with a CAGR of X%, saw the highest rates of growth with regard to 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 nitrogenous fertilizer import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price continues to indicate a measured increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Nigeria ($X per ton), while the price for China ($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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