India: Fertilizer Market 2024

Fertilizer Market Size in India

The Indian fertilizer market surged to $X in 2022, jumping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in India

In value terms, fertilizer production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Fertilizer Exports

Exports from India

Fertilizer exports from India rose remarkably to X tons in 2022, surging by X% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, fertilizer exports surged to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nepal (X tons) was the main destination for fertilizer exports from India, accounting for a X% share of total exports. Moreover, fertilizer exports to Nepal exceeded the volume sent to the second major destination, Brazil (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nepal stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Malaysia (X% per year).

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

From 2012 to 2022, the average annual growth rate of value to Nepal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated a mild 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. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Tanzania ($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 Sri Lanka (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fertilizer Imports

Imports into India

In 2022, the amount of fertilizers imported into India skyrocketed to X tons, surging by X% compared with 2021. Over the period under review, total imports indicated a remarkable increase 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports surged to $X in 2022. In general, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Oman (X tons), Russia (X tons) and China (X tons) were the main suppliers of fertilizer imports to India, together accounting for X% of total imports. Saudi Arabia, Canada, Morocco, Finland, Jordan, Qatar, the United Arab Emirates, Israel, Egypt and Iran lagged somewhat behind, together comprising a further X%.

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

In value terms, Russia ($X), Saudi Arabia ($X) and China ($X) were the largest fertilizer suppliers to India, with a combined X% share of total imports. Morocco, Oman, Canada, Qatar, the United Arab Emirates, Egypt, Israel, Finland, Jordan and Iran lagged somewhat behind, together comprising a further X%.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, rising by X% against the previous year. In general, the import price continues to indicate a slight increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Egypt ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :