India: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in India

In 2022, the Indian nitrogenous fertilizer market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. Nitrogenous fertilizer consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Nitrogenous Fertilizer Production in India

In value terms, nitrogenous fertilizer production shrank to $X in 2022 estimated in export price. Overall, production, however, saw a noticeable slump. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Nitrogenous Fertilizer Exports

Exports from India

In 2022, the amount of nitrogenous fertilizers (mineral or chemical) exported from India surged to X tons, picking up by X% on 2021 figures. In general, exports, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, nitrogenous fertilizer exports surged to $X in 2022. Overall, exports showed pronounced growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nepal (X tons) was the main destination for nitrogenous fertilizer exports from India, accounting for a X% share of total exports. Moreover, nitrogenous fertilizer exports to Nepal exceeded the volume sent to the second major destination, Bangladesh (X tons), more than tenfold. The third position in this ranking was held by Sri Lanka (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nepal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

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

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

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price enjoyed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Malaysia ($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 more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into India

In 2022, overseas purchases of nitrogenous fertilizers (mineral or chemical) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nitrogenous fertilizer imports surged to $X in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Oman (X tons) constituted the largest nitrogenous fertilizer supplier to India, with a X% share of total imports. Moreover, nitrogenous fertilizer imports from Oman exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Finland (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, the largest nitrogenous fertilizer suppliers to India were Oman ($X), China ($X) and Russia ($X), together comprising X% of total imports. Qatar, Saudi Arabia, the United Arab Emirates, Finland, Egypt, Vietnam, Algeria, Georgia, Malaysia and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, 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, jumping by X% against the previous year. In general, the import price showed a tangible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: 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 Algeria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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