Latin America and the Caribbean: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Latin America and the Caribbean

The Latin American animal or vegetable fertilisers market declined slightly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in Latin America and the Caribbean

In value terms, animal or vegetable fertilisers production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Animal Or Vegetable Fertilisers

Exports in Latin America and the Caribbean

In 2022, overseas shipments of animal or vegetable fertilisers decreased by X% to X tons, falling for the third consecutive year after four years of growth. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, animal or vegetable fertilisers exports dropped modestly to $X in 2022. Over the period under review, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the four major exporters of animal or vegetable fertilisers, namely Brazil, the Dominican Republic, Mexico and Chile, represented more than two-thirds of total export. Peru (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%). Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Dominican Republic (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Chile ($X), Mexico ($X) and Brazil ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Chile, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a mild downturn. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

Imports of Animal Or Vegetable Fertilisers

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of animal or vegetable fertilisers decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, animal or vegetable fertilisers imports expanded modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Chile (X tons), Ecuador (X tons), Argentina (X tons), Peru (X tons), Paraguay (X tons), the Dominican Republic (X tons) and Guatemala (X tons) represented roughly X% of total imports in 2022. Panama (X tons), Costa Rica (X tons), Mexico (X tons), Uruguay (X tons) and Colombia (X tons) followed a long way behind the leaders.

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

In value terms, the largest animal or vegetable fertilisers importing markets in Latin America and the Caribbean were Brazil ($X), Peru ($X) and Chile ($X), together comprising X% of total imports. Argentina, Guatemala, Paraguay, the Dominican Republic, Colombia, Ecuador, Mexico, Costa Rica, Uruguay and Panama lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Argentina, 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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