Latin America and the Caribbean: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Latin America and the Caribbean

The Latin American phosphatic fertilizer market contracted markedly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, recorded perceptible growth. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank dramatically in the following year.

Phosphatic Fertilizer Production in Latin America and the Caribbean

In value terms, phosphatic fertilizer production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports in Latin America and the Caribbean

In 2022, exports of phosphatic fertilizers in Latin America and the Caribbean shrank dramatically to X tons, with a decrease of X% against 2021. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, phosphatic fertilizer exports reduced sharply to $X in 2022. Overall, exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina represented the key exporting country with an export of about X tons, which amounted to X% of total exports. Mexico (X tons) took the second position in the ranking, distantly followed by Uruguay (X tons) and Brazil (X tons). All these countries together took approx. X% share of total exports. Colombia (X tons) held a little share of total exports.

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

In value terms, the largest phosphatic fertilizer supplying countries in Latin America and the Caribbean were Argentina ($X), Mexico ($X) and Uruguay ($X), with a combined X% share of total exports.

Among the main exporting countries, Argentina, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, increasing by X% against the previous year. Over the period under review, the export price saw a measured expansion. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Colombia ($X per ton) was amongst the lowest.

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

Phosphatic Fertilizer Imports

Imports in Latin America and the Caribbean

In 2022, phosphatic fertilizer imports in Latin America and the Caribbean declined to X tons, which is down by X% compared with 2021 figures. Over the period under review, imports, however, enjoyed moderate growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell in the following year.

In value terms, phosphatic fertilizer imports surged to $X in 2022. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, recording X tons, which was near X% of total imports in 2022. Paraguay (X tons) ranks second in terms of the total imports with a X% share, followed by Chile (X%). Uruguay (X tons) and Argentina (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to phosphatic fertilizer imports into Brazil stood at X%. At the same time, Paraguay (X%), Chile (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported phosphatic fertilizers in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Paraguay ($X), with a X% share of total imports. It was followed by Uruguay, with a X% share.

In Brazil, phosphatic fertilizer imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Paraguay (X% per year) and Uruguay (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price saw a moderate increase. As a result, import 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 importers, the country with the highest price was Argentina ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform