MERCOSUR: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in MERCOSUR

The MERCOSUR phosphatic fertilizer market dropped slightly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Phosphatic Fertilizer Production in MERCOSUR

In value terms, phosphatic fertilizer production fell to $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Phosphatic Fertilizer Exports

Exports in MERCOSUR

In 2022, exports of phosphatic fertilizers in MERCOSUR reduced rapidly to X tons, waning by X% against the previous year's figure. In general, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. The volume of export peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, phosphatic fertilizer exports dropped remarkably to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Argentina was the key exporting country with an export of around X tons, which resulted at X% of total exports. Uruguay (X tons) ranks second in terms of the total exports with a X% share, followed by Brazil (X%). Colombia (X tons) took a relatively small share of total exports.

Argentina was also the fastest-growing in terms of the phosphatic fertilizers exports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) displayed positive paces of growth. By contrast, Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Uruguay (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) remains the largest phosphatic fertilizer supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Uruguay ($X), with an X% share of total exports. It was followed by Brazil, with a X% share.

In Argentina, phosphatic fertilizer exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. 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 MERCOSUR

Phosphatic fertilizer imports reduced to X tons in 2022, declining by X% against the previous year. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, phosphatic fertilizer imports skyrocketed to $X in 2022. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. It was distantly followed by Paraguay (X tons) and Chile (X tons), together comprising a X% share of total imports. Uruguay (X tons) and Argentina (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. 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 MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported phosphatic fertilizers in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Paraguay ($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. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (X% per year) and Uruguay (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price posted a temperate 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 importing countries. In 2022, 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