Mexico: Fertilizer Market 2025

Fertilizer Market Size in Mexico

In 2022, the Mexican fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Mexico

In value terms, fertilizer production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Fertilizer Exports

Exports from Mexico

In 2022, approx. X tons of fertilizers were exported from Mexico; falling by X% on 2021 figures. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fertilizer exports reduced notably to $X in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Guatemala (X tons) and Chile (X tons) were the main destinations of fertilizer exports from Mexico, with a combined X% share of total exports. Paraguay, Brazil, Argentina, Peru and Uruguay lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Paraguay (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for fertilizer exported from Mexico were the United States ($X), Guatemala ($X) and Chile ($X), with a combined X% share of total exports. Argentina, Brazil, Paraguay, Uruguay and Peru lagged somewhat behind, together accounting for a further X%.

Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average fertilizer export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The export price peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while the average price for exports to Peru ($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 Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Mexico

In 2022, fertilizer imports into Mexico soared to X tons, rising by X% compared with the previous year. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, fertilizer imports surged to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Oman (X tons) and the United States (X tons) were the main suppliers of fertilizer imports to Mexico, together comprising X% of total imports. China, Qatar, Belarus, Nigeria and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and China ($X) constituted the largest fertilizer suppliers to Mexico, together comprising X% of total imports. Oman, Nigeria, Qatar, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Qatar, with a CAGR of X%, recorded the highest growth rate of 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 fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Nigeria ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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