Mexico: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in Mexico

The Mexican mixed fertilizer market soared to $X in 2022, increasing by 41% against the previous year. In general, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +157.0% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the near future.

Mixed Fertilizer Production in Mexico

In value terms, mixed fertilizer production rose slightly to $X in 2022 estimated in export price. In general, production recorded a slight decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 13%. 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.

Mixed Fertilizer Exports

Exports from Mexico

In 2022, exports of mixed fertilizers from Mexico dropped sharply to X tons, shrinking by -94.9% compared with the previous year's figure. In general, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 261% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, mixed fertilizer exports dropped significantly to $X in 2022. Overall, exports faced a sharp curtailment. The growth pace was the most rapid in 2018 with an increase of 247%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for mixed fertilizer exports from Mexico, with a 73% share of total exports. Moreover, mixed fertilizer exports to the United States exceeded the volume sent to the second major destination, Guatemala (X tons), more than tenfold. Ecuador (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (-24.1% per year) and Ecuador (-24.8% per year).

In value terms, the United States ($X) remains the key foreign market for mixed fertilizers exports from Mexico, comprising 74% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 12% share of total exports. It was followed by Guatemala, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-15.6% per year) and Guatemala (-18.5% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, surging by 105% against the previous year. Overall, the export price enjoyed strong growth. 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 for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Colombia ($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 Brazil (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Mexico

After two years of growth, purchases abroad of mixed fertilizers decreased by -35.3% to X tons in 2022. In general, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, mixed fertilizer imports rose significantly to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Russia (X tons), the United States (X tons) and China (X tons) were the main suppliers of mixed fertilizer imports to Mexico, with a combined 98% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +11.1%), while purchases for the other leaders experienced a decline.

In value terms, the largest mixed fertilizer suppliers to Mexico were the United States ($X), Russia ($X) and China ($X), with a combined 97% share of total imports.

Among the main suppliers, China, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, surging by 72% against the previous year. Over the period under review, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue 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 Israel ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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