Mexico: Phosphatic Fertilizer Market 2025

Phosphatic Fertilizer Market Size in Mexico

The Mexican phosphatic fertilizer market contracted slightly to $X in 2022, approximately equating the previous year. In general, consumption, however, recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Phosphatic Fertilizer Production in Mexico

In value terms, phosphatic fertilizer production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of X%. Phosphatic fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Phosphatic Fertilizer Exports

Exports from Mexico

Phosphatic fertilizer exports from Mexico declined remarkably to X tons in 2022, shrinking by X% on the year before. Over the period under review, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, phosphatic fertilizer exports contracted remarkably to $X in 2022. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

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

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

In value terms, Chile ($X), Argentina ($X) and Brazil ($X) appeared to be the largest markets for phosphatic fertilizer exported from Mexico worldwide, together comprising X% of total exports. Paraguay, the United States, Uruguay and Guyana lagged somewhat behind, together comprising a further X%.

Guyana, 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 mixed trend patterns.

Export Prices by Country

In 2022, the average phosphatic fertilizer export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price 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, phosphatic fertilizer export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked in 2022 and is likely to see steady growth in the near future.

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 Uruguay ($X per ton), while the average price for exports to the United States ($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.

Phosphatic Fertilizer Imports

Imports into Mexico

In 2022, supplies from abroad of phosphatic fertilizers decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, phosphatic fertilizer imports fell sharply to $X in 2022. Overall, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main supplier of phosphatic fertilizer to Mexico, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%.

In value terms, the United States ($X) constituted the largest supplier of phosphatic fertilizers to Mexico.

From 2012 to 2022, the average annual growth rate of value from the United States totaled X%.

Import Prices by Country

In 2022, the average phosphatic fertilizer import price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell dramatically in the following year.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

Source: IndexBox Platform