Peru: Fertilizer Market 2024

Fertilizer Market Size in Peru

In 2022, the Peruvian fertilizer market was finally on the rise to reach $X after two years of decline. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Peru

In value terms, fertilizer production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Fertilizer Exports

Exports from Peru

In 2022, shipments abroad of fertilizers decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, fertilizer exports shrank significantly to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then shrank rapidly in the following year.

Exports by Country

Bolivia (X tons) was the main destination for fertilizer exports from Peru, accounting for a X% share of total exports. Moreover, fertilizer exports to Bolivia exceeded the volume sent to the second major destination, Colombia (X tons), fourfold. Ecuador (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bolivia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Ecuador (X% per year).

In value terms, Bolivia ($X) remains the key foreign market for fertilizers exports from Peru, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bolivia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Panama (X% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price saw a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Ecuador ($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 Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Fertilizer Imports

Imports into Peru

In 2022, fertilizer imports into Peru surged to X tons, picking up by X% compared with the previous year. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports skyrocketed to $X in 2022. Overall, imports continue to indicate strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), China (X tons) and the United States (X tons) were the main suppliers of fertilizer imports to Peru, together accounting for X% of total imports. Georgia, Indonesia, Chile and Colombia 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 Georgia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fertilizer suppliers to Peru were Russia ($X), Georgia ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Georgia, with a CAGR of X%, saw the highest rates of growth with regard to 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, jumping by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached 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 Georgia ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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