Peru: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in Peru

After two years of growth, the Peruvian mixed fertilizer market decreased by -4.9% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Mixed fertilizer consumption peaked at $X in 2021, and then dropped slightly in the following year.

Mixed Fertilizer Production in Peru

In value terms, mixed fertilizer production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 3.2% against the previous year. Mixed fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Mixed Fertilizer Exports

Exports from Peru

In 2022, exports of mixed fertilizers from Peru surged to X tons, increasing by 36% on the previous year's figure. Overall, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports expanded rapidly to $X in 2022. In general, total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 36% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for mixed fertilizer exports from Peru, accounting for a 68% share of total exports. Moreover, mixed fertilizer exports to Bolivia exceeded the volume sent to the second major destination, Ecuador (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bolivia stood at +6.3%.

In value terms, Bolivia ($X) remains the key foreign market for mixed fertilizers exports from Peru, comprising 92% of total exports. The second position in the ranking was held by Ecuador ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to +2.9%.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, shrinking by -21% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2021 an increase of 20% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (-3.1%).

Mixed Fertilizer Imports

Imports into Peru

In 2022, mixed fertilizer imports into Peru amounted to X tons, growing by 15% on the year before. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.6% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 76% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, mixed fertilizer imports contracted to $X in 2022. Over the period under review, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.5% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 57%. Imports peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Russia (X tons), the United States (X tons) and China (X tons) were the main suppliers of mixed fertilizer imports to Peru, together accounting for 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +47.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed fertilizer suppliers to Peru were Russia ($X), China ($X) and the United States ($X), together comprising 89% of total imports.

In terms of the main suppliers, China, with a CAGR of +39.0%, 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

The average mixed fertilizer import price stood at $X per ton in 2022, waning by -13.7% against the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 45%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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