Portugal: Mixed Fertilizer Market 2025

Mixed Fertilizer Market Size in Portugal

In 2022, the Portuguese mixed fertilizer market increased by 10% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, showed a slight downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Mixed Fertilizer Production in Portugal

In value terms, mixed fertilizer production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 115% against the previous year. Mixed fertilizer production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Portugal

In 2022, approx. X tons of mixed fertilizers were exported from Portugal; shrinking by -21.2% compared with the previous year. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed fertilizer exports soared to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 50%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Spain (X tons) was the main destination for mixed fertilizer exports from Portugal, with a 68% share of total exports. Moreover, mixed fertilizer exports to Spain exceeded the volume sent to the second major destination, France (X tons), fivefold. The third position in this ranking was held by Ireland (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to -3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+137.7% per year) and Ireland (+75.3% per year).

In value terms, Spain ($X) remains the key foreign market for mixed fertilizers exports from Portugal, comprising 60% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports. It was followed by Ireland, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value to Spain totaled +1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+125.6% per year) and Ireland (+124.4% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, growing by 65% against the previous year. Over the period under review, the export price recorded a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Ireland ($X per ton), while the average price for exports to Spain ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+28.1%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Fertilizer Imports

Imports into Portugal

For the third consecutive year, Portugal recorded growth in overseas purchases of mixed fertilizers, which increased by 5.7% to X tons in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% 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 +25.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 49% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mixed fertilizer imports surged to $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.7% 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 +77.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest mixed fertilizer supplier to Portugal, accounting for a 70% share of total imports. Moreover, mixed fertilizer imports from Spain exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. The third position in this ranking was held by Morocco (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+43.6% per year) and Morocco (+11.4% per year).

In value terms, Spain ($X) constituted the largest supplier of mixed fertilizers to Portugal, comprising 63% of total imports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total imports. It was followed by Morocco, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+49.0% per year) and Morocco (+13.7% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, rising by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 the Netherlands ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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