U.S.: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in the U.S.

In 2022, the U.S. animal or vegetable fertilisers market decreased by X% to $X, falling for the second year in a row after four years of growth. In general, consumption, however, continues to indicate a resilient increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Animal Or Vegetable Fertilisers in the U.S.

In value terms, animal or vegetable fertilisers production stood at $X in 2022. Over the period under review, production showed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Animal Or Vegetable Fertilisers

Exports from the U.S.

In 2022, overseas shipments of animal or vegetable fertilisers increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, animal or vegetable fertilisers exports rose notably to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Mexico (X tons), Canada (X tons) and India (X tons) were the main destinations of animal or vegetable fertilisers exports from the United States, with a combined X% share of total exports. Brazil, Australia, the Philippines, Ecuador, Vietnam and Venezuela lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for animal or vegetable fertilisers exported from the United States were India ($X), Canada ($X) and Brazil ($X), with a combined X% share of total exports. Mexico, the Philippines, Australia, Ecuador, Vietnam and Venezuela lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average animal or vegetable fertilisers export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Mexico ($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 Venezuela (X%), while the prices for the other major destinations experienced a decline.

Imports of Animal Or Vegetable Fertilisers

Imports into the U.S.

In 2022, after two years of growth, there was significant decline in purchases abroad of animal or vegetable fertilisers, when their volume decreased by X% to X tons. In general, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, animal or vegetable fertilisers imports fell sharply to $X in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, Canada (X tons) constituted the largest animal or vegetable fertilisers supplier to the United States, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Canada exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Mexico (X% per year).

In value terms, Canada ($X), China ($X) and India ($X) appeared to be the largest animal or vegetable fertilisers suppliers to the United States, together comprising X% of total imports. Mexico, Italy, Indonesia, the Netherlands, France, Australia, Mauritania, Peru, Thailand and Chile lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, 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

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, picking up by X% against the previous year. In general, import price indicated a remarkable 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. The pace of growth was the most pronounced in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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