U.S.: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in the U.S.

The U.S. mixed fertilizer market shrank to $X in 2022, waning by -9.2% against the previous year. In general, consumption saw a noticeable descent. Mixed fertilizer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Mixed Fertilizer Production in the U.S.

In value terms, mixed fertilizer production reduced to $X in 2022. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2.7%. Mixed fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from the U.S.

In 2022, overseas shipments of mixed fertilizers were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a pronounced shrinkage. The growth pace was the most rapid in 2015 when exports increased by 39%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, mixed fertilizer exports surged to $X in 2022. Overall, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +111.9% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Brazil (X tons) and Mexico (X tons) were the main destinations of mixed fertilizer exports from the United States, together comprising 80% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +7.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for mixed fertilizer exported from the United States were Canada ($X), Brazil ($X) and Argentina ($X), together accounting for 78% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +11.0%, 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

The average mixed fertilizer export price stood at $X per ton in 2022, growing by 55% against the previous year. Overall, the export price posted a measured increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 India (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into the U.S.

Mixed fertilizer imports into the United States contracted notably to X tons in 2022, with a decrease of -46.8% against 2021 figures. Over the period under review, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports dropped rapidly to $X in 2022. In general, imports, however, posted a strong increase. The growth pace was the most rapid in 2021 when imports increased by 121%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of mixed fertilizer to the United States, with a 33% share of total imports. Moreover, mixed fertilizer imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The third position in this ranking was taken by Australia (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+0.3% per year) and Australia (+43.2% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of mixed fertilizers to the United States, comprising 31% of total imports. The second position in the ranking was held by Russia ($X), with a 13% share of total imports. It was followed by Australia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Saudi Arabia stood at +105.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+4.6% per year) and Australia (+55.9% per year).

Import Prices by Country

In 2022, the average mixed fertilizer import price amounted to $X per ton, surging by 47% against the previous year. Over the period under review, the import price enjoyed a measured expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and Australia ($X per ton), while the price for Canada ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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