U.S.: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in the U.S.

The U.S. NPK fertilizer market contracted remarkably to $X in 2022, falling by 99.9% against the previous year. Overall, consumption continues to indicate a sharp descent. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Npk Fertilizer Production in the U.S.

In value terms, NPK fertilizer production totaled less than $X in 2022. Overall, production continues to indicate a relatively flat trend pattern.

Npk Fertilizer Exports

Exports from the U.S.

After five years of growth, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -14.8% to X tons in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2019 with an increase of 87% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, NPK fertilizer exports dropped modestly to $X in 2022. Overall, exports, however, recorded a strong increase. The growth pace was the most rapid in 2019 with an increase of 143%. The exports peaked at $X in 2021, and then fell slightly in the following year.

Exports by Country

Canada (X tons), Mexico (X tons) and Turkey (X tons) were the main destinations of NPK fertilizer exports from the United States, together comprising 89% of total exports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +16.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X) remains the key foreign market for mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports from the United States, comprising 32% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.1% share of total exports. It was followed by Turkey, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +13.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.9% per year) and Turkey (+20.0% per year).

Export Prices by Country

In 2022, the average NPK fertilizer export price amounted to $X per ton, growing by 13% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 298%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Mexico ($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 Turkey (+34.8%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into the U.S.

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into the United States shrank markedly to X tons, waning by 99.9% against the previous year's figure. In general, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 257%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, NPK fertilizer imports shrank significantly to $X in 2022. Overall, imports faced a precipitous slump. The pace of growth appeared the most rapid in 2016 when imports increased by 240%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Canada (X tons) constituted the largest NPK fertilizer supplier to the United States, with a 69% share of total imports. Moreover, NPK fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. Mexico (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at -54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-53.2% per year) and Mexico (-32.2% per year).

In value terms, the largest NPK fertilizer suppliers to the United States were Canada ($X), Japan ($X) and Mexico ($X), with a combined 73% share of total imports. France, the Netherlands and Israel lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, France, with a CAGR of -29.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average NPK fertilizer import price stood at $X per ton in 2022, surging by 80% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 277%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 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 France (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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