U.S.: Nitrogenous Fertilizer Market 2024

Nitrogenous Fertilizer Market Size in the U.S.

The U.S. nitrogenous fertilizer market reduced slightly to $X in 2022, falling by X% against the previous year. In general, consumption recorded a pronounced curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Nitrogenous Fertilizer Production in the U.S.

In value terms, nitrogenous fertilizer production reached $X in 2022. In general, production, however, saw a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from the U.S.

In 2022, shipments abroad of nitrogenous fertilizers (mineral or chemical) was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a remarkable increase from 2012 to 2022: its volume 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nitrogenous fertilizer exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for nitrogenous fertilizer exports from the United States, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to Canada exceeded the volume sent to the second major destination, France (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and France (X% per year).

Export Prices by Country

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

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 Mexico ($X per ton), while the average price for exports to Argentina ($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 Lithuania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Nitrogenous Fertilizer Imports

Imports into the U.S.

In 2022, approx. X tons of nitrogenous fertilizers (mineral or chemical) were imported into the United States; with a decrease of X% compared with the previous year. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, nitrogenous fertilizer imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Canada (X tons) and Qatar (X tons) were the main suppliers of nitrogenous fertilizer imports to the United States, with a combined X% share of total imports. Oman, Saudi Arabia, Belgium, Norway, Trinidad and Tobago, Nigeria, Algeria, Egypt and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest nitrogenous fertilizer suppliers to the United States were Canada ($X), Russia ($X) and Qatar ($X), with a combined X% share of total imports. Oman, Saudi Arabia, Nigeria, Algeria, Trinidad and Tobago, Norway, Belgium, Egypt and China lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Nigeria, 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

In 2022, the average nitrogenous fertilizer import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price showed mild growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :