U.S.: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in the U.S.

For the third consecutive year, the U.S. phosphatic fertilizer market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, saw a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Phosphatic Fertilizer Production in the U.S.

In value terms, phosphatic fertilizer production rose notably to $X in 2022. Overall, production, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Phosphatic Fertilizer Exports

Exports from the U.S.

In 2022, phosphatic fertilizer exports from the United States skyrocketed to X tons, increasing by X% on the previous year's figure. In general, exports, however, saw a pronounced shrinkage. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer exports surged to $X in 2022. Over the period under review, exports enjoyed perceptible growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

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

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

In value terms, the largest markets for phosphatic fertilizer exported from the United States were Canada ($X), Mexico ($X) and Colombia ($X), together accounting for X% of total exports.

Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 phosphatic fertilizer export price amounted to $X per ton, rising by X% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Canada ($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 Colombia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphatic Fertilizer Imports

Imports into the U.S.

After two years of growth, overseas purchases of phosphatic fertilizers decreased by X% to X tons in 2022. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, phosphatic fertilizer imports surged to $X in 2022. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Morocco (X% per year).

In value terms, Israel ($X) constituted the largest supplier of phosphatic fertilizers to the United States, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Morocco, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Israel stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Morocco (X% per year).

Import Prices by Country

In 2022, the average phosphatic fertilizer import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price saw a moderate increase. 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 countries with the highest prices were Israel ($X per ton) and Jordan ($X per ton), while the price for Russia ($X per ton) and Egypt ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform