Uruguay: Fertilizer Market 2024

Fertilizer Market Size in Uruguay

The Uruguayan fertilizer market skyrocketed to $X in 2022, growing by X% against the previous year. Over the period under review, consumption posted a remarkable increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Fertilizer Production in Uruguay

In value terms, fertilizer production dropped slightly to $X in 2022 estimated in export price. In general, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Fertilizer production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Fertilizer Exports

Exports from Uruguay

In 2022, shipments abroad of fertilizers increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, fertilizer exports skyrocketed to $X in 2022. In general, exports, however, recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Paraguay (X tons) was the main destination for fertilizer exports from Uruguay, accounting for a X% share of total exports. Moreover, fertilizer exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), tenfold. The third position in this ranking was taken by Free Zones (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Free Zones (X% per year).

In value terms, Paraguay ($X) remains the key foreign market for fertilizers exports from Uruguay, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Free Zones, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Free Zones (X% per year).

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. 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 Brazil ($X per ton), while the average price for exports to Argentina ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Uruguay

In 2022, fertilizer imports into Uruguay surged to X tons, growing by X% on 2021. Overall, imports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, fertilizer imports skyrocketed to $X in 2022. In general, imports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Canada (X tons), China (X tons) and Russia (X tons) were the main suppliers of fertilizer imports to Uruguay, with a combined X% share of total imports. The United States, Nigeria, Lithuania, Turkmenistan, Morocco, Brazil, Belarus, Algeria, Indonesia and Israel lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Israel (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Nigeria ($X) and Russia ($X) constituted the largest fertilizer suppliers to Uruguay, together comprising X% of total imports. Turkmenistan, Canada, the United States, Morocco, Algeria, Brazil, Indonesia, Lithuania, Israel and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Algeria, with a CAGR of X%, saw the highest growth rate of 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 fertilizer import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood 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 Algeria ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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