Report Update Nov 1, 2024

Uruguay - NPK Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Uruguay: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Uruguay

For the fifth year in a row, the Uruguayan NPK fertilizer market recorded growth in sales value, which increased by 23% to $X in 2022. Overall, consumption showed significant growth. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in the immediate term.

Npk Fertilizer Production in Uruguay

In value terms, NPK fertilizer production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic decline. The growth pace was the most rapid in 2013 with a decrease of -9.6% against the previous year. Production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Npk Fertilizer Exports

Exports from Uruguay

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers exported from Uruguay surged to X tons, with an increase of 454% on the year before. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 774% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, NPK fertilizer exports soared to $X in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 645%. 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 NPK fertilizer exports from Uruguay, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to -10.9%.

In value terms, Paraguay ($X) also remains the key foreign market for mixed nitrogen, phosphorus and potassium (NPK) fertilizers exports from Uruguay.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at -11.4%.

Export Prices by Country

In 2022, the average NPK fertilizer export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 42%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Paraguay.

From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to -0.6% per year.

Npk Fertilizer Imports

Imports into Uruguay

In 2022, the amount of mixed nitrogen, phosphorus and potassium (NPK) fertilizers imported into Uruguay skyrocketed to X tons, rising by 33% compared with 2021. In general, imports saw significant growth. The growth pace was the most rapid in 2013 with an increase of 126%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, NPK fertilizer imports soared to $X in 2022. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 138%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of NPK fertilizer imports to Uruguay, with a combined 90% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest NPK fertilizer suppliers to Uruguay were Russia ($X), Brazil ($X) and Spain ($X), with a combined 83% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +38.0%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, growing by 19% against the previous year. Over the period under review, the import price saw a noticeable expansion. The growth pace was the most rapid in 2021 when the average import price increased by 78%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer consumption in 2021 were the United States, India and Vietnam, with a combined 33% share of global consumption. Spain, Indonesia, Russia, South Korea, Brazil, Poland, Ukraine, the UK, Japan and Ireland lagged somewhat behind, together comprising a further 35%.

What are the largest producers of mixed nitrogen, phosphorus and potassium (npk) fertilizers in the world?

The countries with the highest volumes of npk fertilizer production in 2021 were the United States, Russia and India, together accounting for 39% of global production.

What are the leading suppliers of mixed nitrogen, phosphorus and potassium (npk) fertilizers to Uruguay?

In value terms, the largest npk fertilizer suppliers to Uruguay were Brazil, Poland and Germany, together comprising 71% of total imports.

What are the leading importers of mixed nitrogen, phosphorus and potassium (npk) fertilizers from Uruguay?

In value terms, Paraguay remains the key foreign market for npk fertilizer exports from Uruguay.

What is the average export price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in Uruguay?

In 2021, the average npk fertilizer export price amounted to $384 per ton, shrinking by -3.1% against the previous year.

What is the average import price for mixed nitrogen, phosphorus and potassium (npk) fertilizers in Uruguay?

The average npk fertilizer import price stood at $492 per ton in 2021, surging by 7.4% against the previous year.

This report provides an in-depth analysis of the npk fertilizer market in Uruguay. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4021 -

Country coverage:

Uruguay

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Uruguay
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023