Uruguay: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in Uruguay

In 2022, the Uruguayan phosphatic fertilizer market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, posted a tangible expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Phosphatic Fertilizer Production in Uruguay

In value terms, phosphatic fertilizer production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports from Uruguay

Phosphatic fertilizer exports from Uruguay declined to X tons in 2022, falling by X% compared with 2021. Overall, exports, however, recorded mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, phosphatic fertilizer exports soared to $X in 2022. In general, exports, however, enjoyed a tangible increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Paraguay (X tons) was the main destination for phosphatic fertilizer exports from Uruguay, with a X% share of total exports. Moreover, phosphatic fertilizer exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to X%.

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

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled X%.

Export Prices by Country

In 2022, the average phosphatic fertilizer export price amounted to $X per ton, growing by X% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price 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. Based on 2022 figures, phosphatic fertilizer export price increased by X% against 2020 indices. As a result, the export price attained 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 Paraguay ($X per ton), while the average price for exports to Argentina stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced a decline.

Phosphatic Fertilizer Imports

Imports into Uruguay

In 2022, overseas purchases of phosphatic fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a modest 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. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphatic fertilizer imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Egypt (X tons), China (X tons) and Morocco (X tons) were the main suppliers of phosphatic fertilizer imports to Uruguay, together accounting for X% of total imports. Vietnam, Lebanon, Brazil, Spain and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, Egypt ($X), China ($X) and Morocco ($X) constituted the largest phosphatic fertilizer suppliers to Uruguay, together accounting for X% of total imports. Lebanon, Vietnam, Mexico, Brazil and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Spain, 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 phosphatic fertilizer import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price saw a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform