U.S.: Phosphatic Fertilizer Market 2024

Phosphatic Fertilizer Market Size in the U.S.

In 2022, the U.S. phosphatic fertilizer market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Phosphatic Fertilizer Production in the U.S.

In value terms, phosphatic fertilizer production totaled $X in 2022. Overall, production, however, saw a abrupt setback. Phosphatic fertilizer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Phosphatic Fertilizer Exports

Exports from the U.S.

In 2022, after two years of decline, there was significant growth in overseas shipments of phosphatic fertilizers, when their volume increased by X% to X tons. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphatic fertilizer exports surged to $X in 2022. Overall, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of phosphatic fertilizer exports from the United States, with a combined X% share of total exports. China, India, South Korea, Argentina, Australia, Colombia, Belgium, Japan, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Canada ($X) and Mexico ($X) were the largest markets for phosphatic fertilizer exported from the United States worldwide, with a combined X% share of total exports. Argentina, China, India, South Korea, Australia, Colombia, Japan, Belgium, Uruguay and Peru lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, 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, increasing by X% against the previous year. In general, the export price showed strong growth. 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 Argentina ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphatic Fertilizer Imports

Imports into the U.S.

In 2022, imports of phosphatic fertilizers into the United States fell dramatically to X tons, dropping by X% on 2021 figures. Over the period under review, total imports indicated a measured increase from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then fell markedly in the following year.

In value terms, phosphatic fertilizer imports skyrocketed to $X in 2022. Overall, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

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

From 2013 to 2022, the average annual growth rate of volume from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Israel (X% per year).

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

From 2013 to 2022, the average annual rate of growth in terms of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Israel (X% per year).

Import Prices by Country

The average phosphatic fertilizer import price stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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