Report Update Nov 1, 2024

Venezuela - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Venezuela: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Venezuela

In 2022, after two years of growth, there was significant decline in the Venezuelan mixed fertilizer market, when its value decreased by -18.5% to $X. In general, consumption faced a deep reduction. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Mixed Fertilizer Exports

Exports from Venezuela

In 2022, overseas shipments of mixed fertilizers were finally on the rise to reach X tons after four years of decline. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 with an increase of 189% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, mixed fertilizer exports reached $X in 2022. Over the period under review, exports, however, continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 209% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for mixed fertilizer exports from Venezuela, with a 66% share of total exports. Moreover, mixed fertilizer exports to Colombia exceeded the volume sent to the second major destination, Brazil (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Colombia amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+9.7% per year) and Peru (+17.5% per year).

In value terms, the largest markets for mixed fertilizer exported from Venezuela were Colombia ($X), Brazil ($X) and Peru ($X), together accounting for 98% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +25.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.9%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 65%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Colombia ($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 Peru (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

Mixed Fertilizer Imports

Imports into Venezuela

In 2022, after two years of growth, there was significant decline in purchases abroad of mixed fertilizers, when their volume decreased by -6% to X tons. In general, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, mixed fertilizer imports fell rapidly to $X in 2022. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 71%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons), Poland (X tons) and China (X tons) were the main suppliers of mixed fertilizer imports to Venezuela, together accounting for 58% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +58.6%), while imports for the other leaders experienced a decline.

In value terms, Finland ($X) constituted the largest supplier of mixed fertilizers to Venezuela, comprising 49% of total imports. The second position in the ranking was taken by Poland ($X), with an 11% share of total imports. It was followed by Colombia, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-23.8% per year) and Colombia (-13.8% per year).

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, which is down by -15.7% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when the average import price increased by 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Finland ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+19.7%), 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 fertilizers in the world?

The countries with the highest volumes of in 2021 were China, Brazil and the United States, with a combined 48% share of global consumption. These countries were followed by India, Indonesia, Russia, Canada, Vietnam, Germany and Egypt, which together accounted for a further 24%.

What are the largest producers of mixed fertilizers in the world?

The country with the largest volume of mixed fertilizer production was China, accounting for 29% of total volume. Moreover, mixed fertilizer production in China exceeded the figures recorded by the second-largest producer, Brazil, threefold. The third position in this ranking was occupied by Russia, with a 9.9% share.

What are the leading suppliers of mixed fertilizers to Venezuela?

In value terms, the United States, Russia and Colombia constituted the largest mixed fertilizer suppliers to Venezuela, together accounting for 71% of total imports. These countries were followed by Turkey, Poland and China, which together accounted for a further 12%.

What are the leading importers of mixed fertilizers from Venezuela?

In value terms, Ecuador, Colombia and Brazil constituted the largest markets for mixed fertilizer exported from Venezuela worldwide, with a combined 91% share of total exports.

What is the average export price for mixed fertilizers in Venezuela?

In 2021, the average mixed fertilizer export price amounted to $535 per ton, with a decrease of -21.4% against the previous year.

What is the average import price for mixed fertilizers in Venezuela?

In 2021, the average mixed fertilizer import price amounted to $445 per ton, shrinking by -1.6% against the previous year.

This report provides an in-depth analysis of the mixed fertilizer market in Venezuela. 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:

Prodcom 20157130 -
Prodcom 20157180 -
Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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