Venezuela: Nitrogenous Fertilizer Market 2025

Nitrogenous Fertilizer Market Size in Venezuela

The Venezuelan nitrogenous fertilizer market expanded remarkably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Nitrogenous Fertilizer Production in Venezuela

In value terms, nitrogenous fertilizer production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Nitrogenous Fertilizer Exports

Exports from Venezuela

In 2022, the amount of nitrogenous fertilizers (mineral or chemical) exported from Venezuela shrank to X tons, declining by X% on the year before. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nitrogenous fertilizer exports shrank dramatically to $X in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for nitrogenous fertilizer exports from Venezuela, with a X% share of total exports. Moreover, nitrogenous fertilizer exports to Brazil exceeded the volume sent to the second major destination, Guyana (X tons), threefold. The third position in this ranking was held by Chile (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Chile (X% per year).

In value terms, Brazil ($X) remains the key foreign market for nitrogenous fertilizers (mineral or chemical) exports from Venezuela, comprising X% of total exports. The second position in the ranking was held by Guyana ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (X% per year) and Colombia (X% per year).

Export Prices by Country

The average nitrogenous fertilizer export price stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Canada ($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 a decline.

Nitrogenous Fertilizer Imports

Imports into Venezuela

In 2022, supplies from abroad of nitrogenous fertilizers (mineral or chemical) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, total imports indicated a temperate expansion 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 2017 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, nitrogenous fertilizer imports shrank slightly to $X in 2022. Overall, imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Brazil (X tons) constituted the largest nitrogenous fertilizer supplier to Venezuela, accounting for a X% share of total imports. Moreover, nitrogenous fertilizer imports from Brazil exceeded the figures recorded by the second-largest supplier, Russia (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United States (X% per year).

In value terms, the largest nitrogenous fertilizer suppliers to Venezuela were Russia ($X), the United States ($X) and Brazil ($X), with a combined X% share of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average nitrogenous fertilizer import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Russia ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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