Brazil - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil Experiences Sharp Decline in $15.8B Fertilizer Imports in 2023
Brazil Fertilizers Imports
In 2023, after seven years of growth, there was significant decline in supplies from abroad of fertilizers, when their volume decreased by -19.4% to 41M tons. Over the period under review, imports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. Imports peaked at 50M tons in 2022, and then dropped dramatically in the following year.
In value terms, fertilizer imports fell markedly to $15.8B (IndexBox estimates) in 2023. Overall, imports, however, showed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 90% against the previous year. Over the period under review, imports reached the peak figure at $26.5B in 2022, and then fell markedly in the following year.
| COUNTRY | Import Value of Fertilizers in Brazil (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Russia | 1,852 | 1,872 | 1,308 | 1,058 | 1,489 | 2,057 | 2,328 | 1,943 | 3,877 | 6,100 | 3,938 |
| Canada | 1,114 | 843 | 917 | 676 | 747 | 1,090 | 1,241 | 929 | 1,632 | 3,965 | 2,131 |
| China | 551 | 736 | 678 | 428 | 563 | 696 | 777 | 661 | 2,300 | 2,676 | 1,799 |
| Morocco | 1,078 | 781 | 482 | 491 | 655 | 666 | 719 | 942 | 1,676 | 1,697 | 1,254 |
| United States | 902 | 887 | 688 | 773 | 804 | 786 | 710 | 565 | 899 | 1,721 | 700 |
| Israel | 501 | 305 | 248 | 228 | 353 | 485 | 451 | 293 | 452 | 1,207 | 657 |
| Saudi Arabia | 12.2 | 98.4 | 71.3 | 220 | 302 | 338 | 395 | 330 | 503 | 924 | 619 |
| Qatar | 372 | 401 | 480 | 331 | 417 | 209 | 335 | 481 | 745 | 967 | 530 |
| Belarus | 574 | 825 | 543 | 455 | 584 | 629 | 622 | 578 | 596 | 425 | 392 |
| Others | 2,422 | 2,272 | 1,541 | 1,650 | 1,817 | 2,239 | 2,541 | 2,211 | 4,306 | 6,799 | 3,799 |
| Total | 9,380 | 9,023 | 6,957 | 6,311 | 7,730 | 9,197 | 10,121 | 8,932 | 16,986 | 26,483 | 15,819 |
Imports by Country
Russia (9.3M tons), China (6.6M tons) and Canada (5M tons) were the main suppliers of fertilizer imports to Brazil, with a combined 52% share of total imports. Morocco, Israel, the United States, Qatar, Saudi Arabia and Belarus lagged somewhat behind, together accounting for a further 23%.
From 2013 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of +43.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Russia ($3.9B), Canada ($2.1B) and China ($1.8B) were the largest fertilizer suppliers to Brazil, with a combined 50% share of total imports. Morocco, the United States, Israel, Saudi Arabia, Qatar and Belarus lagged somewhat behind, together comprising a further 26%.
Among the main suppliers, Saudi Arabia, with a CAGR of +48.1%, 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.
Imports by Type
Potassium chloride (MOP) (13M tons), urea (7.3M tons) and monoammonium phosphate (MAP) (5.2M tons) were the main products of fertilizer imports to Brazil, with a combined 64% share of total imports. Ammonium sulphate, superphosphates, mixed nitrogen and phosphorus (NP) fertilizers, mixed nitrogen, phosphorus and potassium (NPK) fertilizers, ammonium nitrate, nitrogenous fertilizers n.e.c., diammonium phosphate, carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, calcium ammonium nitrate (CAN), phosphatic fertilizers other than superphosphates, mixed phosphorus and potassium (PK) fertilizers, mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, potassium sulphate (SOP), sodium nitrate and potassium nitrates lagged somewhat behind, together comprising a further 36%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution (with a CAGR of +161.3%), while imports for the other products experienced more modest paces of growth.
In value terms, fertilizers with the largest imports in Brazil were potassium chloride (MOP) ($5.5B), monoammonium phosphate (MAP) ($2.9B) and urea ($2.8B), with a combined 72% share of total imports. Ammonium sulphate, superphosphates, mixed nitrogen and phosphorus (NP) fertilizers, mixed nitrogen, phosphorus and potassium (NPK) fertilizers, ammonium nitrate, nitrogenous fertilizers n.e.c., diammonium phosphate, carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, phosphatic fertilizers other than superphosphates, calcium ammonium nitrate (CAN), mixed phosphorus and potassium (PK) fertilizers, potassium sulphate (SOP), mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, sodium nitrate and potassium nitrates lagged somewhat behind, together accounting for a further 28%.
Import Prices by Country
In 2023, the fertilizers price amounted to $390 per ton (CIF, Brazil), reducing by -25.9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 57%. Over the period under review, average import prices reached the peak figure at $527 per ton in 2022, and then shrank rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Saudi Arabia ($520 per ton), while the price for Egypt ($225 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the fertilizer market in Brazil. 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 4025 - Potassium nitrate
- FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
- FCL 4005 - Sodium nitrate
- FCL 4023 - Monoammonium phosphate (MAP)
- FCL 4001 - Urea
- FCL 4002 - Ammonium sulphate
- FCL 4003 - Ammonium nitrate (AN)
- FCL 4006 - Urea and ammonium nitrate solutions (UAN)
- FCL 4016 - Potassium chloride (muriate of potash) (MOP)
- FCL 4021 - NPK fertilizers
- FCL 4014 - Other phosphatic fertilizers, n.e.c.
- FCL 4022 - Diammonium phosphate (DAP)
- FCL 4027 - PK compounds
- FCL 4024 - Other NP compounds
- FCL 4008 - Other nitrogenous fertilizers, n.e.c.
- FCL 4012 - Superphosphates above 35%
- FCL 4013 - Superphosphates, other
- FCL 4018 - Other potassic fertilizers, n.e.c.
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
