World - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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World - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Apr 18, 2022

Global NPK Fertilizer Trade Surpasses $7.5B with Rising Exports from Russia and Norway

IndexBox has just published a new report: 'World - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The global NPK fertilizer market value rose to $42.2B in 2021, with an increase of 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediaries' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2007 to 2021.

In 2021, after five years of growth, there was decline in consumption of NPK fertilizers, when its volume decreased by -0.4% to 99M tonnes. Over the period under review, the total consumption indicated slight growth from 2007 to 2021: its volume increased at an average annual rate of +1.4% over the last fourteen-year period.

China, the U.S., India and Russia account for approximately 45% of global NPK fertilizer consumption. From 2007 to 2021, the average annual rate of growth in terms of volume in China totaled +2.8%. In the other countries, the average annual rates were as follows: the United States (-4.6% per year), India (+18.3% per year), Russia (-1.4% per year).

NPK Fertilizer Production

In 2021, after two years of decline, there was growth in production of NPK fertilizers, when its volume increased by 0.3% to 99M tonnes. The total output volume increased at an average annual rate of +1.3% over the period from 2007 to 2021.

The four countries, namely China, Russia, the U.S., and India shape more than 50% of global NPK fertilizer production. From 2007 to 2021, the average annual growth rate of volume in China totaled +3.0%. The remaining producing countries recorded the following average annual rates of production growth: Russia (+1.5% per year), the United States (-4.5% per year), India (+16.6% per year).

In value terms, production rose slightly to $37.9B in 2021 estimated in export prices. The total output value increased at an average annual rate of +1.7% from 2007 to 2021.

NPK Fertilizer Exports

In 2021, overseas shipments of NPK fertilizers were finally on the rise to reach 19M tonnes after three years of decline. Overall, total exports indicated a temperate increase from 2007 to 2021: its volume increased at an average annual rate of +3.0% over the last fourteen-year period.

In value terms, NPK fertilizer exports soared to $7.5B in 2021. In general, total exports indicated measured growth from 2007 to 2021: its value increased at an average annual rate of +3.0% over the last fourteen-year period.

Exports by Country

Russia was the largest exporter of NPK fertilizers in the world, with the volume of supplies finishing at 5.9M tonnes, which was near 32% of total exports in 2021. It was distantly followed by Norway (2.1M tonnes), Belgium (1.2M tonnes), China (1.1M tonnes) and Belarus (1M tonnes), together generating a 29% share of total exports. Morocco (757K tonnes), Poland (651K tonnes), the Netherlands (527K tonnes), Lithuania (456K tonnes), Spain (426K tonnes), the United States (299K tonnes) and Germany (292K tonnes) followed a long way behind the leaders.

In value terms, Russia ($2B) remains the largest NPK fertilizer supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by Norway ($777M), with a 10% share of total supplies. It was followed by Belgium, with a 7.4% share.

In Russia, NPK fertilizer exports expanded at an average annual rate of +8.4% over the period from 2007-2021. In the other countries, the average annual rates were as follows: Norway (+2.4% per year) and Belgium (+0.8% per year).

Export Prices by Country

In 2021, the average NPK fertilizer export price amounted to $403 per tonne, growing by 22% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($809 per tonne), while Morocco ($270 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

NPK Fertilizer Imports

After two years of growth, overseas purchases of NPK fertilizers decreased by -0.9% to 19M tonnes in 2021. In general, total imports indicated tangible growth from 2007 to 2021: its volume increased at an average annual rate of +3.3% over the last fourteen years.

In value terms, NPK fertilizer imports skyrocketed to $8.3B in 2021. In general, total imports indicated buoyant growth from 2007 to 2021: its value increased at an average annual rate of +3.3% over the last fourteen-year period.

Imports by Country

The countries with the highest levels of NPK fertilizer imports in 2021 were China (1,398K tonnes), Brazil (1,364K tonnes), India (1,062K tonnes), Ukraine (1,060K tonnes), Poland (790K tonnes), Spain (785K tonnes), Lithuania (690K tonnes), Thailand (665K tonnes), Myanmar (463K tonnes), France (450K tonnes), the UK (381K tonnes) and Romania (366K tonnes), together accounting for 49% of total purchases. Paraguay (357K tonnes) occupied a relatively small share of total imports.

In value terms, China ($641M), India ($533M) and Ukraine ($493M) appeared to be the countries with the highest levels of imports in 2021, together accounting for 20% of global imports.

In terms of the main importing countries, India saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average NPK fertilizer import price stood at $433 per tonne in 2021, with an increase of 20% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($501 per tonne), while Myanmar ($283 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the global npk fertilizer market. 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 4021 -

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Physical Terms, By Country, 2007–2021
Table 7:
Imports, In Value Terms, By Country, 2007–2021
Table 8:
Import Prices, By Country Of Destination, 2007–2021
Table 9:
Exports, In Physical Terms, By Country, 2007–2021
Table 10:
Exports, In Value Terms, By Country, 2007–2021
Table 11:
Export Prices, By Country Of Origin, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2021
Figure 17:
Production, In Value Terms, 2007–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2007–2021
Figure 20:
Imports, In Physical Terms, 2007–2021
Figure 21:
Imports, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2007–2021
Figure 24:
Imports, In Value Terms, By Country, 2007–2021
Figure 25:
Import Prices, By Country, 2007–2021
Figure 26:
Exports, In Physical Terms, 2007–2021
Figure 27:
Exports, In Value Terms, 2007–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2007–2021
Figure 30:
Exports, In Value Terms, By Country, 2007–2021
Figure 31:
Export Prices, 2007–2021
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