Mexico - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
NPK Fertilizer Price in Mexico Contracts to $650 per Ton, Declining Sharply in H2
Mexico NPK Fertilizer Import Price per Ton in July 2022
In July 2022, the npk fertilizer price per ton stood at $650.1 (CIF, Mexico), which is down by -36% against the previous month. Overall, the import price saw a noticeable decrease. The pace of growth appeared the most rapid in May 2022 an increase of 91% m-o-m. As a result, import price reached the peak level of $2.0K per ton. From June 2022 to July 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2022, the country with the highest price was China ($737.0 per ton), while the price for Russia totaled $637.0 per ton.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by Germany (0.0%), while the prices for the other major suppliers experienced a decline.
Mexico NPK Fertilizer Imports
In July 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers increased by 713% to 58K tons, rising for the second consecutive month after two months of decline. Over the period under review, imports posted a resilient expansion. The growth pace was the most rapid in March 2022 when imports increased by 4,533% month-to-month. Over the period under review, imports hit record highs in July 2022.
In value terms, NPK fertilizer imports soared to $38M (IndexBox estimates) in July 2022. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in March 2022 with an increase of 2,434% m-o-m. Over the period under review, imports hit record highs in July 2022.
Mexico NPK Fertilizer Imports by Country
In July 2022, Russia (53K tons) was the main NPK fertilizer supplier to Mexico, with a 91% share of total imports. Moreover, NPK fertilizer imports from Russia exceeded the figures recorded by the second-largest supplier, China (5.4K tons), tenfold.
From January 2022 to July 2022, the average monthly rate of growth in terms of volume from Russia totaled +15.1%.
In value terms, Russia ($34M) constituted the largest supplier of NPK fertilizer to Mexico, comprising 89% of total imports. The second position in the ranking was held by China ($3.9M), with a 10% share of total imports.
From January 2022 to July 2022, the average monthly rate of growth in terms of value from Russia amounted to +12.6%.
This report provides an in-depth analysis of the npk fertilizer market in Mexico. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global fertilizer market.
Thursday, May 13th, 2021 @ 04:00 pm ET