Canada - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFertilizer Price in Canada - 2023
Contents:
- Fertilizer Price in Canada (FOB) - 2022
- Fertilizer Price in Canada (CIF) - 2022
- Fertilizer Exports in Canada
- Fertilizer Imports in Canada
Fertilizer Price in Canada (FOB) - 2022
The average fertilizer export price stood at $342 per ton in 2022, picking up by 26% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. Over the period under review, the average export prices reached the maximum at $435 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($537 per ton), while the average price for exports to China ($234 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 the United States (+2.2%), while the prices for the other major destinations experienced a decline.
Fertilizer Price in Canada (CIF) - 2022
In 2022, the average fertilizer import price amounted to $632 per ton, jumping by 37% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizer import price increased by +104.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 49%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 Morocco ($896 per ton), while the price for Trinidad and Tobago ($307 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Fertilizer Exports in Canada
For the fourth year in a row, Canada recorded growth in overseas shipments of fertilizers, which increased by 66% to 40M tons in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizer exports soared to $13.6B in 2022. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizer in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,939 | 2,736 | 3,771 | 6,006 | 26.9% |
| Brazil | 767 | 696 | 955 | 1,970 | 36.9% |
| China | 642 | 505 | 322 | 1,182 | 22.6% |
| Indonesia | 231 | 269 | 501 | 1,009 | 63.5% |
| India | 332 | 362 | 139 | 743 | 30.8% |
| Bangladesh | 36.3 | 12.4 | 51.7 | 503 | 140.2% |
| Malaysia | 148 | 122 | 205 | 454 | 45.3% |
| Belgium | 111 | 52.1 | 132 | 392 | 52.3% |
| Thailand | 67.1 | 54.2 | 64.3 | 198 | 43.4% |
| Others | 250 | 252 | 339 | 1,157 | 66.6% |
| Total | 5,524 | 5,060 | 6,481 | 13,613 | 35.1% |
Top Export Markets for Fertilizer from Canada in 2022:
- United States (11.2M tons)
- Brazil (7.3M tons)
- China (5.0M tons)
- Indonesia (3.9M tons)
- India (3.1M tons)
- Bangladesh (1.7M tons)
- Malaysia (1.7M tons)
- Belgium (1.5M tons)
- Thailand (0.8M tons)
Fertilizer Imports in Canada
In 2022, approx. 5M tons of fertilizers were imported into Canada; with an increase of 7.2% on 2021 figures. The total import volume increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizer imports skyrocketed to $3.1B in 2022. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fertilizer in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,073 | 1,010 | 1,234 | 2,100 | 25.1% |
| Morocco | 66.0 | 62.0 | 252 | 221 | 49.6% |
| Algeria | 9.5 | 0.9 | 10.3 | 194 | 173.3% |
| Russia | 162 | 143 | 367 | 192 | 5.8% |
| Netherlands | 54.3 | 53.6 | 76.9 | 107 | 25.4% |
| Trinidad and Tobago | 17.5 | 15.1 | 36.6 | 70.7 | 59.3% |
| Germany | 32.5 | 24.8 | 38.1 | 47.0 | 13.1% |
| Others | 98.7 | 90.3 | 119 | 209 | 28.4% |
| Total | 1,513 | 1,400 | 2,133 | 3,139 | 27.5% |
Top Suppliers of Fertilizer to Canada in 2022:
- United States (3354.5K tons)
- Russia (281.3K tons)
- Algeria (247.4K tons)
- Morocco (246.2K tons)
- Netherlands (241.3K tons)
- Trinidad and Tobago (230.0K tons)
- Germany (103.8K tons)
This report provides an in-depth analysis of the fertilizer market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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
856
This report provides an in-depth analysis of the fertilizer market in Canada.
365
This report provides an in-depth analysis of the ammonium nitrate market in Canada.
1464
This report provides an in-depth analysis of the urea market in Canada.
440
This report provides an in-depth analysis of the nitrogenous fertilizer market in Canada.
380
This report provides an in-depth analysis of the sodium nitrate market in Canada.
296
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in Canada.
450
This report provides an in-depth analysis of the ammonium sulphate market in Canada.
239
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in Canada.
230
This report provides an in-depth analysis of the market for iron or steel can in Canada.
3109
This report provides an in-depth analysis of the global fertilizer market.
601
In July 2022, the nitrogenous fertilizer price per ton stood at $593.7 (CIF, Canada), with a decrease of -5% against the previous month.
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Ammonium Sulphate exports reached a peak in 2023 and are projected to continue growing in the short term. The value of these exports decreased to $187M in 2023.
164
The pace of growth for Ammonium Sulphate appeared to be the most rapid in March 2023 with a month-on-month increase of 78%. In terms of value, exports of Ammonium Sulphate significantly declined to $14M in September 2023.
336
Explore the top import markets for fertilizer worldwide, including Brazil, India, the United States, China, and more. Discover key statistics and import values provided by the IndexBox market intelligence platform.
449
Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.
1220
Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
355
Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.
2998
Urea price soared by +46% in October 2021, reaching $612.5 per ton, according to the latest World Bank's data. The spike was caused by a sharp slump in the world's production, as many producers have suspended manufacturing owing to skyrocketing natural gas prices and energy resource shortages. Russia, China and Egypt remain the key urea suppliers, while India, Brazil and the U.S. lead the world import ranking.
815
Brazil, Argentina, Australia and Spain increased urea supplies from abroad sharply in 2020. Despite this, global imports of this product slightly dropped last year. India, Brazil, the U.S. remain the largest markets for imported urea worldwide. In 2020, the average import price reduced by -9.8% against the previous year.
94
Explore the top 10 import markets for nitrogenous fertilizer and their significance in the global agricultural industry.
