Nitrogenous Fertilizer Market
Nitrogenous fertilizer market: get access to newly released datasets provided by an Ai-driven BI platform. Information contain consumption, production, exports, market size, companies, imports, trade, and market prices. Here is a breakdown by region, including the U.S., EU, Latin America, China, the Middle East, Russia, Africa, and the U.K. Market insights and forecast to 2030 are also featured in the reports.
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Nitrogenous Fertilizer - World's Largest Markets
Rating | Country |
---|---|
1 | China |
2 | United States |
3 | India |
4 | Brazil |
5 | Japan |
In value terms, China, the United States and India were the countries with the highest levels of market value in 2021, together accounting for 25% of the global market. Brazil, Japan, Pakistan, Indonesia, South Korea, Russia, France, Qatar, Canada and Germany lagged somewhat behind, together comprising a further 32%.
France recorded the highest growth rate of market size, among the main consuming countries over the period under review, while nitrogenous fertilizer market for the other global leaders experienced more modest paces of growth.
Nitrogenous Fertilizer Prices
Lowest Prices - FOB - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
Oman | 233 | 245 | 239 | 1.3% |
Belgium | 200 | 171 | 251 | 12.0% |
Indonesia | 266 | 245 | 254 | -2.3% |
United Arab Emirates | 309 | 260 | 283 | -4.3% |
Netherlands | 208 | 174 | 290 | 18.1% |
Algeria | 310 | 273 | 290 | -3.3% |
Russia | 224 | 181 | 309 | 17.5% |
Lithuania | 206 | 174 | 314 | 23.5% |
Germany | 232 | 208 | 336 | 20.3% |
China | 190 | 175 | 338 | 33.4% |
Egypt | 310 | 289 | 341 | 4.9% |
Canada | 287 | 264 | 349 | 10.3% |
Saudi Arabia | 369 | 337 | 352 | -2.3% |
Average | 238 | 215 | 305 | 13.3% |
Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Saudi Arabia ($352 per ton) and Canada ($349 per ton), while Oman ($239 per ton) and Belgium ($251 per ton) were amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
USD per ton | ||||
India | 275 | 262 | 546 | 40.9% |
Australia | 282 | 260 | 415 | 21.3% |
Mexico | 244 | 228 | 389 | 26.3% |
Canada | 274 | 256 | 387 | 18.8% |
United Kingdom | 230 | 206 | 367 | 26.3% |
United States | 253 | 203 | 340 | 15.9% |
France | 208 | 198 | 331 | 26.1% |
Thailand | 294 | 257 | 274 | -3.5% |
Germany | 202 | 182 | 274 | 16.5% |
Belgium | 211 | 144 | 253 | 9.5% |
Argentina | 258 | 232 | 244 | -2.8% |
Brazil | 231 | 226 | 238 | 1.5% |
Turkey | 226 | 224 | 216 | -2.2% |
Average | 246 | 225 | 324 | 14.6% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($546 per ton), while Turkey ($216 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Nitrogenous Fertilizer - Top Importers
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
India | 3.2 | 3 | 4.3 | 15.1% |
United States | 2.4 | 1.8 | 3.4 | 19.0% |
Brazil | 2.4 | 2.7 | 3.4 | 18.9% |
France | 1 | 1 | 1.6 | 22.4% |
Australia | 0.7 | 0.8 | 1.5 | 44.4% |
In value terms, India ($4.3B), the United States ($3.4B) and Brazil ($3.4B) constituted the countries with the highest levels of imports in 2021, together accounting for 36% of global imports. These countries were followed by France, Australia, the UK, Belgium, Mexico, Canada, Germany, Thailand, Turkey and Argentina, which together accounted for a further 27%.
Belgium (+59.0% per year) saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Nitrogenous Fertilizer - Top Exporters
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
---|---|---|---|---|
billion USD | ||||
China | 2.4 | 2.6 | 8.6 | 89.1% |
Russia | 3.1 | 2.5 | 4.4 | 18.6% |
Netherlands | 1.3 | 1.1 | 1.8 | 17.2% |
Saudi Arabia | 1.5 | 1.6 | 1.5 | 1.1% |
Egypt | 0.2 | 0.1 | 1.2 | 159.5% |
In value terms, the largest nitrogenous fertilizer supplying countries worldwide were China ($8.6B), Russia ($4.4B) and the Netherlands ($1.8B), together accounting for 47% of global exports. These countries were followed by Saudi Arabia, Egypt, Belgium, Oman, Germany, Algeria, Canada, Lithuania, the United Arab Emirates and Indonesia, which together accounted for a further 29%.
Egypt (+159.5% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Nitrogenous Fertilizer - Market Forecast
Driven by increasing demand for nitrogenous fertilizer worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Nitrogenous Fertilizer - Top Companies
UCONE PTY LTD, PETROCHEM (BANGLADESH) LIMITED, Nutrien Ltd, Agrium Inc, Yara International ASA, Koninklijke DSM N.V., Yunnan Yuntianhua Co.,Ltd., Parkland Fuel Corporation, CF Industries Holdings, Inc., Chongqing Jianfeng Chemical Co., Ltd., INDIAN FARMERS FERTILISER COOPERATIVE LIMITED, Yara Brasil Fertilizantes S/A, URALKALI, PAO, GRUPA AZOTY S A, DYNO NOBEL MOURA PTY LIMITED, INCITEC PIVOT LIMITED, PETROKIMIA GRESIK, PT, AL SHARIKA EL DJAZAIRIA EL OMANIA LIL ASMIDA 'A.O.A', SQM Industrial S.A., The Scotts Company LLC
Nitrogenous Fertilizer - Product Coverage
- HS 310210 - Fertilizers, mineral or chemical; nitrogenous, urea, whether or not in aqueous solution
- HS 310221 - Fertilizers, mineral or chemical; nitrogenous, ammonium sulphate
- HS 310229 - Fertilizers, mineral or chemical; nitrogenous, other than ammonium sulphate
- HS 310230 - Fertilizers, mineral or chemical; nitrogenous, ammonium nitrate, whether or not in aqueous solution
- HS 310240 - Fertilizers, mineral or chemical; ammonium nitrate with calcium carbonate or other inorganic non-fertilizing substances, mixtures thereof
- HS 310260 - Fertilizers, mineral or chemical; nitrogenous, double salts and mixtures of calcium nitrate and ammonium nitrate
- HS 310280 - Fertilizers, mineral or chemical; nitrogenous, mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution
- HS 310290 - Fertilizers, mineral or chemical; nitrogenous, other kinds including mixtures not specified in the foregoing subheadings
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