U.S. - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in the United States - 2023
Contents:
- NPK Fertilizer Price in the United States (CIF) - 2023
- NPK Fertilizer Price in the United States (FOB) - 2022
- NPK Fertilizer Imports in the United States
- NPK Fertilizer Exports in the United States
NPK Fertilizer Price in the United States (CIF) - 2023
The average NPK fertilizer import price stood at $569 per ton in September 2023, growing by 19% against the previous month. Overall, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in May 2023 when the average import price increased by 32% m-o-m. Over the period under review, average import prices reached the maximum at $1,085 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($4,468 per ton), while the price for Norway ($476 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
NPK Fertilizer Price in the United States (FOB) - 2022
In 2022, the average NPK fertilizer export price amounted to $351 per ton, rising by 21% against the previous year. Overall, the export price, however, showed a abrupt decrease. Over the period under review, the average export prices reached the peak figure at $955 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($1,288 per ton), while the average price for exports to Mexico ($104 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 Ecuador (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
NPK Fertilizer Imports in the United States
After three years of growth, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -15.7% to 193K tons in 2022. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, imports attained the peak of 229K tons, and then shrank markedly in the following year.
In value terms, NPK fertilizer imports surged to $158M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of NPK Fertilizer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 29.2 | 21.8 | 31.2 | 46.8 | 17.0% |
| Canada | 23.4 | 25.9 | 39.9 | 38.5 | 18.1% |
| Finland | 11.9 | 7.9 | 15.5 | 32.0 | 39.1% |
| France | N/A | N/A | 0.6 | 8.8 | 1366.7% |
| Spain | 1.1 | 1.3 | 6.2 | 8.6 | 98.5% |
| Mexico | 1.1 | 1.0 | 1.4 | 4.6 | 61.1% |
| Japan | 16.3 | 10.6 | 0.1 | 0.1 | -81.7% |
| Others | 21.6 | 21.0 | 31.5 | 19.0 | -4.2% |
| Total | 105 | 89.5 | 126 | 158 | 14.6% |
Top Suppliers of NPK Fertilizer to the United States in 2022:
- Canada (68.2K tons)
- Norway (60.4K tons)
- Finland (40.5K tons)
- Spain (6.1K tons)
- France (4.0K tons)
- Mexico (3.1K tons)
- Japan (0.1K tons)
NPK Fertilizer Exports in the United States
In 2022, approx. 300K tons of mixed nitrogen, phosphorus and potassium (NPK) fertilizers were exported from the United States; standing approx. at the year before. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, NPK fertilizer exports surged to $105M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +14.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of NPK Fertilizer in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 23.3 | 30.3 | 33.0 | 33.9 | 13.3% |
| Mexico | 5.7 | 4.5 | 4.7 | 8.5 | 14.2% |
| Turkey | 3.5 | 2.1 | 4.3 | 7.2 | 27.2% |
| Others | 38.5 | 35.4 | 44.8 | 55.8 | 13.2% |
| Total | 71.0 | 72.4 | 86.8 | 105 | 13.9% |
Top Export Markets for NPK Fertilizer from the United States in 2022:
- Canada (168.5K tons)
- Mexico (82.4K tons)
- Turkey (5.6K tons)
This report provides an in-depth analysis of the npk fertilizer market in the U.S.. 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 - NPK fertilizers
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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1140
In August 2022, the monoammonium phosphate price per ton amounted to $867, shrinking by -1.7% against the previous month.
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U.S. diammonium phosphate imports reached the highest level in the last decade, peaking at 1.4M tons in 2021. By contrast, DAP production and exports followed a downward trend during the past ten years.
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In June 2022, the fertilizer price per tonstood at $587 per ton, falling by -3.7% against the previous month.
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Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
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