Argentina: Npk Fertilizer Market 2024

Npk Fertilizer Market Size in Argentina

The Argentinian NPK fertilizer market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a buoyant expansion. Consumption peaked in 2022 and is expected to retain growth in the immediate term.

Npk Fertilizer Production in Argentina

In value terms, NPK fertilizer production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with a decrease of X% against the previous year. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Npk Fertilizer Exports

Exports from Argentina

After two years of growth, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons in 2022. Over the period under review, exports faced a precipitous decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, NPK fertilizer exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belize (X tons), Uruguay (X tons) and Paraguay (X tons) were the main destinations of NPK fertilizer exports from Argentina, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uruguay (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for NPK fertilizer exported from Argentina were Uruguay ($X), Belize ($X) and Paraguay ($X), with a combined X% share of total exports.

Among the main countries of destination, Belize, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($X per ton) and Uruguay ($X per ton), while the average price for exports to Bolivia ($X per ton) and Belize ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Npk Fertilizer Imports

Imports into Argentina

In 2022, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, NPK fertilizer imports soared to $X in 2022. Overall, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of NPK fertilizer to Argentina, accounting for a X% share of total imports. Moreover, NPK fertilizer imports from Norway exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was taken by Spain (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Spain (X% per year).

In value terms, Norway ($X) constituted the largest supplier of mixed nitrogen, phosphorus and potassium (NPK) fertilizers to Argentina, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked 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 Spain ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :