Australia: Fertilizer Market 2023

Fertilizer Market Size in Australia

The Australian fertilizer market soared to $X in 2021, growing by 50% against the previous year. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +92.3% against 2016 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Australia

In value terms, fertilizer production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24%. Fertilizer production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Fertilizer Exports

Exports from Australia

In 2021, the amount of fertilizers exported from Australia declined modestly to X tons, which is down by -1.7% on 2020. In general, exports showed a slight curtailment. The growth pace was the most rapid in 2016 with an increase of 36%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fertilizer exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for fertilizer exports from Australia, with a 31% share of total exports. Moreover, fertilizer exports to the United States exceeded the volume sent to the second major destination, Pakistan (X tons), threefold. The third position in this ranking was held by Brazil (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +98.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+10.3% per year) and Brazil (+87.5% per year).

In value terms, the United States ($X) remains the key foreign market for fertilizers exports from Australia, comprising 32% of total exports. The second position in the ranking was taken by Pakistan ($X), with an 8.8% share of total exports. It was followed by Brazil, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +63.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+10.7% per year) and Brazil (+60.1% per year).

Export Prices by Country

In 2021, the average fertilizer export price amounted to $X per ton, surging by 70% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fertilizer export price increased by +75.7% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+20.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Australia

In 2021, purchases abroad of fertilizers increased by 18% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.8% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizer imports soared to $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.7% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Saudi Arabia (X tons) and Qatar (X tons) were the main suppliers of fertilizer imports to Australia, together accounting for 28% of total imports. Malaysia, Indonesia, Russia, Canada and the United States lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Saudi Arabia ($X) and Qatar ($X) constituted the largest fertilizer suppliers to Australia, with a combined 28% share of total imports. Malaysia, Indonesia, the United States, Canada and Russia lagged somewhat behind, together comprising a further 15%.

Among the main suppliers, Malaysia, with a CAGR of +29.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average fertilizer import price amounted to $X per ton, increasing by 44% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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