Brazil: Mixed Fertilizer Market 2024

Mixed Fertilizer Market Size in Brazil

In 2022, after three years of growth, there was significant decline in the Brazilian mixed fertilizer market, when its value decreased by X% to $X. In general, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Mixed Fertilizer Production in Brazil

In value terms, mixed fertilizer production reached $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Mixed Fertilizer Exports

Exports from Brazil

In 2022, overseas shipments of mixed fertilizers decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports showed a deep downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed fertilizer exports rose modestly to $X in 2022. Overall, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X tons) was the main destination for mixed fertilizer exports from Brazil, with a X% share of total exports. Moreover, mixed fertilizer exports to Paraguay exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was taken by Uruguay (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Paraguay amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

In value terms, Paraguay ($X) remains the key foreign market for mixed fertilizers exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average mixed fertilizer export price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2022: its price 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, mixed fertilizer export price increased by X% against 2020 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 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Paraguay ($X 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 Uruguay (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mixed Fertilizer Imports

Imports into Brazil

In 2022, supplies from abroad of mixed fertilizers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, mixed fertilizer imports soared to $X in 2022. Over the period under review, imports, however, posted resilient growth. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Russia (X tons), the United States (X tons) and Morocco (X tons) were the main suppliers of mixed fertilizer imports to Brazil, together accounting for X% of total imports. China, Saudi Arabia, Norway and Finland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed fertilizer suppliers to Brazil were Russia ($X), the United States ($X) and Morocco ($X), with a combined X% share of total imports. China, Saudi Arabia, Norway and Finland lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mixed fertilizer import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed notable growth. The growth pace was the most rapid in 2021 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Morocco ($X per ton) and Saudi Arabia ($X per ton), while the price for Norway ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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