Report Update Apr 1, 2024

Mexico - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Fertilizer Market 2024

Fertilizer Market Size in Mexico

The Mexican fertilizer market surged to $X in 2022, growing by X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Fertilizer Production in Mexico

In value terms, fertilizer production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Fertilizer production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Fertilizer Exports

Exports from Mexico

In 2022, after two years of growth, there was significant decline in shipments abroad of fertilizers, when their volume decreased by X% to X tons. Over the period under review, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fertilizer exports fell sharply to $X in 2022. In general, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X tons), the United States (X tons) and Peru (X tons) were the main destinations of fertilizer exports from Mexico, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the largest markets for fertilizer exported from Mexico were the United States ($X), Guatemala ($X) and Peru ($X), together comprising X% of total exports.

In terms of the main countries of destination, Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average fertilizer export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Brazil ($X per ton), while the average price for exports to Chile ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fertilizer Imports

Imports into Mexico

In 2022, approx. X tons of fertilizers were imported into Mexico; jumping by X% on the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, fertilizer imports skyrocketed to $X in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Oman (X tons) and the United States (X tons) were the main suppliers of fertilizer imports to Mexico, with a combined X% share of total imports. China, Qatar, Belarus, Nigeria and Ukraine lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the United States ($X) and China ($X) were the largest fertilizer suppliers to Mexico, together comprising X% of total imports. Oman, Nigeria, Qatar, Belarus and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Qatar, with a CAGR of X%, 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 2022, the average fertilizer import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Nigeria ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fertilizers in the world?

The countries with the highest volumes of consumption in 2022 were China, India and the United States, together comprising 35% of global consumption. Brazil, Russia, Indonesia, France, Pakistan, Turkey and Japan lagged somewhat behind, together accounting for a further 24%.

What are the largest producers of fertilizers in the world?

The countries with the highest volumes of production in 2022 were China, Russia and India, together accounting for 36% of global production. The United States, Canada, Belarus, the Netherlands, Morocco, Saudi Arabia, Indonesia, Iran, Nigeria and Egypt lagged somewhat behind, together accounting for a further 32%.

What are the leading suppliers of fertilizers to Mexico?

In value terms, the largest fertilizer suppliers to Mexico were Russia, the United States and China, with a combined 65% share of total imports. Oman, Nigeria, Qatar, Belarus and Ukraine lagged somewhat behind, together comprising a further 23%.

What are the leading importers of fertilizers from Mexico?

In value terms, the United States, Guatemala and Peru constituted the largest markets for fertilizer exported from Mexico worldwide, together comprising 95% of total exports.

What is the average export price for fertilizers in Mexico?

The average fertilizer export price stood at $530 per ton in 2022, declining by -1.6% against the previous year.

What is the average import price for fertilizers in Mexico?

In 2022, the average fertilizer import price amounted to $464 per ton, growing by 8.8% against the previous year.

This report provides an in-depth analysis of the fertilizer market in Mexico. 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 4025 - Potassium nitrate
FCL 4004 - Calcium ammonium nitrate (CAN) and other mixtures with calcium carbonate
FCL 4005 - Sodium nitrate
FCL 4023 - Monoammonium phosphate (MAP)
FCL 4001 - Urea
FCL 4002 - Ammonium sulphate
FCL 4003 - Ammonium nitrate (AN)
FCL 4006 - Urea and ammonium nitrate solutions (UAN)
FCL 4016 - Potassium chloride (muriate of potash) (MOP)
FCL 4021 - NPK fertilizers
FCL 4014 - Other phosphatic fertilizers, n.e.c.
FCL 4022 - Diammonium phosphate (DAP)
FCL 4027 - PK compounds
FCL 4024 - Other NP compounds
FCL 4008 - Other nitrogenous fertilizers, n.e.c.
FCL 4012 - Superphosphates above 35%
FCL 4013 - Superphosphates, other
FCL 4018 - Other potassic fertilizers, n.e.c.

Country coverage:

Mexico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Mexico
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023