Northern America: Fertilizer Market 2022

Fertilizer Market Size in Northern America

The North American fertilizer market skyrocketed to $X in 2021, picking up by 17% against the previous year. Overall, consumption, however, recorded a slight decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Fertilizer Production in Northern America

In value terms, fertilizer production expanded markedly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 9.4%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fertilizer Exports

Exports in Northern America

Fertilizer exports declined to X tons in 2021, which is down by -2.6% against 2020 figures. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 24%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, fertilizer exports surged to $X in 2021. Overall, exports saw a slight downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Canada (X tons) represented the largest exporter of fertilizers, making up 70% of total exports. It was distantly followed by the United States (X tons), creating a 30% share of total exports.

Canada was also the fastest-growing in terms of the fertilizers exports, with a CAGR of +4.0% from 2012 to 2021. The United States experienced a relatively flat trend pattern. From 2012 to 2021, the share of Canada increased by +9.3 percentage points.

In value terms, Canada ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2021.

Canada, with a CAGR of -1.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, increasing by 32% against the previous year. In general, the export price, however, continues to indicate a pronounced descent. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.5%).

Fertilizer Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in purchases abroad of fertilizers, when their volume increased by 16% to X tons. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 26% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, fertilizer imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the main importing country with an import of about X tons, which resulted at 86% of total imports. It was distantly followed by Canada (X tons), generating a 14% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fertilizer imports into the United States stood at +3.2%. At the same time, Canada (+4.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +4.8% from 2012-2021. While the share of Canada (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-1.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported fertilizers in Northern America, comprising 82% of total imports. The second position in the ranking was taken by Canada ($X), with an 18% share of total imports.

In the United States, fertilizer imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, growing by 50% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-0.4%).

Source: IndexBox Market Intelligence Platform

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