Global Npk Fertilizer Market 2024

Npk Fertilizer Market Size

The global NPK fertilizer market contracted slightly to $X in 2022, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Npk Fertilizer Production

In value terms, NPK fertilizer production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Npk Fertilizer Exports

Exports

In 2022, overseas shipments of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X%. The global exports peaked at X tons in 2021, and then fell in the following year.

In value terms, NPK fertilizer exports soared to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) represented the major exporter of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, generating X% of total exports. Norway (X tons) held the second position in the ranking, followed by Belgium (X tons) and Belarus (X tons). All these countries together took near X% share of total exports. Morocco (X tons), China (X tons), Finland (X tons), Poland (X tons), the Netherlands (X tons), Spain (X tons), Vietnam (X tons) and the United States (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), China (X%), Spain (X%), the United States (X%), Belarus (X%) and Norway (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Belgium, Vietnam, Finland and Poland experienced a relatively flat trend pattern. By contrast, the Netherlands (X%) illustrated a downward trend over the same period. Russia (X p.p.), Morocco (X p.p.), China (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the global exports, while Belgium, Norway and the Netherlands saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Belgium, the Netherlands, Morocco, China, Belarus, Spain, Poland, Vietnam and the United States lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average NPK fertilizer export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated moderate growth 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, NPK 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Npk Fertilizer Imports

Imports

After three years of growth, supplies from abroad of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Global imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, NPK fertilizer imports surged to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Brazil (X tons), followed by India (X tons) were the key importers of mixed nitrogen, phosphorus and potassium (NPK) fertilizers, together creating X% of total imports. China (X tons), Thailand (X tons), Spain (X tons), Romania (X tons), Ireland (X tons), Poland (X tons), Germany (X tons), Ukraine (X tons), France (X tons), the UK (X tons) and Colombia (X tons) took a relatively small share of total imports.

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

In value terms, Brazil ($X), India ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Thailand, Spain, Romania, Poland, Colombia, Ukraine, Ireland, France, the UK and Germany lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Colombia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average NPK fertilizer import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated perceptible growth 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, NPK fertilizer import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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