World - Fertilizers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Mar 20, 2024

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

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Fertilizer Market

Fertilizer market: find the latest information powered by an Ai-driven market intelligence platform. Information provide market prices, consumption, imports, trade, production, market size, companies, and exports. Here is a split by country, including Latin America, the Middle East, the U.S., Russia, EU, the U.K., Africa, and China. Market trends and forecast to 2030 are also provided in the snapshots.


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Fertilizer - World's Largest Markets

RatingCountry
1China
2United States
3India
4Japan
5Brazil

In value terms, the largest fertilizer markets worldwide were China, the United States and India, together accounting for 28% of the global market. These countries were followed by Japan, Brazil, Canada, Indonesia, Pakistan, Russia, South Korea, Germany and Vietnam, which together accounted for a further 32%.

Canada saw the highest rates of growth with regard to market size, among the main consuming countries over the period under review, while fertilizer market for the other global leaders experienced more modest paces of growth.

Fertilizer Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Russia264271206-11.7%
Canada229257217-2.7%
Netherlands251258228-4.7%
Belgium263269232-6.1%
China317267233-14.3%
Lithuania264268240-4.7%
Belarus283305244-7.1%
Germany294295245-8.7%
Oman2042342459.6%
Algeria291309272-3.3%
United States313326281-5.2%
Morocco375334311-8.9%
Saudi Arabia377372334-5.9%
Average288289253-6.2%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Saudi Arabia ($334 per ton), while Russia ($206 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Oman, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada340355314-3.9%
Thailand330341304-4.0%
Australia321328296-4.0%
India323310284-6.2%
Argentina344336279-9.9%
China284320271-2.3%
Turkey2452622592.8%
Brazil283274253-5.4%
France247249232-3.1%
United States264276222-8.3%
Germany248247222-5.4%
Indonesia233216213-4.4%
Belgium262263202-12.2%
Average293294265-4.8%

Prices varied noticeably by the country of destination; the country with the highest price was Canada ($314 per ton), while Belgium ($202 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Turkey, while the other global leaders experienced a decline in the import price figures.

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Fertilizer - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Brazil8.68.38.6-0.2%
India5.77.17.112.0%
United States76.95.2-13.2%
China2.73.52.93.4%
France1.81.81.7-3.6%

In value terms, Brazil ($8.6B), India ($7.1B) and the United States ($5.2B) constituted the countries with the highest levels of imports in 2020, with a combined 35% share of global imports.

India recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Fertilizer - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Russia8.997-11.2%
China7.46.96.3-7.1%
Canada5.55.55.1-3.7%
Morocco3.22.93.43.2%
United States3.93.93.3-7.7%

In value terms, Russia ($7B), China ($6.3B) and Canada ($5.1B) constituted the countries with the highest levels of exports in 2020, together comprising 35% of global exports. These countries were followed by Morocco, the United States, Saudi Arabia, Belarus, the Netherlands, Belgium, Oman, Algeria, Germany and Lithuania, which together accounted for a further 37%.

Oman 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, while shipments for the other global leaders experienced more modest paces of growth.

Fertilizer - Market Forecast

Driven by increasing demand for fertilizer worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Fertilizer - Product Coverage

  • HS 283421 - Nitrates; of potassium
  • HS 310240 - Fertilizers, mineral or chemical; ammonium nitrate with calcium carbonate or other inorganic non-fertilizing substances, mixtures thereof
  • HS 310250 - Fertilizers, mineral or chemical; nitrogenous, sodium nitrate
  • HS 310490 - Fertilizers, mineral or chemical; potassic, n.e.s. in heading no. 3104
  • HS 310540 - Fertilizers, mineral or chemical; ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate)
  • HS 310210 - Fertilizers, mineral or chemical; nitrogenous, urea, whether or not in aqueous solution
  • HS 310221 - Fertilizers, mineral or chemical; nitrogenous, ammonium sulphate
  • HS 310230 - Fertilizers, mineral or chemical; nitrogenous, ammonium nitrate, whether or not in aqueous solution
  • HS 310280 - Fertilizers, mineral or chemical; nitrogenous, mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution
  • HS 310420 - Fertilizers, mineral or chemical; potassic, potassium chloride
  • HS 310520 - Fertilizers, mineral or chemical; containing the three fertilizing elements nitrogen, phosphorus and potassium
  • HS 310390 - Fertilizers, mineral or chemical; phosphatic, n.e.s. in heading no. 3103
  • HS 310530 - Fertilizers, mineral or chemical; diammonium hydrogenorthophosphate (diammonium phosphate)
  • HS 310560 - Fertilizers, mineral or chemical; containing the two fertilizing elements phosphorus and potassium
  • HS 310551 - Fertilizers, mineral or chemical; containing nitrates and phosphates
  • HS 310559 - Fertilizers, mineral or chemical; containing the two fertilizing elements nitrogen and phosphorus, other than nitrates and phosphates
  • HS 310229 - Fertilizers, mineral or chemical; nitrogenous, other than ammonium sulphate
  • HS 310260 - Fertilizers, mineral or chemical; nitrogenous, double salts and mixtures of calcium nitrate and ammonium nitrate
  • HS 310270 - Fertilizers, mineral or chemical; nitrogenous, calcium cyanamide
  • HS 310290 - Fertilizers, mineral or chemical; nitrogenous, other kinds including mixtures not specified in the foregoing subheadings
  • HS 310310 - Fertilizers, mineral or chemical; phosphatic, superphosphates
  • HS 310311 - Fertilizers, mineral or chemical; phosphatic, superphosphates, containing by weight 35% or more of diphosphorus pentaoxide (P2O5)
  • HS 310319 - Fertilizers, mineral or chemical; phosphatic, superphosphates, other than containing by weight 35% or more of diphosphorus pentaoxide (P2O5)
  • HS 310420 - Fertilizers, mineral or chemical; potassic, potassium chloride
  • HS 310430 - Fertilizers, mineral or chemical; potassic, potassium sulphate
  • HS 310490 - Fertilizers, mineral or chemical; potassic, n.e.s. in heading no. 3104

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global fertilizer market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Nutrien, Westfarmers, CF Industries, Mosaic, Saudi Arabian Fertilizer Company, Israel Chemicals, OCI, Coromandel, Chambal Fertilizers, Interpid Potash, Rashtriya Chemicals and Fertilizers, National Fertilizers, Mangalore Chemicals and Fertilizers, Southern Petrochemical Industries Corp, Uralchem, EuroChem, Agrium, BASF, Yara International, California Organic Fertilizers, Sigma AgriScience, Scotts Miracle-Gro Company, Terra Nitrogen Company, Trammo

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.

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Explore the top import markets for urea, including India, Brazil, United States, Australia, and more. Learn about their import values and key statistics.

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