Companies Mentioned in the Report: PhosAgro PJSC, Uralchem JSC, EuroChem Group, Acron, Gazprom Neftekhim Salavat, KuibyshevAzot, Minudobreniya JSC, SDS Azot, Togliattiazot, Almaz Group, Belaruskali, Yara International, Fertagro Handling NV, Sico, Alfa Laval, Anorel, Qingdao Sonef Chemical Company, Sinofert , Sinochem, Hubei Xinyangfeng Fertilizer, Wengfu Group, China XLX Fertilizer, Luxi Chemical Group, China BlueChemical, Anhui Liuguo Chemical Co., China Green Agriculture, Sichuan Chemical
NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) — IndexBox has just published a new report: ‘World – NPK Fertilizers – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
NPK Fertilizer Market Statistics
$7,496.6 Million USD
China, India, Ukraine
Russia, Norway, Belgium
The global NPK fertilizer market value rose to $42.2B in 2021, with an increase of 2.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.2% from 2007 to 2021. REQUEST FREE DATA
In 2021, after five years of growth, there was a decline in consumption of NPK fertilizers, when its volume decreased by -0.4% to 99M tonnes. Over the period under review, the total consumption indicated slight growth from 2007 to 2021: its volume increased at an average annual rate of +1.4% over the last fourteen-year period. REQUEST FREE DATA
China, the US, India and Russia account for approximately 45% of global NPK fertilizer consumption. From 2007 to 2021, the average annual rate of growth in terms of volume in China totaled +2.8%. In the other countries, the average annual rates were as follows: the United States (-4.6% per year), India (+18.3% per year), Russia (-1.4% per year). REQUEST FREE DATA
NPK Fertilizer Production
In 2021, after two years of decline, there was growth in production of NPK fertilizers, when its volume increased by 0.3% to 99M tonnes. The total output volume increased at an average annual rate of +1.3% over the period from 2007 to 2021.
The four countries, namely China, Russia, the US, and India shape more than 50% of global NPK fertilizer production. From 2007 to 2021, the average annual growth rate of volume in China totaled +3.0%. The remaining producing countries recorded the following average annual rates of production growth: Russia (+1.5% per year), the United States (-4.5% per year), India (+16.6% per year).
In value terms, production rose slightly to $37.9B in 2021 estimated in export prices. The total output value increased at an average annual rate of +1.7% from 2007 to 2021.
NPK Fertilizer Exports
In 2021, overseas shipments of NPK fertilizers were finally on the rise to reach 19M tonnes after three years of decline. Overall, total exports indicated a temperate increase from 2007 to 2021: its volume increased at an average annual rate of +3.0% over the last fourteen-year period.
In value terms, NPK fertilizer exports soared to $7.5B in 2021. In general, total exports indicated measured growth from 2007 to 2021: its value increased at an average annual rate of +3.0% over the last fourteen-year period.
Exports by Country
Russia was the largest exporter of NPK fertilizers in the world, with the volume of supplies finishing at 5.9M tonnes, which was near 32% of total exports in 2021. It was distantly followed by Norway (2.1M tonnes), Belgium (1.2M tonnes), China (1.1M tonnes) and Belarus (1M tonnes), together generating a 29% share of total exports. Morocco (757K tonnes), Poland (651K tonnes), the Netherlands (527K tonnes), Lithuania (456K tonnes), Spain (426K tonnes), the United States (299K tonnes) and Germany (292K tonnes) followed a long way behind the leaders.
In value terms, Russia ($2B) remains the largest NPK fertilizer supplier worldwide, comprising 27% of global exports. The second position in the ranking was taken by Norway ($777M), with a 10% share of total supplies. It was followed by Belgium, with a 7.4% share.
In Russia, NPK fertilizer exports expanded at an average annual rate of +8.4% over the period from 2007-2021. In the other countries, the average annual rates were as follows: Norway (+2.4% per year) and Belgium (+0.8% per year).
Export Prices by Country
In 2021, the average NPK fertilizer export price amounted to $403 per tonne, growing by 22% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($809 per tonne), while Morocco ($270 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.
NPK Fertilizer Imports
After two years of growth, overseas purchases of NPK fertilizers decreased by -0.9% to 19M tonnes in 2021. In general, total imports indicated tangible growth from 2007 to 2021: its volume increased at an average annual rate of +3.3% over the last fourteen years.
In value terms, NPK fertilizer imports skyrocketed to $8.3B in 2021. In general, total imports indicated buoyant growth from 2007 to 2021: its value increased at an average annual rate of +3.3% over the last fourteen-year period.
Imports by Country
The countries with the highest levels of NPK fertilizer imports in 2021 were China (1,398K tonnes), Brazil (1,364K tonnes), India (1,062K tonnes), Ukraine (1,060K tonnes), Poland (790K tonnes), Spain (785K tonnes), Lithuania (690K tonnes), Thailand (665K tonnes), Myanmar (463K tonnes), France (450K tonnes), the UK (381K tonnes) and Romania (366K tonnes), together accounting for 49% of total purchases. Paraguay (357K tonnes) occupied a relatively small share of total imports.
In value terms, China ($641M), India ($533M) and Ukraine ($493M) appeared to be the countries with the highest levels of imports in 2021, together accounting for 20% of global imports.
In terms of the main importing countries, India saw 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
The average NPK fertilizer import price stood at $433 per tonne in 2021, with an increase of 20% against the previous year. There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was India ($501 per tonne), while Myanmar ($283 per tonne) was amongst the lowest. From 2007 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar, while the other global leaders experienced more modest paces of growth.
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