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Firms Talked about within the Report: PhosAgro PJSC, Uralchem JSC, EuroChem Group, Acron, Gazprom Neftekhim Salavat, KuibyshevAzot, Minudobreniya JSC, SDS Azot, Togliattiazot, Almaz Group, Belaruskali, Yara Worldwide, Fertagro Dealing with NV, Sico, Alfa Laval, Anorel, Qingdao Sonef Chemical Firm, Sinofert, Sinochem, Hubei Xinyangfeng Fertilizer, Wengfu Group, China XLX Fertilizer, Luxi Chemical Group, China BlueChemical, Anhui Liuguo Chemical Co., China Inexperienced Agriculture, Sichuan Chemical
NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) — IndexBox has simply printed a brand new report: ‘World – NPK Fertilizers – Market Evaluation, Forecast, Dimension, Traits and Insights’. Here’s a abstract of the report’s key findings.
NPK Fertilizer Market Statistics
Imports |
$8,337.5 Million USD |
Exports |
$7,496.6 Million USD |
Prime Importers |
China, India, Ukraine |
Prime Exporters |
Russia, Norway, Belgium |
The worldwide NPK fertilizer market worth rose to $42.2B in 2021, with a rise of two.8% in opposition to the earlier yr. This determine displays the whole revenues of producers and importers (excluding logistics prices, retail advertising and marketing prices, and retailers’ margins, which will probably be included within the last shopper value). The market worth elevated at a median annual charge of +1.2% from 2007 to 2021. REQUEST FREE DATA
In 2021, after 5 years of development, there was decline in consumption of NPK fertilizers, when its quantity decreased by -0.4% to 99M tonnes. Over the interval underneath evaluate, the whole consumption indicated slight development from 2007 to 2021: its quantity elevated at a median annual charge of +1.4% during the last fourteen-year interval. REQUEST FREE DATA
China, the U.S., India and Russia account for about 45% of worldwide NPK fertilizer consumption. From 2007 to 2021, the common annual charge of development when it comes to quantity in China totaled +2.8%. Within the different international locations, the common annual charges have been as follows: the US (-4.6% per yr), India (+18.3% per yr), Russia (-1.4% per yr). REQUEST FREE DATA
NPK Fertilizer Manufacturing
In 2021, after two years of decline, there was development in manufacturing of NPK fertilizers, when its quantity elevated by 0.3% to 99M tonnes. The whole output quantity elevated at a median annual charge of +1.3% over the interval from 2007 to 2021.
The 4 international locations, particularly China, Russia, the U.S., and India form greater than 50% of worldwide NPK fertilizer manufacturing. From 2007 to 2021, the common annual development charge of quantity in China totaled +3.0%. The remaining producing international locations recorded the next common annual charges of manufacturing development: Russia (+1.5% per yr), the US (-4.5% per yr), India (+16.6% per yr).
In worth phrases, manufacturing rose barely to $37.9B in 2021 estimated in export costs. The whole output worth elevated at a median annual charge of +1.7% from 2007 to 2021.
NPK Fertilizer Exports
In 2021, abroad shipments of NPK fertilizers have been lastly on the rise to achieve 19M tonnes after three years of decline. General, complete exports indicated a temperate improve from 2007 to 2021: its quantity elevated at a median annual charge of +3.0% during the last fourteen-year interval.
In worth phrases, NPK fertilizer exports soared to $7.5B in 2021. Typically, complete exports indicated measured development from 2007 to 2021: its worth elevated at a median annual charge of +3.0% during the last fourteen-year interval.
Exports by Nation
Russia was the most important exporter of NPK fertilizers on the earth, with the quantity of provides ending at 5.9M tonnes, which was close to 32% of complete exports in 2021. It was distantly adopted by Norway (2.1M tonnes), Belgium (1.2M tonnes), China (1.1M tonnes) and Belarus (1M tonnes), collectively producing a 29% share of complete exports. Morocco (757K tonnes), Poland (651K tonnes), the Netherlands (527K tonnes), Lithuania (456K tonnes), Spain (426K tonnes), the US (299K tonnes) and Germany (292K tonnes) adopted a great distance behind the leaders.
In worth phrases, Russia ($2B) stays the most important NPK fertilizer provider worldwide, comprising 27% of worldwide exports. The second place within the rating was taken by Norway ($777M), with a ten% share of complete provides. It was adopted by Belgium, with a 7.4% share.
In Russia, NPK fertilizer exports expanded at a median annual charge of +8.4% over the interval from 2007-2021. Within the different international locations, the common annual charges have been as follows: Norway (+2.4% per yr) and Belgium (+0.8% per yr).
Export Costs by Nation
In 2021, the common NPK fertilizer export value amounted to $403 per tonne, rising by 22% in opposition to the earlier yr. Costs diversified noticeably by the nation of origin; the nation with the very best value was the Netherlands ($809 per tonne), whereas Morocco ($270 per tonne) was amongst the bottom. From 2007 to 2021, probably the most notable charge of development when it comes to costs was attained by the Netherlands, whereas the opposite world leaders skilled extra modest paces of development.
NPK Fertilizer Imports
After two years of development, abroad purchases of NPK fertilizers decreased by -0.9% to 19M tonnes in 2021. Typically, complete imports indicated tangible development from 2007 to 2021: its quantity elevated at a median annual charge of +3.3% during the last fourteen years.
In worth phrases, NPK fertilizer imports skyrocketed to $8.3B in 2021. Typically, complete imports indicated buoyant development from 2007 to 2021: its worth elevated at a median annual charge of +3.3% during the last fourteen-year interval.
Imports by Nation
The international locations with the very best ranges of NPK fertilizer imports in 2021 have been 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), collectively accounting for 49% of complete purchases. Paraguay (357K tonnes) occupied a comparatively small share of complete imports.
In worth phrases, China ($641M), India ($533M) and Ukraine ($493M) gave the impression to be the international locations with the very best ranges of imports in 2021, collectively accounting for 20% of worldwide imports.
By way of the principle importing international locations, India noticed the very best charges of development with regard to the worth of imports, over the interval underneath evaluate, whereas purchases for the opposite world leaders skilled extra modest paces of development.
Import Costs by Nation
The typical NPK fertilizer import value stood at $433 per tonne in 2021, with a rise of 20% in opposition to the earlier yr. There have been vital variations within the common costs amongst the most important importing international locations. In 2021, the nation with the very best value was India ($501 per tonne), whereas Myanmar ($283 per tonne) was amongst the bottom. From 2007 to 2021, probably the most notable charge of development when it comes to costs was attained by Myanmar, whereas the opposite world leaders skilled extra modest paces of development.
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Product Protection
Mineral or chemical fertilizers containing the three fertilizing parts nitrogen, phosphorous and potassium.
Associated Hyperlinks
NPK Fertilizer Market
Fertilizers Market
Ammonium Nitrate Market
Nitrogenous Fertilizers Market
Diammonium Phosphate (DAP) Market
Contact Data
Mekhrona Dzhuraeva
Editor
media@indexbox.io
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