Northern America: Fertilizer Market 2024

Fertilizer Market Size in Northern America

The North American fertilizer market contracted to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Fertilizer Production in Northern America

In value terms, fertilizer production reached $X in 2023 estimated in export price. Overall, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Fertilizer Exports

Exports in Northern America

Fertilizer exports fell markedly to X tons in 2023, with a decrease of X% compared with the previous year. Total exports indicated a tangible increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, fertilizer exports dropped rapidly to $X in 2023. Over the period under review, exports, however, posted a mild increase. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

In 2023, Canada (X tons) represented the major exporter of fertilizers, making up X% of total exports. It was distantly followed by the United States (X tons), constituting a X% share of total exports.

Canada was also the fastest-growing in terms of the fertilizers exports, with a CAGR of X% from 2012 to 2023. The United States experienced a relatively flat trend pattern. From 2012 to 2023, the share of Canada increased by X percentage points.

In value terms, the largest fertilizer supplying countries in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Northern America amounted to $X per ton, shrinking by X% against the previous year. In general, the export price recorded a slight downturn. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Fertilizer Imports

Imports in Northern America

In 2023, after two years of growth, there was significant decline in purchases abroad of fertilizers, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2022, and then declined significantly in the following year.

In value terms, fertilizer imports contracted sharply to $X in 2023. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then declined significantly in the following year.

Imports by Country

In 2023, the United States (X tons) represented the main importer of fertilizers, generating X% of total imports. It was distantly followed by Canada (X tons), creating a X% share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Canada increased by X percentage points.

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

In the United States, fertilizer imports remained relatively stable over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform