What this market covers
Bulk fertilisers containing nitrates and phosphates, apart from monoammonium and diammonium phosphate.
Typical segments
- Nitrophosphate
- Granular compound NP
- Bulk NP blends
- Water soluble NP
Why this market is moving now
- World trade shrank 5% from 2019 to 2024, a direct read on cross-border demand.
- The United States is gaining ground: its exports rose 142% from 2019 to 2024, the fastest among the ten largest exporters.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of nitrate phosphate fertiliser (HS 310551) were worth $479.3 million in 2024. | 479.3 USD million | 2024 | |
| World exports were 5% lower in 2024 than in 2019 ($504.1 million), calculated from the annual totals. | -5 % since 2019 | 2024 | |
| Russia was the largest exporter in 2024, with 27% of world exports ($131.2 million). | 27 % of world exports | 2024 | |
| The three largest exporters, Russia, Belgium and the United States, shipped 46% of world exports in 2024. | 46 % of world exports | 2024 | |
| Peru was the largest importer in 2024, buying $73.7 million, or 15% of world imports. | 15 % of world imports | 2024 | |
| 34 countries exported more than $1 million of this product in 2024. | 34 countries | 2024 | |
| The average world export price was about $0.48 per kilogram in 2024, calculated from value and weight. | 0.48 USD per kg | 2024 | |
| Countries exported 1.00 million tonnes of this product in 2024. | 1.00 million tonnes | 2024 | |
| Among the ten largest exporters, the United States grew fastest, with exports up 142% from 2019 to 2024. | +142 % since 2019 | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Fertiliser distributors
- Farm cooperatives
- Blending plants
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global nitrate phosphate fertiliser market?
There is no single official market total. World exports of HS 310551 reached $479.3 million in 2024, a direct measure of cross-border trade.
Which countries export the most nitrate phosphate fertiliser?
Russia led world exports in 2024 with 27% of the total, followed by Belgium, the United States and Tanzania.
Which countries import the most nitrate phosphate fertiliser?
Peru was the largest importer in 2024, followed by France, Canada and Germany.
Is world trade in nitrate phosphate fertiliser growing?
World exports were 5% lower in 2024 than in 2019.
What is the average export price of nitrate phosphate fertiliser?
Dividing world export value by weight gives about $0.48 per kilogram in 2024.
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