Wednesday, October 30, 2013
A First Look at the Fertilizer Industry
Fertilizers account for up to two-thirds of the agricultural chemicals industry. Currently, China is the biggest consumer and producer of fertilizers in the world, with 55.6 million tons consumed in 2010. With $16.5 billion worth of fertilizers imported in 2010, the US is the biggest importer. Russia is the largest exporter, with $27 billion worth of fertilizers exported in the same year.
Fertilizer consumption and prices have been in a secular uptrend, with consumption increasing 14.5% over the last five years. The prices of nitrogenous, phosphatic and potash fertilizers slumped following the financial crisis, but have recovered steadily since then. Read More: DD, MON, MOS, POT,TSN