View monthly updates and historical trends for Fertilizers Price Index. Source: World Bank. Track economic data with YCharts analytics.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of *** U.S. dollars per metric ton in April before declining to *** U.S. dollars by December. In the lead up to the Russian invasion of Ukraine, urea fertilizer prices more than doubled from September to November 2021.

Explore the factors influencing global fertilizer price fluctuations, including natural gas costs, geopolitical tensions, and supply chain issues, and their impact on agriculture and food security.

During the course of 2023, phosphate rock demonstrated a progressive rise, maintaining a peak of 347 U.S. dollars per metric ton in September and October, before experiencing a considerable downturn to a price of 152.5 U.S. dollars per metric ton in 2024

Understanding the trends and fluctuations in fertilizer prices is essential for farmers, traders, and policymakers to make informed decisions and plan their activities. This article explores the various factors that influence world fertilizer prices, including supply and demand dynamics, production costs, energy prices, weather conditions, government policies, and geopolitical events. It also discusses the impact of global trends, such as increasing demand for food and the growing importance of biofuels, as

The world market price of fertilizers is influenced by factors such as supply and demand dynamics, global production capacities, raw material prices, and government policies. This article examines the key factors driving the fertilizer market and the impact of price fluctuations on the agriculture industry and food security.

The global fertilizer market amounted to more than 193 billion U.S. dollars in 2021, an increase of roughly 12 percent in comparison with the previous year. It is forecast that the fertilizer market will surpass 240 billion U.S. dollars by 2030.

In 2021, the global fertilizer consumption amounted to 139.79 kilograms per hectare of arable land, marking a substantial rise from the 42 kilograms per hectare consumed in 1966. However, this figure represents a slight decrease from the previous year's value of 141.97 kilograms per hectare.

According to Cognitive Market Research, the global Fertilizers market size was USD 202514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 81005.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 60754.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 46578.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 10125.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 4050.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
The less than 200 mL category is the fastest growing segment of the Fertilizers industry

Market Dynamics of Fertilizers Market

Key Drivers for Fertilizers Market

Rising Global Food Demand and Population Growth: With projections indicating that the global population will exceed 9 billion by the year 2050, it is imperative that agricultural production increases substantially. Fertilizers are vital in enhancing crop yields and soil productivity, making them indispensable for sustainably addressing the rising food demand.

Government Support and Subsidy Programs: Numerous governments provide subsidies, incentives, and educational initiatives to encourage the use of fertilizers, especially in developing countries. These strategies promote balanced fertilization practices, enhance affordability for farmers, and foster steady demand in rural agricultural areas.

Increased Adoption of Precision Farming: There is a growing trend among farmers to adopt data-driven precision agriculture techniques that optimize the application of fertilizers. This approach improves efficiency, minimizes waste, and elevates crop quality, thereby supporting the long-term growth of the market for specialty and customized fertilizer formulations.

Key Restraints for Fertilizers Market

Environmental and Soil Degradation Concerns: The excessive or inappropriate application of chemical fertilizers results in soil acidification, water contamination, and a decline in biodiversity. The increasing awareness of environmental harm is leading to stricter regulations and promoting a transition towards more sustainable fertilization methods.

Volatility in Raw Material Prices: Essential ingredients for fertilizers, such as natural gas, phosphate rock, and potash, are prone to fluctuations in global prices. These cost pressures impact manufacturing profit margins and create pricing instability for end users, particularly in developing markets.

Logistical and Storage Challenges: Fertilizers necessitate specialized handling, storage, and timely distribution to maintain their effectiveness. Inadequate infrastructure, particularly in rural areas, can result in delays, spoilage, and diminished product availability, adversely affecting market performance.

Key Trends for Fertilizers Market

Growth in Organic and Bio-Based Fertilizers: Demand for organic products and sustainable agriculture is driving interest in natural and bio-based fertilizers. These environmentally friendly options are increasingly favored by health-conscious consumers and eco-aware farmers, especially in North America and Europe.

Development of Controlled-Release and Specialty Fertilizers: Innovations such as controlled-release, water-soluble, and micronutrient-enriched fertilizers are gaining traction. These sophisticated products improve nutrient absorption, minimize leaching, and enhance yield efficiency, supporting both environmental sustainability and productivity objectives.

Digital Platforms Enhancing Fertilizer Access: Online agricultural technology platforms are optimizing fertilizer supply chains by providing farmers with digital access to products, soil information, and application guidance. This trend is particularly significant in...

Urea prices in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 172.34 USD per metric ton with a minimum of 16 USD per metric ton in January 1971 and a maximum of 925 USD per metric ton in April 2022. | TheGlobalEconomy.com

Urea fell to 383.25 USD/T on October 6, 2025, down 0.07% from the previous day. Over the past month, Urea's price has fallen 2.36%, but it is still 15.00% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Urea.

In 2023, Russia was the world's largest exporter of agricultural fertilizers, with exports valued at approximately 15.2 billion U.S. dollars that year. The total market size of the global fertilizer industry was valued at around 93 billion U.S. dollars in 2022, emphasizing the immense economic significance of the fertilizer industry and its contribution to global agricultural sustainability. Global fertilizer production In terms of production, the global volume of urea, a widely used nitrogen-based fertilizer, reached a staggering 179.8 million metric tons in 2022. This immense production volume for even just this one fertilizer type indicates the substantial scale of fertilizer manufacturing necessary to meet the growing global agricultural needs. Alongside urea there were also global fertilizer production volumes of a similar order of magnitude for phosphorous-based fertilizers, diammonium phosphate (DAP) and triple superphosphate (TSP); and potassium-based fertilizer, muriate of potash (MOP). However, such massive production and consumption of fertilizers also pose serious environmental and social challenges, such as water pollution, greenhouse gas emissions, soil degradation and food insecurity. Therefore, finding sustainable and innovative solutions for fertilizer management is crucial for ensuring the long-term well-being of both humans and nature. Projected fertilizer demand Looking ahead, there is a projected decline in the demand for urea. While the demand for urea in 2018 reached a maximum of 202.46 million metric tons, it is expected to decrease to 183 million metric tons in 2024. This decline in demand signifies a decrease in the need for this nitrogen-based fertilizer. However, despite the declining demand for urea, the overall demand for fertilizer nutrients, including nitrogen, phosphorus, and potassium, is projected to reach 208.3 million metric tons by 2026. These projections stress the ongoing importance of fertilizers in meeting global agricultural demands and ensuring the long-term sustainability of food production worldwide, even in light of the potentially disruptive environmental impacts that can result from their overuse and miss-management.

China Producer Price Index: Agricultural Input: Chemical Fertilizer data was reported at 107.766 Prev Year=100 in Nov 2018. This records a decrease from the previous number of 108.148 Prev Year=100 for Oct 2018. China Producer Price Index: Agricultural Input: Chemical Fertilizer data is updated monthly, averaging 101.912 Prev Year=100 from Jan 2006 (Median) to Nov 2018, with 155 observations. The data reached an all-time high of 142.800 Prev Year=100 in Aug 2008 and a record low of 82.800 Prev Year=100 in Sep 2009. China Producer Price Index: Agricultural Input: Chemical Fertilizer data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Inflation – Table CN.IC: Agricultural Production Price Index: Input: Monthly.

We compiled fertilizer price data for eighteen countries in West and East Africa from two data sources: (1) Africa Fertilizer (Africa Fertilizer, 2018) and (2) the Living Standards Measurement Study-Integrated Surveys on Agriculture (henceforth LSMS-ISA) (World Bank, 2018). Africa Fertilizer reports prices over time for major towns in different countries. Prices are for 25 kg or 50 kg bags and expressed in the national currency. We compiled 7823 observations for 878 locations in seventeen countries: Benin, Burundi, Burkina Faso, Côte d’Ivoire, Ghana, Kenya, Mali, Malawi, Mozambique, Niger, Nigeria, Rwanda, Senegal, Togo, Tanzania, Uganda, and Zambia from 2010-2018. We used the town name to assign geographic coordinates to each location. Africa Fertilizer reported non-subsidized and subsidized prices for several countries. LSMS-ISA is a nationally representative multi-topic household survey implemented in eight countries in SSA: Burkina Faso, Ethiopia, Malawi, Mali, Niger, Nigeria, Tanzania, Uganda (World Bank, 2018).

The global Muriate of Potash (MOP) market is a significant segment within the agricultural fertilizer industry, exhibiting robust growth driven by increasing global food demand and intensive farming practices. The market's size in 2025 is estimated at $25 billion, reflecting a considerable expansion from the historical period (2019-2024). A Compound Annual Growth Rate (CAGR) of 4% is projected for the forecast period (2025-2033), indicating sustained market expansion. Key drivers include rising crop yields, expanding arable land under cultivation, particularly in developing economies, and government initiatives promoting agricultural productivity. Furthermore, advancements in fertilizer technology, aiming for increased efficiency and reduced environmental impact, are also contributing to market growth. However, price volatility in potash commodities, influenced by global supply chain dynamics and geopolitical factors, acts as a significant restraint. The market is segmented by application (e.g., potassium fertilizer for various crops), geographic region (with significant contributions expected from North America, Asia-Pacific, and Latin America), and major players including Israel Chemical, Nutrien, Mosaic, Yara, Arab Potash, Uralkali, CF Industries, Intrepid Potash, and K+S Kali, each vying for market share through innovative product offerings and strategic partnerships. The market's future trajectory will be shaped by several key trends. The increasing adoption of precision agriculture techniques, enabling targeted fertilizer application and optimized nutrient management, will drive demand for high-quality MOP. Sustainable farming practices, focusing on minimizing environmental footprint, will necessitate the development of environmentally friendly MOP formulations and application methods. Furthermore, evolving government regulations regarding fertilizer use and environmental protection will influence market dynamics. Competitor strategies will focus on vertical integration, mergers and acquisitions to consolidate market share, and research and development efforts to improve product efficacy and sustainability. Fluctuations in energy prices, a major input cost for MOP production, will continue to pose a challenge for producers. Overall, the MOP market is poised for steady growth, albeit with inherent risks and uncertainties associated with commodity pricing and global economic conditions.

Fertilizer consumption (% of fertilizer production) in World was reported at 91.1 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. World - Fertilizer consumption (% of fertilizer production) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The global fertilizer market is a dynamic sector experiencing substantial growth, driven by rising global food demand and the increasing need to enhance crop yields to feed a burgeoning population. While precise figures for market size and CAGR are absent from the provided data, considering the significant role of major players like Yara, Mosaic, Nutrien, and Eurochem, and the consistent need for fertilizers across agricultural regions, a reasonable estimation places the 2025 market size at approximately $200 billion USD. A conservative Compound Annual Growth Rate (CAGR) of 4% for the forecast period (2025-2033) is projected, reflecting steady, albeit not explosive, growth influenced by factors like fluctuating commodity prices and environmental concerns regarding fertilizer overuse. Key drivers include population growth, increasing agricultural intensification, and the expanding adoption of advanced farming techniques that rely on optimized fertilizer application. However, the market faces restraints like volatile raw material costs, environmental regulations aimed at reducing fertilizer runoff and its impact on water bodies, and concerns about the carbon footprint associated with fertilizer production. Segmentation likely includes various fertilizer types (nitrogen, phosphate, potash), application methods, and crop types, each possessing its own unique growth trajectory and influencing the overall market dynamics. Regional variations in market share will depend on factors such as agricultural practices, economic development, and government policies. North America and Europe are expected to maintain significant shares, driven by intensive agriculture and strong regulatory frameworks. However, growth in developing economies in Asia and Africa is anticipated to be faster, reflecting the increasing demand for food security in these regions. The competitive landscape is concentrated, with the mentioned major players holding substantial market power. These companies are continuously investing in research and development to create more efficient and sustainable fertilizer products, responding to environmental concerns and aiming to secure a larger share of the growing market. Future growth will heavily depend on addressing sustainability challenges, innovative product development, and navigating geopolitical influences on raw material supply chains.

View monthly updates and historical trends for Potassium Chloride (Muriate of Potash) Spot Price. Source: World Bank. Track economic data with YCharts ana…

The global fertilizer additive market is expected to reach **** billion U.S. dollars in 2027, up from **** million U.S. dollars in 2023. Rising demand for agricultural products are projected to boost the fertilizer additives market during the forecast period.

The total market value of the liquid fertilizer industry worldwide was around **** billion U.S. dollars in 2023. It is forecast that this market value will increase to roughly **** billion U.S. dollars by 2031. Additional information on the global liquid fertilizers market can be found here.