Brazil Fertilizer Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Brazil fertilizer market is segmented by Product (Nitrogenous Fertilizers, Phosphatic Fertilizers, Potash Fertilizers, Secondary Nutrient Fertilizers, and Micronutrient Fertilizers), and Application (Grains and Cereals, Pulses and Oilseeds, Commercial Crops, Fruits and Vegetables, and Other Applications).

Market Snapshot

Market Snapshot 1
Study Period: 2016- 2026
Base Year: 2020
CAGR: 4.4 %

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Market Overview

The Brazilian fertilizer market is projected to register a CAGR of 4.4% during the forecast period (2021-2026).

The impact of the COVID-19 pandemic on Brazil's fertilizer market has been minimal, mainly attributed to reduced transportation barriers. All manners of agricultural activities have been exempted from lockdown restrictions; hence there has been no groundbreaking effect of the pandemic on this sector. In fact, the fertilizer market has registered positive growth compared to last year, due to the panic buying behavior of the farmers.

The potential expandable agricultural land, growing demand for micronutrient fertilizers, and government subsidies for agricultural inputs are the major factors driving the growth of the market studied. Currently, 33.0% of the country’s total land area is used for agriculture. Brazil, being a large agricultural producer, offers many opportunities for agrochemical companies. The market is witnessing several joint ventures between global players who are likely to increase their market share and make the Brazilian fertilizer market a technology-based fertilizer market.

Scope of the Report

The International Fertilizer Association defines a fertilizer as “any solid, liquid, or gaseous substance containing one or more plant nutrient in known amount, that is applied to the soil, directly on plants, or added to aqueous solutions (as in fertigation) to maintain soil fertility, improve crop development, yield, and/or crop quality”. The report defines the fertilizer market in terms of end-users. The Brazilian fertilizer market is segmented by product (nitrogenous fertilizers, phosphatic fertilizers, potash fertilizers, secondary nutrient fertilizers, and micronutrient fertilizers), and application (grains and cereals, pulses and oilseeds, commercial crops, fruits and vegetables, and other applications).

Product
Nitrogenous Fertilizers
Urea
Calcium Ammonium Nitrate
Ammonium Nitrate
Ammonium Sulfate
Anhydrous Ammonia
Other Nitrogenous Fertilizers
Phosphatic Fertilizers
Mono-ammonium Phosphate (MAP)
Di-ammonium Phosphate (DAP)
Triple Superphosphate (TSP)
Other Phosphatic Fertilizers
Potash Fertilizers
Muriate of Potash
Other Potash Fertilizers
Secondary Nutrient Fertilizers
Micronutrient Fertilizers
Application
Grains and Cereals
Pulses and Oilseeds
Commercial Crops
Fruits and Vegetables
Other Applications

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Key Market Trends

Increasing Fertilizer Imports in Brazil

According to the National Fertilizer Association (ANDA), in the first ten months of 2018, the total volume of fertilizer supplied to the Brazilian market increased by 3.9%. The survey conducted by ANDA revealed that average spending by farmers on fertilizer has continued to increase as it has become more difficult to expand the planted areas. The trade statistics of the country are likely to remain heavily dependent on fertilizer imports. Brazil’s fertilizer imports reached about 75.0% of total domestic use in 2017-18. According to ANDA, fertilizer imports were up by 4.5% in 2018, in line with the historical five-year average. For the first 10 months of 2018, the national fertilizer production was down by 2.9% compared to the previous year, a better performance than the five-year average annual decline of 4%. Thus, the increasing import dependency, coupled with the rising fertilizer use in the country, is likely to accelerate the sales of fertilizers in the years to come.

Brazil Fertilizers Market, Fertilizer Use in %, 2018

Potassic Fertilizer Dominates the Market

Brazil accounts for 66.0% of total domestically-used fertilizer in South America and is continuing to expand its crop cultivating area. Hence, the fertilizer demand increased in recent years. This trend is expected to continue, even though the planted area did not expand as fast in 2018 as it did in the years before that. According to the FAO, murate of potash acquired the largest share in the potassic fertilizer usage in agriculture, accounting for 499.08 thousand ton by volume in 2016 and 484.87 thousand metric ton by volume in 2017. Potassic is the fastest-growing fertilizer segment due to increasing soybean cultivation in Brazil. Furthermore, potassic fertilizer is suitable for the low-fertile and acidic soils of tropical Brazil, which helps in increasing the yield and productivity of the agricultural crop; this is driving the growth of the segment

Brazil Fertilizers Market, Consumption Value of Potassic Fertilizers in USD million, 2018-2020

Competitive Landscape

The Brazilian fertilizer market is fairly fragmented. The companies in the market are not only competing based on product quality and promotion but are also focused on strategic moves to hold larger market shares. New product launches, partnerships, and acquisitions are the major strategies adopted by the leading companies in the Brazilian fertilizer market. Fertilizantes Heringer S.A., Yara International ASA, The Mosaic Company, Nutrien Ltd, and Eurochem Group are some of the key players operating in the market.

Recent Developments

In November 2019, Yara International made an agreement to buy Vale SA's fertilizer complex in Cubatao, Brazil. This acquisition will allow Yara to double its fertilizer production capacity in Brazil to 3 million ton per year.

In January 2018, Mosaic Company acquired Brazilian Vale Fertilizantes. This acquisition provides Mosaic with a tremendous opportunity to capitalize on the fast-growing Brazilian agricultural market and improve its business conditions.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Nitrogenous Fertilizers

        1. 5.1.1.1 Urea

        2. 5.1.1.2 Calcium Ammonium Nitrate

        3. 5.1.1.3 Ammonium Nitrate

        4. 5.1.1.4 Ammonium Sulfate

        5. 5.1.1.5 Anhydrous Ammonia

        6. 5.1.1.6 Other Nitrogenous Fertilizers

      2. 5.1.2 Phosphatic Fertilizers

        1. 5.1.2.1 Mono-ammonium Phosphate (MAP)

        2. 5.1.2.2 Di-ammonium Phosphate (DAP)

        3. 5.1.2.3 Triple Superphosphate (TSP)

        4. 5.1.2.4 Other Phosphatic Fertilizers

      3. 5.1.3 Potash Fertilizers

        1. 5.1.3.1 Muriate of Potash

        2. 5.1.3.2 Other Potash Fertilizers

      4. 5.1.4 Secondary Nutrient Fertilizers

      5. 5.1.5 Micronutrient Fertilizers

    2. 5.2 Application

      1. 5.2.1 Grains and Cereals

      2. 5.2.2 Pulses and Oilseeds

      3. 5.2.3 Commercial Crops

      4. 5.2.4 Fruits and Vegetables

      5. 5.2.5 Other Applications

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Adubos Sudoeste

      2. 6.3.2 Brazil Potash

      3. 6.3.3 Bunge Limited

      4. 6.3.4 EuroChem

      5. 6.3.5 Fertilizantes Heringer SA

      6. 6.3.6 Fertipar

      7. 6.3.7 ICL Fertilizers

      8. 6.3.8 The Mosaic Company

      9. 6.3.9 Nutrien Ltd

      10. 6.3.10 Yara International ASA

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESSMENT OF COVID-19 IMPACT ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Brazil Fertilizer Market market is studied from 2016 - 2026.

The Brazil Fertilizer Market is growing at a CAGR of 4.4% over the next 5 years.

Fertilizantes Heringer S.A., Yara International ASA, The Mosaic Company, Nutrien Ltd., Eurochem Group are the major companies operating in Brazil Fertilizer Market.

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