Key Market Indicators
The import of fertilizer into Panama is projected to reach 17,000 metric tons by 2026. This represents a slight decrease of 0.2% from 2021's 16,900 metric tons. Since 2007, demand for fertilizer has decreased by an average of 2.2% each year. In 2021, Panama came in at number 89 in the world rankings, with Uruguay just ahead at 16,900 metric tons. Brazil, Spain, and Thailand were ranked second, third, and fourth, respectively. Panamanian fertilizer exports dropped dramatically in 2019 to just 36.75 metric tons, down 93.1% from 2018's 530.2 metric tons. Since 2011, the country's supply has decreased by 36.7% annually. In the 2019 world rankings, Panama was 91st, with Algeria just ahead at 36.75 metric tons. Norway, Belgium, and Finland were ranked second, third, and fourth, respectively.