The top exporters of fertilizers in 2023 saw Russia leading with $6.64 billion, closely followed by China at $6.56 billion and Canada at $4.28 billion. The United States and Belarus also hold significant shares. Over the past two years, a substantial YoY growth pattern was observed, notably from Russia and China, suggesting an upward trajectory. The five-year CAGR also indicates consistent growth, driven by increased demand and strategic market expansions.
Future trends to watch include the impact of geopolitical tensions on export dynamics, the rise of sustainable fertilizer alternatives, and the evolving environmental regulations that could reshape export hierarchies. Expect technological innovations and market diversification strategies to influence competitive standings among top exporters.
Top countries in Top Exporters of Fertilizers
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Russia | 6,640 | 2016 | |
| 2 | 2 China | 6,560 | 2016 | |
| 3 | 3 Canada | 4,280 | 2016 | |
| 4 | 4 United States | 3,440 | 2016 | |
| 5 | 5 Belarus | 2,410 | 2016 | |
| 6 | 6 Morocco | 2,130 | 2016 | |
| 7 | 7 Netherlands | 2,000 | 2016 | |
| 8 | 8 Belgium | 1,860 | 2016 | |
| 9 | 9 Israel | 1,110 | 2016 | |
| 10 | 10 Germany | 860.65 | 2016 |
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