NPK Fertiliser Price Trend

NPK Fertiliser Price Trend, Index and Forecast

Track the latest insights on NPK fertiliser price trend and forecast with detailed analysis of regional fluctuations and market dynamics across North America, Latin America, Central Europe, Western Europe, Eastern Europe, Middle East, North Africa, West Africa, Central and Southern Africa, Central Asia, Southeast Asia, South Asia, East Asia, and Oceania.

NPK Fertiliser Prices Outlook Q2 2025

• USA: US$ 647/MT
• China: US$ 633/MT
• Japan: US$ 727/MT
• Argentina: US$ 670/MT
• Brazil: US$ 550/MT

NPK Fertiliser Price Chart

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During the second quarter of 2025, the NPK fertiliser prices in the USA reached 647 USD/MT in June. In the USA, NPK fertiliser prices were influenced by fluctuations in natural gas costs, which impacted domestic ammonia production economics. Logistical constraints due to persistent barge traffic disruptions on the Mississippi River affected inland transportation. Additionally, demand from the agricultural sector remained seasonally strong, while import volumes from global suppliers were moderated by ongoing port congestion and international freight cost volatility.

During the second quarter of 2025, NPK fertiliser prices in China reached 633 USD/MT in June. In China, government-imposed restrictions on fertiliser exports to ensure domestic availability continued to influence local NPK pricing dynamics. Elevated coal prices increased production costs for key inputs like urea and phosphate. Moreover, periodic shutdowns of manufacturing units due to environmental inspections disrupted output levels. Procurement activity from the agricultural sector remained firm, further shaping internal price trends.

During the second quarter of 2025, the NPK fertiliser prices in Japan reached 727 USD/MT in June. In Japan, NPK fertiliser pricing was influenced by dependency on imports, with foreign exchange fluctuations impacting landed costs. The depreciation of the yen against major currencies raised the cost of imported raw materials and finished products. Additionally, higher maritime freight charges and elevated energy prices affected domestic blending operations. Demand from the horticulture and rice cultivation sectors also played a role in shaping purchasing patterns.

During the second quarter of 2025, the NPK fertiliser prices in Argentina reached 670 USD/MT in June. In Argentina, NPK fertiliser prices were impacted by currency instability, which complicated international procurement and raised transaction costs. Delays in raw material shipments due to customs clearance bottlenecks affected local formulation timelines. Fertiliser demand was sustained by ongoing soybean and corn cultivation cycles, while domestic producers faced rising input costs driven by higher prices for phosphate and nitrogen-based intermediates.

During the second quarter of 2025, the NPK fertiliser prices in Brazil reached 550 USD/MT in June. In Brazil, NPK fertiliser prices were shaped by increased procurement activity ahead of the planting season for soybeans and corn. Port congestion at key entry points led to delays in the discharge of imported raw materials, affecting formulation schedules. The depreciation of the Brazilian real contributed to elevated import costs, while international prices for potash and phosphate intermediates added further upward pressure on local production expenses.

NPK Fertiliser Prices Outlook Q1 2025

• USA: US$ 664/MT
• China: US$ 655/MT
• Japan: US$ 711/MT
• Germany: US$ 606/MT
• Brazil: US$ 530/MT

During the first quarter of 2025, the NPK fertiliser prices in the USA reached 664 USD/MT in March. As per the NPK fertiliser price chart, prices experienced slight variations. In March, the USA imposed tariffs on most Canadian products, including potash, a key ingredient in NPK fertilizers. This tariff raised concerns about supply shortages and potential price increases. Although a temporary reprieve was announced, the uncertainty led to price volatility in the market.

During the first quarter of 2025, the NPK fertiliser prices in China reached 655 USD/MT in March. ​Domestically, the spring planting season in China increased the demand for fertilizers, tightening the supply of NPK fertilizers. Besides, phosphorus production in China, a key ingredient in NPK fertilisers faced challenges due to power shortages, further impacting prices.

During the first quarter of 2025, the NPK fertiliser prices in Japan reached 711 USD/MT in March. The fluctuations in prices were influenced by a combination of global supply chain disruptions, regional demand cycles, and shifts in international trade dynamics.

During the first quarter of 2025, the NPK fertiliser prices in Germany reached 606 USD/MT in March. The surge in natural gas prices, a key raw material for nitrogen fertilizers, significantly impacted production costs. Besides, geopolitical tensions disrupted supply chains and reduced fertilizer availability.

During the first quarter of 2025, the NPK fertiliser prices in Brazil reached 530 USD/MT in March. The appreciation of the U.S. dollar made fertilizer imports more expensive, prompting Brazilian producers to accelerate purchases when prices were more favorable. Besides, the prices of raw materials essential for NPK production exhibited mixed trends further impacting the prices.

NPK Fertiliser Prices Outlook Q4 2024

• USA: US$ 612/MT
• Switzerland: US$ 583/MT
• Germany: US$ 778/MT

During the last quarter of 2024, the NPK Fertiliser prices in the USA reached 612 USD/MT in December. As per the NPK Fertiliser price chart, the prices increased by around 7.55% compared to the same quarter last year. Fertiliser demand in the United States is highly seasonal, with peak demand occurring during spring planting. This seasonality creates fluctuations in prices. Moreover, domestic production costs, including the cost of natural gas and other raw materials also influenced the Fertiliser prices.

In Q4 2024, the NPK Fertiliser prices in Switzerland reached 583 USD/MT in December. The prices witnessed an increment of 6.19% as compared to December 2023. The global dynamics of supply and demand, which are greatly impacted by geopolitical factors such as the conflict in Ukraine, shifting natural gas prices, and changes in the production capacities of major Fertiliser exporting nations, were the main causes of the price volatility of NPK Fertiliser in Switzerland in Q4 2024.

During the last quarter of 2024, the NPK Fertiliser prices in Germany reached 778 USD/MT in December. The prices increased by around 7.60% more than in the same period last year. Natural gas is a crucial input in the production of nitrogen-based Fertilisers. Hence, volatility in natural gas prices, particularly in Europe, directly affected Fertiliser production costs.

NPK Fertiliser Prices Outlook Q3 2023

• USA: US$ 569/MT
• Switzerland: US$ 549/MT
• Germany: US$ 723/MT

The NPK fertiliser prices in the United States for Q3 2023 reached 569 USD/MT in September. The market reflected a mixed pricing trend influenced by an increase in agricultural demand and an influx of supplies in 2023. However, as the year progressed, these factors, along with variable energy and operational costs, led to uneven market conditions and a challenging environment for price stability across the region.

The price trend for NPK fertiliser in Switzerland for Q3 2023, reached 549 USD/MT in September. The market experienced a robust development, driven by heightened demand from end user industries. While trading activities faced limitations, the market’s upward trajectory was further constricted by rising crude oil and other energy sources prices. Additionally, disruptions in the Red Sea route led to a limited supply from overseas, causing product scarcity and an increase in prices.

The price trend for NPK fertiliser in Germany for Q3 2023, reached 723 USD/MT in September. The demand for NPK fertilizers remained high, supporting strong market momentum despite various challenges. Disruptions along the Red Sea route restricted overseas supply, leading to scarcity and price increases. Meanwhile, escalating energy costs and trading limitations posed additional hurdles, impacting the NPK fertilizers costs during the closing part of the year.

Regional Coverage

The report provides a detailed analysis of the market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of FOB and CIF prices, as well as the key factors influencing the NPK fertiliser prices.

Global NPK Fertiliser Price Trend

The report offers a holistic view of the global NPK fertiliser pricing trends in the form of NPK fertiliser price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price levels but also provides insights into historical price of NPK fertiliser, enabling stakeholders to understand past fluctuations and their underlying causes. The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed NPK fertiliser demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe NPK Fertiliser Price Trend

Q2 2025:

As per the NPK fertiliser price index, the European market maintained high price levels due to finite supplies. Production output was hampered by maintenance plans at refineries. Overall consumption did not significantly increase in spite of these supply-side issues, especially in the agricultural input segment. The market remained solid due to stable usage and limited availability. As a result, sustained supply pressures and steady downstream demands supported the NPK fertiliser market's steady trajectory throughout the time frame.

Q1 2025:

As per the NPK fertiliser price index, with rising commodity costs and geopolitical tensions playing a major role, the market in Europe went through one of its worst conditions. Farmers and producers were in a challenging position as a result of the skyrocketing prices brought on by high production costs, limited supplies, and logistical issues. Additionally, geopolitical issues hampered the supply from important markets. This, coupled with the declining value of the euro, raised the cost of imports and caused price volatility.

Q4 2024:

The price volatility of natural gas, a crucial input for nitrogen-based Fertilisers, coupled with ongoing geopolitical tensions, supply chain disruptions, and the impact of the war in Ukraine on important Fertiliser-producing regions like Russia and Belarus, are the main causes of the volatility in NPK Fertiliser prices in Europe. These factors also contribute to unstable production costs and market dynamics.

Q3 2023:

During 2023, Europe's NPK fertilizer market faced challenges due to limited imports following disturbances along the Red Sea trading route, leading to product shortages and price increases. High demand from various industrial sectors sustained market growth, despite increasing prices for crude oil and other energies, and trading constraints. These factors collectively hindered price stability and impacted the overall market trajectory in Europe.

This analysis can be extended to include detailed NPK fertiliser price information for a comprehensive list of countries.

North America NPK Fertiliser Price Trend

Q2 2025:

As per the NPK fertiliser price index, in North America, the market was influenced by variable natural gas costs affecting ammonia production margins. Seasonal demand from the agricultural sector remained steady, especially for corn and soybean cultivation. Inland transportation faced delays due to river navigation issues, while international imports experienced timing mismatches linked to vessel congestion and container shortages. Market activity was also shaped by fluctuations in the cost of potash from Canadian suppliers.

Q1 2025:

The United States placed a 25% tariff on most Canadian imports, including fertilizers, raising expenses for farmers that rely on Canadian potassium. While a temporary reprieve was announced, concern about future duties created price volatility. Moreover, natural disasters, such as hurricanes affecting Florida's phosphate facilities and geopolitical issues, disrupted fertilizer production and distribution, contributing to fluctuations.

Q4 2024:

As per NPK Fertiliser price chart, factors such as fluctuating natural gas prices, and the effect of global agricultural commodity prices on farmers margins had a large effect on Fertiliser prices. Besides this, production constraints and changing export strategies from key producing countries like Russia, Canada, and Belarus also influenced the prices.

Q3 2023:

In the latter half of 2023, the market in North America experienced fluctuating price trends, driven largely by varying feedstock costs. Initially buoyed by heightened demand from agriculture, the market faced challenges as increased supplies, both domestic and international, began to pressure pricing structures. Changes in energy production costs and operational expenses further influenced the market, causing prices to oscillate and creating a complex trading environment for industry participants.

Specific NPK fertiliser historical data within the United States and Canada can also be provided.

Middle East and Africa NPK Fertiliser Price Trend

Q2 2025:

As per the NPK fertiliser price chart, the prices in the Middle East and Africa fluctuated due to a complex interplay of factors, primarily driven by supply chain disruptions, seasonal demand shifts, and geopolitical influences. A tight supply from refineries, exacerbated by maintenance rounds and unplanned outages, put pressure on prices. Simultaneously, demand from the agrochemical sector during the planting season contributed to price changes.

Q1 2025:

The report explores the NPK fertiliser trends and NPK fertiliser price chart in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on NPK fertiliser prices for countries can also be provided.

Asia Pacific NPK Fertiliser Price Trend

Q2 2025:

In the Asia Pacific region, NPK fertiliser prices were driven by government-imposed trade restrictions in China, limiting regional phosphate exports. Energy cost volatility impacted the cost of nitrogen and phosphate production across key manufacturing hubs. Currency depreciation in several importing nations raised landed prices, while maritime freight costs remained elevated. Agricultural sector demand remained active due to ongoing planting activities across Southeast Asia and South Asia.

Q1 2025:

NPK and phosphate imports remained stable in India, which impacted pricing in the region. Besides, countries like Indonesia and the Philippines exhibited a stronger demand for NPK fertilizers, driven by pre-monsoon procurement activities. Moreover, maritime freight rates for bulk fertilizers showed fewer disruptions compared to previous months, facilitating smoother trade flows and contributing to price changes in the market.​

Q4 2024:

The Asia Pacific region's NPK Fertiliser prices are largely influenced by changing supply sources. China has drastically cut exports to stabilize domestic prices, which has caused buyers to turn to alternative suppliers like Brazil and Russia. This has resulted in price volatility throughout the region, which is further influenced by changes in global demand and the ongoing effects of the Russia-Ukraine conflict on major Fertiliser-producing countries.

Q3 2023:

The Asia Pacific market underwent significant changes as suppliers shifted away from China toward alternative sources like Brazil and Russia during the latter quarter of 2023, aiming to meet regional demands more effectively. China's strict export restrictions, intended to stabilize domestic costs, resulted in static prices within its borders however caused price fluctuations across other parts of Asia. This redistribution of supply sources reshaped the pricing dynamics across the region.

This NPK fertiliser price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America NPK Fertiliser Price

Q2 2025:

In Latin America, NPK fertiliser prices were affected by exchange rate instability in major markets such as Brazil and Argentina, which raised import costs. Procurement activity intensified ahead of key sowing seasons, leading to port congestion and customs delays. International prices for potash and phosphate inputs remained firm, impacting local formulation costs. The agricultural sector’s planting schedules for soybeans, maize, and sugarcane also influenced overall demand patterns.

Q1 2025:

In countries like Brazil, the demand for fertilizers remained strong due to the ongoing planting season. However, the pace of purchasing varied, with some regions experiencing a slowdown as farmers anticipated potential price corrections. Moreover, disruptions along key maritime routes impacted the timely delivery of fertilizers to Latin American ports, causing price fluctuations.

Q4 2024:

Latin America's NPK Fertiliser market is predominantly influenced by its rich natural reserves, particularly in countries like Chile and Brazil. However, political instability and inconsistent regulatory frameworks can lead to significant volatility in NPK Fertiliser prices. Infrastructure challenges and logistical inefficiencies often impact the supply chain, affecting the region's ability to meet international demand consistently. Moreover, NPK Fertiliser price index, economic fluctuations, and currency devaluation are critical factors that need to be considered when analyzing NPK Fertiliser pricing trends in this region.

This comprehensive review can be extended to include specific countries within the region.

NPK Fertiliser Price Trend, Market Analysis, and News

IMARC's latest publication, “NPK Fertiliser Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the NPK fertiliser market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of NPK fertiliser at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed NPK fertiliser prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting NPK fertiliser pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

NPK Fertiliser Industry Analysis

The global NPK fertiliser market size reached USD 20.07 Billion in 2024. By 2033​, IMARC Group expects the market to reach USD 34.49 Billion, at a projected CAGR of 5.89% during 2025-2033.

• The pressing need to produce more food on limited arable land, which is generally driven by the rising global population and the finite nature of cultivable land, is driving the market growth. Farmers are compelled to use Fertilisers, such as NPK, to enhance soil fertility and boost crop yields. These Fertilisers provide essential nutrients that promote healthy plant growth, ensuring higher productivity per unit area. By maximizing crop output, Fertilisers play a crucial role in addressing food security challenges, enabling the production of sufficient food to meet the dietary needs of a growing population. According to the data published by the United Nations, the world population is projected to reach 8.5 billion in 2030, and to increase further to 9.7 billion in 2050 and 10.4 billion by 2100.
• Awareness of soil degradation and the urgency for sustainable farming practices are driving the adoption of balanced fertilization using NPK Fertilisers. Soil health is crucial for long-term agricultural productivity, and NPK Fertilisers provide essential nutrients that help maintain soil fertility. By supplying the right balance of nitrogen, phosphorus, and potassium, these Fertilisers improve soil structure, enhance microbial activity, and prevent nutrient depletion. Sustainable use of NPK Fertilisers ensures healthy crop growth, boosts yields, and supports environmental conservation efforts, promoting a resilient agricultural ecosystem.
• Enhanced formulations of NPK Fertilisers involve creating advanced mixes that are specifically designed to meet the unique nutritional needs of different crops and varying soil conditions. This customization ensures that plants receive the optimal balance of nutrients, which maximizes growth and yield. These tailored formulations improve nutrient uptake efficiency, reduce waste, and enhance crop performance under diverse environmental conditions. As a result, farmers are more likely to adopt these specialized NPK Fertilisers, boosting their effectiveness and increasing overall agricultural productivity. For instance, in February 2022, Nuberg EPC was awarded the contract to build a 1650 tpd NPK Fertiliser plant for The Fertilisers and Chemicals Travancore Ltd. (FACT) in Kochi. The project was scheduled for completion by mid-2023 and will expand FACT's production capacity to 3,650 tpd of complex Fertiliser. Nuberg EPC will utilize advanced PN and PN+PR technologies to produce various grades of NPK, further demonstrating its engineering capabilities and commitment to India's "Atmanirbhar Bharat Abhiyaan”.

 NPK Fertiliser News

The report covers the latest developments, updates, and trends impacting the global NPK fertiliser industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in NPK fertiliser production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the NPK fertiliser price trend.

Latest developments in the NPK fertiliser industry:

• In July 2024, Scatec ASA and partners ECHEM and MOPCO signed a Heads of Terms with Yara Clean Ammonia for renewable ammonia offtake from Egypt. The project involves developing renewable energy and an electrolyzer facility to produce renewable hydrogen, which will be used to create renewable ammonia in Egypt. This initiative supports Egypt's national low carbon hydrogen strategy and contributes to a greener future. The project is expected to produce up to 150,000 tonnes of renewable ammonia annually.
• In May 2024, EuroChem initiated the third phase of its investment project in Kazakhstan, signing an agreement with China National Chemical Engineering Co. (CNCEC) for the construction of a chemical complex. The total investment in the project will exceed US$1 billion and the complex is expected to produce over 1 million tonnes of mineral Fertilisers and industrial products annually. The unique technology used will minimize waste and produce eco-friendly by-products for various industries.

Product Description

NPK fertiliser is a type of multi-nutrient fertiliser that contains three essential nutrients: nitrogen (N), phosphorus (P), and potassium (K). These nutrients are vital for plant growth and development. Nitrogen is crucial for leaf and stem growth, promoting lush, green foliage. Phosphorus is important for root development, flower formation, and seed production, enhancing the overall reproductive processes of plants. Potassium plays a key role in overall plant health, improving disease resistance, water uptake, and nutrient absorption. NPK fertilisers are available in various ratios, tailored to meet the specific needs of different plants and soil conditions. They are widely used in agriculture, gardening, and horticulture to ensure balanced nutrient supply, thereby maximizing crop yield and quality. The balanced formulation of NPK fertilisers helps in addressing soil nutrient deficiencies, promoting healthy plant growth, and ensuring sustainable agricultural practices.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of NPK fertiliser pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting NPK fertiliser price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The NPK fertiliser price charts ensure our clients remain at the forefront of the industry.