The total fertilizers market in Argentina presented revenues of $1.30 billion in 2009, a decrease of 18% compared to 2008, both years being heavily affected by the economic and agricultural crisis. By the end of 2010, revenues were approximately $1.50 billion. For 2017, the market is expected to be valued $2.51 billion, growing at a CAGR of 7.7% in the period 2010-2017.
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Demand for Fertilizers Shows New Opportunities in the Argentinean Market
The country accounted for less than 1% of the global fertilizers consumption in 2009, while China, India, and the United States together accounted for more than 50% of the market in the same year. Argentina has a very high vulnerability to the international prices of fertilizers and is a price taker in this market.
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