Nitrate fertilizers are, next to urea, an important nitrogen source for crops around the world. The three main nitrate fertilizers – urea ammonium nitrate (UAN), ammonium nitrate (AN) and calcium ammonium nitrate (CAN) – in contrast to urea, contain nitrogen in the nitrate form, which can be directly taken up by plants.Key facts about the nitrates fertilizer market
Nitrates Fertilizer Market and Price Analysis
Key themes affecting the nitrates fertilizer market
Higher production costs in Europe, a key producing and consuming region, ensured that prices increased sharply during the last months of 2021 – in some cases however still forcing marginal producers to bring maintenance and turnarounds forward.
Tensions at the Russia/Ukraine border during early 2022 present an important risk to international supply, while a petition for imposing countervailing duties on Russian and Trinidadian UAN continues in the United States.
The long-term prospects for nitrates demand are subject to considerable upside risk in the broader context of decarbonization, especially should carbon-based urea need to be replaced in some consuming markets.
| International Nitrates prices and consumption volumes | ||||||
| UAN NOLA (per short ton) | AN fob Baltic/Black Sea (per tonne) | CAN cif Germany inland (per tonne) | Global UAN consumption (million tonnes) | Global fertilizer-grade AN consumption (million tonnes) | Global CAN consumption (million tonnes) | |
| 2017 | $158 | $193 | €190 | 21.4 | 21.3 | 15.1 |
| 2018 | $184 | $185 | €199 | 22.2 | 21.4 | 14.8 |
| 2019 | $163 | $182 | €198 | 21.9 | 21.6 | 14.8 |
| 2020 | $127 | $161 | €168 | 23.1 | 22.2 | 16.2 |
| 2021 | $338 | $321 | €340 | 22.3 | 21.6 | 15.1 |
Solutions
At IHS Markit we offer market-leading nitrates fertilizer information solutions via our globally recognised Fertecon service. Specialists in offering comprehensive data and analysis across the global fertilizer market, with current, short-term and long-term solutions to support all operational needs in your organisation.
Weekly Report
Keep abreast of the nitrates market and spot new opportunities with our weekly market report. Key benefits include reliable price discovery, news on key developments, and trade statistics and news alerts.
More About Our MethodologyMonthly Futures Report
Plan for the mid-term and make smarter investment decisions with our nitrates market intelligence. Key benefits include global market overview, major company news, and trade statistics alerts.
Quarterly Market Reports
Steer your business in the right strategic direction with this in-depth quarterly report on the nitrates market, forecasting out 10 years. Key benefits include comprehensive market analysis, price, supply demand and trade forecasts, and coverage of hot topics.
API and Data Feeds
Pricing, supply-demand and forecasts on the nitrates market delivered directly to your organisation to support centralised models and trading systems used by team members across your business.
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Over three decades of historical nitrates pricing, production and trade data across all core nutrients available to purchase to support your organisation with strategic analysis and economic modelling.
Consulting
Consulting services spanning all your needs in the fertilizer markets, from long-term forecasting beyond what is available in our subscription services to market studies for financial investments reviewing everything from market forecasts to competitor intelligence.