Projection is from the consulting firm MacroSector, which considers an upward trend in imports of raw materials and gross income in the field. The Brazilian fertilizer market is expected to grow 2.5% in 2020, with the delivery of 37 million tons. The projection is by MacroSector Consultores. In the consultancy’s estimates, delivery in 2019 was 36.1 million tons, which, in turn, represents a growth of 1.7% compared to 2018 (35.506 million tons). According to Fábio Silveira, director of the consultancy, one of the factors that justify the growth perspective is the trend of importing raw materials. In MacroSector’s projections, the volume is expected to increase from 29.512 million in 2019 to 30.426 million tons, an increase of 3.1%. Domestic production is expected to fall 1.17% in the same comparison, from 6.741 million to 6.662 million tons. Still according to the consultant, the demand for fertilizers follows the growth trend of the Gross Value of Production (VBP) of agriculture, which should be 6% in 2020, totaling R $ 415 billion, as projected by MacroSector. In grain crops alone, the projected gross revenue is R $ 262.1 billion, led by soy (R $ 166.2 billion) and corn (R $ 62.3 billion).
Source: Revista Globo Rural