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). In the official statistics of the sector, released by the National Association for the Dissemination of Fertilizers (Anda) on its official website, the most up-to-date figures are until September 2019. In that month, the delivery of fertilizers was 4.223 million tons, 0.6% unless in September 2018. In the nine months of last year, the volume was 26.243 million, 1.5% more than in the same period in the previous year, when the delivery from January to September was 28.855 million tons. Fertilizer imports in September last year were 2.714 million tons, 1.9% less than in the same month in 2018 (2.766 million). From January to September 2019, 21.341 million tons were imported, a volume 12.7% higher than accumulated in the first nine months of 2018, when purchases from abroad totaled 18.929 million tons.
Source: Global Fert