Fertilizer Manufacturing in Canada
Industry performance has been volatile over the five years to 2018. Through 2014, falling prices of certain staple products like wheat caused diminishing production, lowering demand. While demand improved in 2015, that was also the year of peak fertilizer prices, following which a global supply glut has prompted declines in fertilizer prices that has slashed industry revenue despite increased downstream demand. Overall, industry revenue has fallen over the five years to 2018. Over the five years to 2023, industry revenue is expected to increase. Rising farm production will prompt increased demand for fertilizers. In addition, the global supply and demand imbalance is expected to lessen, and rising prices of fertilizers such as nitrogen and urea are expected to help the industry return to growth.
This industry primarily manufactures fertilizer products. These products contain a different mixture of the three vital nutrients essential for plant growth: nitrogen, phosphorous and potassium. The products are distributed via wholesale arrangements with third parties or, in the case of vertically integrated operations, by the manufacturer.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.