Chile Fertiliser Market Report and Forecast 2024-2032

Chile Fertiliser Market Outlook

The Chile fertiliser market size attained a volume of 660.1 thousand tons in 2023. The market is further projected to grow at a CAGR of 0.036% between 2024 and 2032, reaching a volume of 911.06 thousand tons by 2032.

Key Takeaways

• In 2021, Chile’s fertiliser consumption stood at 359.1 kilograms per hectare. This represents a substantial increase from the 31.6 kilograms per hectare recorded in 1972, growing at an average annual rate of 6.20%.

• Moreover, the ratio of fertiliser consumption to production in Chile was 51.42% in 2021. This indicates that a significant portion of the domestically produced fertilisers is utilised within the country.

• As per industry reports, agricultural sector represented 26.9% of total Chilean exports and 8.5% of total GDP in 2022, employing around 10% of the labor force. This creates a demand for fertilisers.

The increasing demand for food due to population growth and changing dietary habits is leading to agricultural expansion in Chile. This expansion requires the use of fertilisers to enhance crop productivity and meet the growing food demand, which is propelling Chile fertiliser market growth. As per industry reports, fertiliser consumption in Chile was reported at 51.42 % in 2021, according to the World Bank collection of development indicators.

The trend towards sustainable agriculture practices, such as organic farming and agroecology, is leading to the adoption of natural and organic fertilisers in Chile. An example of this trend is the increasing use of organic fertilisers by quinoa farmers in Chile to improve soil health. Another notable trend in Chile is the rise of customised fertiliser blends for vineyards. Winemakers are working with agronomists to create tailored fertiliser mixes that address the unique nutrient needs of different grape varieties and soil types.

The use of precision agriculture technologies, such as satellite imagery and sensors, is enabling farmers to optimise fertiliser application and reduce nutrient losses, thereby promoting Chile fertiliser market development. In the fruit orchard sector, farmers are adopting precision agriculture technologies like drones for aerial imaging to assess crop health and nutrient needs accurately.

Moreover, Chile's dependence on fertiliser imports, particularly for nitrogen and phosphorus, is leading to the exploration of alternative fertiliser sources, such as recycled nutrients and bio-based fertilisers. Some farmers are experimenting with locally sourced organic fertilisers made from seaweed or guano as substitutes for imported synthetic fertilisers.

Furthermore, the implementation of stricter environmental regulations in Chile, such as limits on nitrogen runoff into water bodies, has prompted farmers to shift towards using controlled-release fertilisers. These fertilisers help reduce nutrient leaching and comply with environmental standards.

Market Segmentation

Chile Fertiliser Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Chemical Fertiliser

• Biofertiliser

Market Breakup by Product Type

• Nitrogenous Fertilisers
  • Urea
  • Ammonium Nitrate
  • Ammonium Sulphate
  • Anhydrous Ammonia 
  • Others
• Phosphatic Fertilisers  
  • Monoammonium Phosphate (MAP) 
  • Diammonium Phosphate (DAP) 
  • Others
• Potash Fertilisers
  • Muriate of Potash (MOP) 
  • Others
• Complex Fertilisers

• Others

Market Breakup by Form

• Dry

• Liquid

Market Breakup by Crop Type

• Field Crops

• Horticultural Crops

• Turfs and Ornamentals

Market Breakup by Application Mode

• Fertigation

• Foliar

• Soil

Competitive Landscape

Market players are emphasising the development of innovative fertilisers that offer improved performance, such as enhanced nutrient release and controlled delivery, to meet the specific needs of crops and soil in Chile.

• Nutrien Ltd.

• Icl Group Ltd.

• Haifa Negev technologies LTD.

• Mitsui & Co., Ltd.  (Anagra SA)

• Yara International ASA

• Quimetal Industrial S.A

• SQM S.A.

• Grupa Azoty S.A. (COMPO EXPERT GmbH)

• Fiordo Austral (Aminochem)

• Others

Key Highlights of the Report