Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
EUR 5.6 billion is the approximate size of Spain’s agricultural inputs market at farm-gate prices, especially exposed to volatility from the closure of Hormuz.
45% of sulfur, an essential raw material for phosphate fertilizers, passes through the Strait of Hormuz.
One third of global urea exports pass through the Strait of Hormuz, a key corridor for global fertilizer trade.
30% was the decline in global fertilizer trade by volume during the first four months of 2026 due to the war in the Middle East, the closure of the Strait of Hormuz, and export restrictions.
1.3% of global early-stage venture-capital funding was attracted by agricultural technology companies in 2024.
4% of global GDP is roughly accounted for by agriculture, above the 1.3% share of global early-stage venture-capital funding attracted by agtech companies in 2024.
The price of basic foodstuffs increased by 6.1% after two months of blockade in Hormuz (INFOBAE, 2026).
The price of urea in the United States increased by 34% before the planting season (Agrolatam, 2026).
Prices for nitrogen fertilizers in the US market have risen by more than 30% in recent weeks (Agrolatam, 2026).
Natural gas prices, the main input for fertilizers, increased by up to 50%, driving up the cost of the sector (Agrolatam, 2026).
