Data or statistical facts on the situation and perspectives of agri-food systems and the impact of policies
43.55% of fertilizers, soil amendments and conditioners registered a price increase in June 2026 compared to the previous month in Colombia. (National Directorate of Statistics of Colombia, 2026).
Latin America and the Caribbean is currently the region where the use of bio-inputs is growing the fastest in the world, with an estimated annual expansion of over 10%. (Food and Agriculture Organization, 2026)
The World Bank Group’s fertilizer index is projected to increase by 31% (y/y) in 2026. (Banco Mundial, 2026).
74.67% was the increase in the price of urea, rising from 415.4 to 725.6 dollars per ton between the start of 2026 and March 31.
Gulf countries account for 13% of global nitrogen exports and 9% of phosphate nutrients; the Hormuz closure disrupts this critical chain for producing fertilizers such as urea and ammonia (UNCTAD, 2026).
Since February 28, 2026, only 5 fertilizer vessels have exited the Persian Gulf; the Gulf accounts for ~25% of global nitrogen fertilizer exports, generating a buildup of inventory with no clear exit, pushing global prices upward (Darragh & Bhanu, Kpler, 2026).
It is estimated that the prolonged closure of the Strait of Hormuz will have an impact on inflation of 0.4 percentage points due to increased costs of freight, fertilizers, petrochemicals, among others. (Central Reserve Bank of Peru, 2026).
Precision agriculture, through GPS-enabled application technology, soil moisture measurement, and analytics tools, helps better target nitrogen applications, reduce waste, and improve nitrogen use efficiency.
USD 14,902.41 million is the projected size of the U.S. nitrogenous fertilizer market by 2035, up from USD 11,761.90 million in 2025, with a 2.39% CAGR from 2026 to 2035.
2025 was the year in which urea dominated the U.S. nitrogenous fertilizer market as the product segment with the largest share.
