Special Fertilizers show growth in 2023, according to Abisolo

The entity launched today the tenth edition of the Brazilian Yearbook of Technology in Plant Nutrition, a publication that provides information about the sector

22.05.2024 | 15:54 (UTC -3)
Cultivar Magazine

The special fertilizers market in Brazil registered a new period of expansion in 2023, maintaining its upward trajectory, albeit at a more moderate pace compared to previous years. With an average increase of 2%, the sector's revenue reached the significant mark of R$ 22,642 billion, as revealed in the tenth edition of the Brazilian Yearbook of Technology in Plant Nutrition, a publication launched today by the Brazilian Association of Technology in Plant Nutrition (Abisolo) .

Clorialdo Roberto Levrero, president of the entity's deliberative council, highlighted that the purchase decision by producers was postponed until 2023 as long as possible, which affected the logistics of delivering inputs. Furthermore, weather conditions, especially volatile in tropical regions, were influenced by the highly intense "El Niño" phenomenon, reducing the soybean planting window and impacting the subsequent corn harvest.

Levrero highlighted the importance of investments in research, development and innovation, which in the last nine years represented, on average, around 2,8% of the sector's revenue. This continuous investment has been crucial for the sector’s evolution and adaptation to new market demands and challenges.

The Abisolo Yearbook highlighted some significant trends in the special fertilizers market. The Organomineral Fertilizers and Organic Fertilizers segments recorded a contraction of 20,7% and 7,2%, respectively. On the other hand, the Biofertilizers and Special Mineral Fertilizers categories recorded growth, with increases of 5,6% and 8,3%, respectively, indicating a greater adoption of products considered "premium".

The performance of products by application mode also showed variations. Fertilizers intended for application via seeds and via leaves stood out with growth of 8,47% and 8,70%, respectively. However, products for application via soil and via fertigation/hydroponics had revenue drops of 1,79% and 41,3%, respectively.

In terms of geographic distribution, Minas Gerais remains the largest consumer of special fertilizers, with a share of 19,3%, although it registered a slight reduction compared to 2022. Other states, such as Mato Grosso, Mato Grosso do Sul, Espírito Santo, Maranhão, Santa Catarina and Piauí had their participation increased. São Paulo, Bahia and Rio Grande do Sul maintained their shares stable in relation to the previous year.

The organic-based soil conditioners market showed a negative performance in 2023, with revenue of R$139,7 million, representing a reduction of 20,2% compared to the previous year. Solid conditioners were the most impacted in this segment.

On the other hand, the plant substrates market had revenues of R$390 million in 2023, with a 7,9% growth in revenue compared to 2022, demonstrating a positive and growing trend.

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