Brazil Ammonia Market

Synopsis
The above chart is Brazil Ammonia Market Outlook (2018 to 2032)

Market Dynamics

brazil is one of the world’s largest and most important ammonia markets and has experienced significant growth in recent years due to increased agricultural and industrial production, which has led to increased demand for the fertilizer. this demand is expected to continue to rise as brazil’s population and economy continue to expand. brazil’s production of ammonia has surged in recent decades, and the country is now the fourth-largest producer of ammonium nitrate and liquefied ammonia in the world. this increased production is largely due to the domestic production of natural gas and other fuels, which are used as feedstock for the production of ammonia. brazil’s ammonia market also benefits from its large network of import terminals and chemical manufacturing facilities. in 2017, the brazilian market for fertilizer imports exceeded 3.5 million tons, making it one of the largest importers of fertilizer in the world. as the prices of domestically produced ammonia have increased in recent years, imports of ammonia from south america and other regions have become increasingly popular. in order to meet the increasing demand for ammonia in brazil, several new projects have been initiated in the past few years. one of these projects is a joint venture between petrominas and yara international that will produce over 1 million tons of ammonia for both domestic and export use. the plant is due to be completed in 2021 and will significantly expand brazil’s ammonia production capacity. moving forward, brazil’s ammonia market is likely to remain strong, supported by the country’s increasing population and economy. further growth of brazil’s fertilizer industry is expected, and increased imports are likely, as the country continues to grow its share of the global market.