Australia’s market for animal and vegetable fertilizers is expected to grow gradually over the next decade, reaching an estimated 572,000 tons in volume and USD 452 million in value by 2035, according to analysis by IndexBox. In 2024, domestic consumption edged slightly lower to 568,000 tons, while production totaled 581,000 tons, reflecting a largely balanced domestic supply-demand dynamic and stable underlying demand from the agricultural sector.
Imports remained relatively limited at 8,300 tons, with Italy, the United States, and India serving as the main suppliers. Italy stood out as the highest-value exporter to Australia, with average import prices reaching USD 2,842 per ton, indicating a premium segment within the organic and specialty fertilizer market. Meanwhile, exports totaled 21,000 tons, driven overwhelmingly by demand from Vietnam, which accounted for 81% of total export volumes, highlighting Australia’s role as a niche exporter to Southeast Asian markets.
Despite rising export prices—up 54% in 2024—overall market expansion is expected to remain modest.
IndexBox forecasts a compound annual growth rate (CAGR) of 0.1% in volume and 0.4% in value, supported by steady domestic consumption, higher import costs, and selective export opportunities. The outlook suggests a stable but slow-growing market, where price dynamics and trade relationships will play a more significant role than volume growth in shaping future performance.
Link: https://www.indexbox.io/blog/animal-or-vegetable-fertilisers-australia-market-overview-2024-4/