Water Soluble Fertilizers (WSF) Price Trend

Water Soluble Fertilizers (WSF) Prices December 2023

The price of water soluble fertilizers (WSF) in the United States for Q4 2023 reached 801 USD/MT in December. Movement in the feedstock Styrene prices was one of the key factors that applied significant pressure on the pricing. This impacted water-soluble fertilizer prices as feedstock costs were reduced while demand increased. Moreover, a lack of Water-Soluble Fertilizers product supply in the market created an undersupply situation, and low inventory management emerged as a challenge contributing to the existence of a bullish outlook.

The price trend for water soluble fertilizers (WSF) in China in Q4, reached 996 USD/MT in December 2023. The market faced the challenge of undersupply in water-soluble fertilizers supply and poor inventory control of low stocks eventually creating a bullish market. Lastly, increased requirements from the downstream markets, which shifted from purchasing bulk quantities and preferring to order product stock in smaller lots supported the market.

In Germany, water soluble fertilizers (WSF) prices reached 602 USD/MT in fourth quarter of 2023. The strength in feedstock prices was instrumental in determining the pricing trend. The increased Feedstock costs placed upward pressure on the water-soluble prices. Managing the reduced availability of Water-Soluble Fertilizers in the market created undersupply situations and managing low stock posed challenges, which supported a higher market sentiment. Also, downstream industries, requiring timely supplies rather than purchasing large quantities of the product, provided steady demand for the market. It also reflected increased buying interest from the Automotive and construction industries together with lower product stocks.

Water Soluble Fertilizers (WSF) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Water Soluble Fertilizers (WSF) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of water-soluble fertilizers (WSF) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing water soluble fertilizers (WSF) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Water Soluble Fertilizers (WSF) Market Analysis

The global water soluble fertilizers (WSF) market size reached US$ 18.3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 28.8 Billion, at a projected CAGR of 5.20% during 2023-2032.

• Government regulations, which demand the utilization of water-soluble fertilizers to minimize harm to the environment are some of the main factors. As per the reports stated by the United States Department of Agriculture (USDA), the use of such fertilizers rose by 15% in 2021 because of the regulation to reduce nutrient leaching and groundwater pollution. This change is part of the general trend toward sustainable agriculture due to water and ecosystem quality deterioration. Governments seek to offset the impact of traditional fertilizers on water bodies and inhabitants by adopting water-soluble fertilizers as part of environmentally sustainable farming practices. In addition, the use of water-soluble fertilizers correlates with the goals set in international treaties, such as the Paris Agreement and the Sustainable Development Goals, stressing the necessity of an environmentally friendly approach to agriculture.
• The fertilizer market is witnessing phenomenal growth owing to technological innovations in manufacturing processes. The United States Department of Agriculture (USDA) further noted a 20% increase in the use of water-soluble fertilizers (WSF) in 2021 due to innovations that improve nutrient uptake and returns. These advancements entail precision application methods, controlled release formulations as well as improved nutrient bioavailability that boost the efficiency of agriculture as well as go a long way in fixing the hitches. Combined with nutrient uptake by plants, these technologies help increase yields and reduce pollutant nutrient losses and soil erosion. This encouraged a higher uptake of WSF as more farmers embraced sustainable agriculture to improve production. Furthermore, the use of technologies and data analytics in fertilizer management increases the efficiency of nutrients in farmers’ fields, thereby improving yields and sustainability.
• Rising consciousness among farmers about the appropriateness of WSF has become the primary force, which is revolutionizing agronomy and propelling the demand. From this perspective, WSF’s capability of helping crops assimilate essential nutrients in appropriate proportions is helping improve the quality and quantity of the produce. This trend can be attributed to the ongoing changes in the agricultural sector which is leaning towards more effective and sustainable methods of production. Widespread acceptance of WSF by farmers is becoming a norm to not only gain the maximum yield but also manage the adverse effects on the environment and resources. Thus, further growth of awareness and clearer understanding of the value of WSF will only serve to accelerate the expansion of the market of water-soluble fertilizers, and push the industry toward the development of more sustainable forms of agriculture.

Water Soluble Fertilizers (WSF) News

The report covers the latest developments, updates, and trends impacting the global water soluble fertilizers (WSF) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in water soluble fertilizers (WSF) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the water-soluble fertilizers (WSF) industry:

• In May 2024: Rallis India Limited, a Tata enterprise and a leading player in the Indian Agri inputs industry, announces the establishment of an automated 8000 metric ton (MT) water-soluble fertilizer (WSF) plant in Akola, Maharashtra. This strategic initiative underscores Rallis' commitment to innovation, enhancing farm productivity and advancing sustainable agriculture practices.
• In June 2023:, ICL, a leading global specialty minerals company, announced the North American launch of a new line of advanced foliar and fertigation solutions under their Nova brand of water-soluble fertilizers. Flagship products include Nova FINISH, Nova PULSE, Nova ELEVATE, and Nova FLOW.

Product Description

Water-soluble fertilizers (WSF) refer to a category of fertilizers that dissolve readily in water to form an aqueous solution that can be used to feed plants through a process called injection or spraying. Fertilizers comprise the basic nutrients including nitrogen, phosphorus, and potassium as well as some minor nutrients necessary for the overall growth of the plants. WSF offers the following benefits over garden-style granulated fertilizers: rapid uptake of the fertilizers by the plants, utilization efficiency of the nutrients, and minimizing loss of the nutrients via leaching or run-off. These are indispensable in horticultural and greenhouse production and hydroponic methods of farming because the nutrient concentration affects the growth of the plants tremendously. These WSF formulations may be in a way to suit specific nutrient needs of different crops and the WSF agents can easily adjust to the various farming practices and weather conditions across the globe. Thus, WSF applications find extensive applications in most modern-day farming practices since they offer an efficient way of providing crops with necessary nutrients and improve their production rates and qualities as well as reducing the effects we have on the environment.

Regional Coverage

The report provides a detailed analysis of the water soluble fertilizers (WSF) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends. 

Global Water Soluble Fertilizers (WSF) Price

The report offers a holistic view of the global water soluble fertilizers (WSF) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Water Soluble Fertilizers (WSF) Price

Several factors led to the upward trend in water-soluble fertilizers prices in the European region in Q4 2023. Changes in feedstock prices influenced pricing strategies as lower feedstock costs put pressure on prices upward. Apart from this, lack of supply resulted in undersupply situations, inventory problems, and bullish market conditions. In this regard, the automotive and construction sectors strengthened the market due to immediate stock procurement demand from downstream industries. Nevertheless, limited availability was an issue because markets could not be adequately supplied, while trading was active and the prices higher.

This analysis can be extended to include detailed water soluble fertilizers (WSF) price information for a comprehensive list of countries.

North America Water Soluble Fertilizers (WSF) Price

The Q4 of 2023 saw the water-soluble fertilizers prices in the North American region fluctuating as per factors such as. Feedstock Styrene was stronger in impacting pricing trends where a decline in the costs of feedstock put upward pressure on the prices of the product. Moreover, the Guide to Writing also pointed out a shortage of supply that resulted in undersupply conditions, which supports a bullish view on inventory management. Furthermore, these factors were not sufficient to change the pricing strictly upwards or downwards in the North American water-soluble fertilizers market as the pricing trend was variable an indication of the fluidity and volatile nature of the supply chain market forces.

Specific data on water soluble fertilizers (WSF) prices within the United States and Canada can also be provided.

Middle East and Africa Water Soluble Fertilizers (WSF) Price

The report explores the water soluble fertilizers (WSF) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on water soluble fertilizers (WSF) prices for countries can also be provided.

Asia Pacific Water Soluble Fertilizers (WSF) Price

There was an increase in the price of Water-Soluble Fertilizers in the Asia Pacific region in Q4 2023 due to the following factors. Firstly, favorable cost trends in feedstock Styrene largely affected the pricing processes. High feedstock costs have the opposite effect of putting pressure on Water-Soluble fertilizer prices to go high. Moreover, supply scarcity supported undersupply situations, inventory issues, and overall positive market sentiment. Furthermore, strong demand from downstream sectors and a tendency to buy stocks rather than purchase in large quantities additionally strengthened the market. This led to increased trading activities and higher prices for water-soluble fertilizers, which is reflected in the overall increase in pricing observed in the APAC region, particularly in the automotive and construction industries.

This analysis can be further extended to include detailed water soluble fertilizers (WSF) prices for a comprehensive list of countries within the region.

Latin America Water Soluble Fertilizers (WSF) Price

The analysis of water soluble fertilizers (WSF) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of water soluble fertilizers (WSF) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting water soluble fertilizers (WSF) price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the water soluble fertilizers (WSF) industry.