Global Demand

The long-term outlook for fertilizer consumption is very strong. According to the International Fertilizer Association (IFA) in their June 2011, Fertilizer Outlook 2011-2015:

  • The global fertilizer consumption started a recovery in from 2009-2010, increasing by 5.4%
  • Strong economic growth in emerging economies lead to an increase in the consumption of meat and dairy
     
  • High crude oil prices are said to provide incentives for the production of Bio-fuels
     
  • High agricultural commodity prices lead to the drive for farmers to increase crop productivity
     
  • Potassium (K) demand in China, Indonesia and Malaysia is projected to sharply increase
     
  • The forecasted global fertilizer consumption  for 2010-2011 is said to increase by 5%
                       In particular, Potassium (K) demand is said to increase by 15%
  • The forecast for global fertilizer demand in 2011-2012 is an increase of 2.5%
                       In particular, Potassium (K) demand is said to increase by 5.5%