The FAO's November 2025 Food Outlook report indicates that global fertilizer consumption reached an estimated 200 million tons in 2024, a 6% increase from the previous year. While this volume remains slightly below the record high of 230 million tons set in 2020, nitrogen usage hit a new peak at 115 million tons. Overseas buyers should note that fertilizer demand is closely tied to price levels; although consumption partially recovered in 2024 due to lower prices, this trend is expected to reverse with rising costs by mid-2025.
Source: Read the original report | Published: November 18, 2025