Nutrien’s Revenue Breakdown by Segment (2016-2023)

This statistic highlights Nutrien’s Revenue Breakdown by Segment, split between Phosphate, Ag Solutions (Retail), Nitrogen, and Potash, reported quarterly from Q1 2016 onwards.

Nutrien’s Revenue Breakdown by Segment

(All the figures are in USD, except percentage)

Nutrien, a global agricultural industry leader, is critical in supplying key nutrients and solutions to farmers throughout the world. We obtain significant insights into Nutrien’s performance and the dynamics of its numerous business divisions by studying sales data across different segments during the first quarter of 2022, the fourth quarter of 2022, and the first quarter of 2023.

Phosphate

According to the statistics, Nutrien encountered difficulties in the Phosphate segment over the examined periods. Revenue began at 563,000,000.0 in 2022 Q1, and by 2022 Q4, it had dropped to 429,000,000.0, a 23.81% reduction. While 2023 Q1 GDP increased slightly to 446,000,000.0, year-on-year growth remained negative at -20.78%. This segment’s fall might be ascribed to a variety of causes, including market volatility, pricing pressures, and worldwide economic conditions.

Ag Solutions (Retail)

During the studied periods, Nutrien’s Ag Solutions (Retail) sector performed inconsistently. The revenue began at 3,861,000,000.0 in the first quarter of 2022 and climbed significantly to 4,087,000,000.0 in the fourth quarter, showing a 5.85% rise. However, in the first quarter of 2023, the figure fell to 3,422,000,000.0, representing a -11.37% year-on-year decrease. Changes in demand for agricultural products and services, as well as weather-related variables impacting farming operations, might explain swings in income in this area.

Nitrogen

During the observed periods, the Nitrogen segment also faced difficulty. The revenue began at 1,836,000,000.0 in 2022 Q1 and declined to 1,541,000,000.0 by 2022 Q4, a 15.97% reduction. The first quarter of 2023 showed a further decrease to 1,418,000,000.0, representing a -22.77% year-on-year increase. The drop in revenue in this area might be ascribed to reasons such as changes in fertilizer demand, production costs, and worldwide market dynamics.

Potash

During the examined periods, the Potash business had substantial problems, with sales continually falling. Revenue began at 1,850,000,000.0 in 2022 Q1, and by 2022 Q4, it had dropped to 1,377,000,000.0, a 25.54% reduction. The first quarter of 2023 saw a further decrease to 1,002,000,000.0, representing a -45.84% year-on-year increase. Lower potash prices, less demand, and increasing competition might all be contributing causes to this segment’s revenue drop.

About the Company

Nutrien is a multinational agricultural firm that is a key participant in the sector. Nutrien, headquartered in Canada, works across the agriculture value chain, supplying key crop nutrients, agricultural solutions, and services to farmers worldwide. Nutrien, with a comprehensive product range that includes potash, nitrogen, and phosphate fertilizers, plays an important role in promoting sustainable agriculture and food production. The company’s focus on innovation, technology, and sustainability demonstrates its commitment to tackling global issues such as food security and environmental stewardship. Nutrien continues to harness its experience and resources as a trusted partner to farmers in order to impact the future of agriculture and contribute to a more sustainable planet.

Did you like Nutrien’s Revenue Breakdown by Segment statistic?

Access more such KPI data points and segment financials on thousands of US stocks, with Business Quant.

You can get started here.