Delivering Value through Organic and Tuck-in Growth
Constructive Potash Market Outlook
Potential to shift production higher in a strong demand environment to maintain market balance
Global Potash Utilization of Operational Capability (excludes NTR)1
Percentage
30
N 30
100%
95%
90%
High Demand and/or Supply Disruption
Low Demand/Supply Surprise
85%
2015
2016
2017
2018
2019
2020
2021E
2022F 2023F
2024F 2025F
Note: Calculated excluding recently closed mines from operational capability.
1.
Forecast range represents Nutrien's ability to utilize existing and available operational capability. Periods 2020 to 2025 are Nutrien's projections.
Global Potash
Utilization Sensitivity
Deploying +1 Mmt of Nutrien's
available capability is
estimated to impact global
potash utilization by ~1.5%
Range of global utilization depending
on Nutrien's strategic marketing
decisions; assumes market share
range of 18% to 22%
March 2022
Source: CRU, Fertecon, Industry Publications, NutrienView entire presentation