Nutrien’s revenue in 2022 was a record-breaking $27 billion, a 22% increase from 2021. This growth was driven by strong demand for the company’s fertilizer products, as well as higher prices for its potash and nitrogen products.
Nutrien is a major player in the global fertilizer market, and its revenue is closely tied to the prices of agricultural commodities. In 2022, the prices of corn, soybeans, and wheat all rose significantly, which led to increased demand for fertilizer products. Nutrien was able to capitalize on this demand and increase its revenue accordingly.