Pakistan’s fertilizer sector recorded a sharp recovery in September 2026, with urea offtakes rising 38 percent year-on-year to 590k tons, according to AHL Research. The rebound followed monsoon-related disruptions and transporter strikes in earlier months, while improved farm economics also supported demand.

FATIMA and EFERT led the recovery, with urea offtakes rising 101 percent and 92 percent YoY to 100k tons and 200k tons, respectively. EFERT’s higher inventory availability lifted its market share to 33.9 percent in September from 24.3 percent last year. FFC’s urea offtakes increased 10 percent YoY to 260k tons, while AGL’s declined 22 percent YoY to 30k tons. On a cumulative basis, 9MCY26 urea offtakes rose 4 percent YoY to 4,383k tons, with FFC up 10 percent to 2,159k tons, FATIMA up 8 percent to 769k tons, while EFERT declined 4 percent to 1,230k tons.

In contrast, DAP offtakes fell 33 percent YoY to 66k tons in September, as elevated international prices continued to weigh on demand. Farmers shifted toward nitrogenous fertilizers, reflected in a 43.1 percent YoY surge in CAN offtakes to 63k tons, while NP declined 4.9 percent YoY to 31k tons. FFC posted the largest decline in DAP offtakes, down 45 percent YoY to 34k tons, while EFERT surged 351 percent YoY to 15k tons on a low base, and FATIMA rose 178 percent YoY to 2k tons. Cumulatively, DAP offtakes declined 3 percent YoY to 773k tons in 9MCY26.

In September, FFC led urea market share at 44 percent, followed by EFERT at 34 percent and FATIMA at 17 percent. In DAP, FFC held 72 percent, followed by EFERT at 23 percent. For 9MCY26, FFC and FFBL strengthened their urea market share to 49.3 percent from 46.5 percent last year; FATIMA rose to 17.6 percent, while EFERT’s share declined to 28.1 percent from 30.4 percent.