Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico (CIF) - 2023
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico (CIF) - 2023
In November 2023, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $340 per ton, remaining stable against the previous month. In general, the import price saw a abrupt downturn. As a result, import price attained the peak level of $3,012 per ton. From December 2022 to November 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From November 2022 to November 2023, the rate of growth in terms of prices for Russia amounted to -3.5% per month.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico
In 2022, overseas purchases of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -93.1% to 14K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports faced a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, imports attained the peak of 195K tons, and then shrank dramatically in the following year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses dropped sharply to $6.9M in 2022. Overall, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. As a result, imports attained the peak of $73M, and then shrank dramatically in the following year.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 46.7 | 51.3 | 72.9 | 6.8 | -47.4% |
| Others | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Total | 46.9 | 51.6 | 73.0 | 6.9 | -47.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Mexico in 2022:
- Russia (13.5K tons)
402
This report provides an in-depth analysis of the mixed fertilizer market in Mexico.
377
This report provides an in-depth analysis of the monoammonium phosphate market in Mexico.
557
This report provides an in-depth analysis of the npk fertilizer market in Mexico.
410
This report provides an in-depth analysis of the diammonium phosphate market in Mexico.
1253
This report provides an in-depth analysis of the fertilizer market in Mexico.
368
This report provides an in-depth analysis of the global mixed fertilizer market.
1979
This report provides an in-depth analysis of the global monoammonium phosphate market.
3422
This report provides an in-depth analysis of the global npk fertilizer market.
884
This report provides an in-depth analysis of the global diammonium phosphate market.
3214
This report provides an in-depth analysis of the global fertilizer market.
666
In July 2022, the npk fertilizer price per ton stood at $650.1 (CIF, Mexico), which is down by -36% against the previous month.
184
In December 2022, the diammonium phosphate price amounted to $724 per ton (CIF, Mexico), dropping by -66.5% against the previous month.
195
Discover the world's best import markets for mixed fertilizer and their key statistics. Gain insights into the demand and importance of fertilizers in global agriculture.
233
Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
461
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
694
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
325
Explore the top import markets for diammonium phosphate based on data from the IndexBox market intelligence platform. Discover the key statistics and numbers for countries like India, Bangladesh, Pakistan, Japan, and more.
375
Explore the top import markets for fertilizer worldwide, including Brazil, India, the United States, China, and more. Discover key statistics and import values provided by the IndexBox market intelligence platform.
485
Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
