Price for Fertilizers; Mineral or Chemical, Nitrogenous in China - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in China (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in China (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in China
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in China
Price for Fertilizers; Mineral or Chemical, Nitrogenous in China (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $193 per ton in June 2023, reducing by -4.4% against the previous month. Overall, the export price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 4.4% month-to-month. Over the period under review, the average export prices hit record highs at $342 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($300 per ton), while the average price for exports to Malaysia ($147 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in China (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $774 per ton, growing by 45% against the previous year. Overall, the import price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($2,212 per ton), while the price for Uzbekistan ($314 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in China
In 2022, after three years of growth, there was significant decline in shipments abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -7.1% to 15M tons. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 16%.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $5.3B in 2022. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 255 | 306 | 769 | 1,207 | 67.9% |
| India | 692 | 806 | 1,241 | 639 | -2.6% |
| Vietnam | 106 | 128 | 317 | 333 | 46.5% |
| South Korea | 156 | 152 | 255 | 323 | 27.5% |
| Turkey | 56.2 | 19.2 | 91.4 | 315 | 77.6% |
| Malaysia | 54.7 | 61.5 | 159 | 258 | 67.7% |
| Pakistan | 20.6 | 18.4 | 15.6 | 219 | 119.9% |
| Philippines | 64.1 | 62.4 | 105 | 191 | 43.9% |
| Indonesia | 123 | 138 | 257 | 176 | 12.7% |
| Thailand | 15.1 | 47.0 | 105 | 145 | 112.6% |
| South Africa | 26.9 | 36.7 | 67.1 | 139 | 72.9% |
| Mexico | 89.7 | 118 | 173 | 84.3 | -2.0% |
| El Salvador | 11.1 | 15.3 | 17.7 | 44.8 | 59.2% |
| Others | 766 | 701 | 876 | 1,241 | 17.4% |
| Total | 2,436 | 2,610 | 4,449 | 5,317 | 29.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from China in 2022:
- Brazil (3.6M tons)
- Pakistan (1.2M tons)
- India (1.2M tons)
- Vietnam (1.1M tons)
- Turkey (1.0M tons)
- Malaysia (0.8M tons)
- Indonesia (0.6M tons)
- Philippines (0.6M tons)
- South Korea (0.5M tons)
- South Africa (0.4M tons)
- Thailand (0.4M tons)
- El Salvador (0.3M tons)
- Mexico (0.3M tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in China
In 2022, fertilizers; mineral or chemical, nitrogenous imports into China fell remarkably to 70K tons, reducing by -20.5% on 2021. Over the period under review, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 172%.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $54M in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 171%.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 2.6 | 3.5 | 2.7 | 14.9 | 79.0% |
| Germany | 4.7 | 4.3 | 4.1 | 11.9 | 36.3% |
| Italy | 6.3 | 2.2 | 1.7 | 7.1 | 4.1% |
| United Kingdom | 1.2 | 0.7 | 0.7 | 3.1 | 37.2% |
| Poland | 0.9 | 0.9 | 1.0 | 2.6 | 42.4% |
| Spain | 0.5 | 0.6 | 0.3 | 2.1 | 61.3% |
| Japan | 0.4 | 0.5 | 1.2 | 1.9 | 68.1% |
| Netherlands | 1.1 | 1.2 | 0.5 | 1.5 | 10.9% |
| Czech Republic | 0.4 | 0.5 | 0.6 | 1.3 | 48.1% |
| Uzbekistan | N/A | N/A | 1.4 | 1.3 | -7.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | N/A | 1.1 | 122.4% |
| India | N/A | N/A | 0.2 | 1.1 | 450.0% |
| Oman | 19.3 | 0.7 | 11.1 | N/A | -24.2% |
| Others | 28.2 | 2.2 | 21.3 | 4.4 | -46.2% |
| Total | 65.6 | 17.3 | 47.0 | 54.3 | -6.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to China in 2022:
- Norway (33.8K tons)
- Germany (11.3K tons)
- Uzbekistan (4.0K tons)
- Poland (3.8K tons)
- Italy (3.2K tons)
- United Kingdom (2.1K tons)
- Netherlands (1.8K tons)
- Japan (1.8K tons)
- Czech Republic (1.7K tons)
- India (1.4K tons)
- Taiwan (Chinese) (1.1K tons)
- Spain (1.1K tons)
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