Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia (CIF) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $351 per ton, waning by -6% against the previous year. In general, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $615 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($368 per ton), while the price for the United Arab Emirates amounted to $270 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia
In 2022, imports of fertilizers; mineral or chemical, nitrogenoi into Ethiopia surged to 1.5M tons, increasing by 145% on the previous year's figure. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $523M in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 23.9 | 40.9 | 48.7 | 433 | 162.6% |
| United Arab Emirates | 11.2 | 26.8 | 18.6 | 80.3 | 92.8% |
| Oman | 24.7 | N/A | N/A | N/A | 0% |
| Libya | 29.3 | 21.8 | 28.3 | N/A | -1.7% |
| Saudi Arabia | 35.7 | 9.8 | 20.9 | N/A | -23.5% |
| Ukraine | 110 | 81.7 | 106 | N/A | -1.8% |
| Others | 6.1 | 5.4 | 4.5 | 8.9 | 13.4% |
| Total | 241 | 186 | 227 | 523 | 29.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Ethiopia in 2022:
- Egypt (1177.5K tons)
- United Arab Emirates (297.9K tons)
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