Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica - 2022

Contents:

  1. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (CIF) - 2022
  2. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (FOB) - 2022
  3. Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica
  4. Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (CIF) - 2022

In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $1,919 per ton, with a decrease of -22.4% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 an increase of 187% against the previous year. The import price peaked at $2,473 per ton in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($4,103 per ton), while the price for Colombia ($717 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (FOB) - 2022

The average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $2,712 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price decreased by -45.3% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($3,727 per ton), while the average price for exports to Panama ($1,424 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica

After two years of decline, purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses increased by 138% to 105 tons in 2022. In general, imports, however, showed a sharp decline.

In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $202K in 2022. Overall, imports, however, saw a precipitous slump.

Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/AN/A1650%
Spain8.50.41.316.725.2%
Colombia16.91.61.411.6-11.8%
Mexico18.14.16.87.9-24.1%
China19324.627.8N/A-62.0%
United Kingdom44959.670.2N/A-60.5%
United States1303.80.6N/A-93.2%
Others0.20.31.0N/A123.6%
Total81594.3109202-37.2%

Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Costa Rica in 2022:

  1. Russia (82.2 tons)
  2. Colombia (16.1 tons)
  3. Spain (4.1 tons)
  4. Mexico (2.7 tons)

Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica

In 2022, approx. 600 kg of fertilizers, mineral or chemical; containing nitrates and phosphateses were exported from Costa Rica; with a decrease of -50% against the year before. Overall, exports faced a sharp downturn.

In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses contracted rapidly to $1.6K in 2022. Over the period under review, exports showed a dramatic decrease.

Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Costa Rica (USD)
COUNTRY20212022CAGR,
2021-2022
Ecuador1161,228958.6%
UkraineN/A1640%
Nicaragua1,417101-92.9%
BrazilN/A87.00%
Panama1,23747.0-96.2%
United States484N/A0%
OthersN/AN/A0%
Total3,2541,627-50.0%

Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Costa Rica in 2022:

  1. Ecuador (458.0 kg)
  2. Ukraine (44.0 kg)
  3. Brazil (33.0 kg)
  4. Panama (33.0 kg)
  5. Nicaragua (32.0 kg)

Source: IndexBox Market Intelligence Platform

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