Price for Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $324 per ton in December 2023, declining by -13.7% against the previous month. Overall, the import price showed a abrupt decline. The pace of growth was the most pronounced in November 2023 an increase of 65% month-to-month. The import price peaked at $621 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($530 per ton), while the price for China ($241 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (FOB) - 2023
In December 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $507 per ton, waning by -14.1% against the previous month. Over the period under review, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in November 2023 when the average export price increased by 33% month-to-month. The export price peaked at $868 per ton in January 2023; however, from February 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Honduras ($1,457 per ton), while the average price for exports to El Salvador ($460 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala
In 2022, supplies from abroad of fertilizers; mineral or chemical, nitrogenoi decreased by -8.6% to 408K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a mild downturn. The pace of growth was the most pronounced in 2020 with an increase of 7.1% against the previous year. As a result, imports reached the peak of 461K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $245M in 2022. Overall, imports, however, showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 19.0 | 30.3 | 62.4 | 163 | 104.7% |
| China | 21.7 | 25.6 | 49.7 | 50.7 | 32.7% |
| Norway | 1.6 | 2.1 | 1.1 | 9.2 | 79.2% |
| United States | 4.1 | 0.5 | 2.1 | 8.9 | 29.5% |
| Netherlands | 1.3 | 1.8 | 2.9 | 5.3 | 59.8% |
| Trinidad and Tobago | 1.4 | 1.6 | 2.1 | 3.2 | 31.7% |
| Latvia | 9.2 | 3.4 | N/A | N/A | -63.0% |
| Finland | 12.1 | 11.5 | 11.9 | N/A | -0.8% |
| Estonia | 25.8 | 24.5 | 20.2 | N/A | -11.5% |
| Honduras | 5.3 | 6.8 | 8.8 | N/A | 28.9% |
| Others | 4.0 | 4.3 | 3.0 | 4.9 | 7.0% |
| Total | 106 | 112 | 164 | 245 | 32.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Guatemala in 2022:
- Russia (213.1K tons)
- China (122.4K tons)
- Norway (22.0K tons)
- United States (20.6K tons)
- Netherlands (11.9K tons)
- Trinidad and Tobago (7.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala
In 2022, approx. 21K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Guatemala; growing by 51% against 2021 figures. Over the period under review, exports, however, saw a slight descent.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $11M in 2022. Overall, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Guatemala (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 3.1 | 3.2 | 1.7 | 4.1 | 9.8% |
| Belize | 2.3 | 1.6 | 2.8 | 2.5 | 2.8% |
| Nicaragua | N/A | 0.4 | 0.3 | 1.6 | 100.0% |
| Costa Rica | 0.1 | N/A | 0.5 | 1.0 | 115.4% |
| Honduras | 0.7 | 0.8 | 0.7 | 0.9 | 8.7% |
| Panama | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Others | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Total | 6.4 | 6.2 | 6.3 | 10.8 | 19.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Guatemala in 2022:
- El Salvador (13.3K tons)
- Belize (2.9K tons)
- Nicaragua (1.6K tons)
- Costa Rica (1.4K tons)
- Honduras (1.0K tons)
- Panama (0.6K tons)
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