Price for Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $456 per ton, growing by 19% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($619 per ton), while the average price for exports to Thailand ($339 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 the Philippines (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $454 per ton in March 2022, increasing by 11% against the previous month. Overall, the import price enjoyed a prominent expansion. The most prominent rate of growth was recorded in December 2021 an increase of 30% against the previous month. Over the period under review, average import prices attained the peak figure at $457 per ton in January 2022; however, from February 2022 to March 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($800 per ton), while the price for China ($283 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -7.3% to 1.9M tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 29%. As a result, the exports reached the peak of 2.5M tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reached $873M in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 154 | 209 | 97.7 | 179 | 5.1% |
| Australia | 79.9 | 33.7 | 126 | 147 | 22.5% |
| Philippines | 100 | 131 | 109 | 132 | 9.7% |
| Vietnam | 42.6 | 9.5 | 73.6 | 85.8 | 26.3% |
| Mexico | 7.6 | 66.7 | 70.4 | 82.1 | 121.1% |
| United States | 13.2 | 20.3 | 47.9 | 55.9 | 61.8% |
| Thailand | 13.0 | 14.3 | 47.0 | 54.8 | 61.5% |
| Malaysia | 20.7 | 24.4 | 34.7 | 40.5 | 25.1% |
| Others | 78.6 | 98.3 | 183 | 96.3 | 7.0% |
| Total | 510 | 608 | 789 | 873 | 19.6% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Indonesia in 2022:
- Australia (363.4K tons)
- India (290.4K tons)
- Vietnam (247.1K tons)
- Philippines (213.2K tons)
- Mexico (209.4K tons)
- Thailand (161.8K tons)
- United States (132.0K tons)
- Malaysia (115.8K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia
In 2022, fertilizers; mineral or chemical, nitrogenous imports into Indonesia soared to 2.1M tons, picking up by 69% on the previous year's figure. Overall, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $514M in 2022. Over the period under review, imports showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 103%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 135 | 117 | 266 | 444 | 48.7% |
| South Korea | 11.4 | 8.8 | 5.3 | 13.9 | 6.8% |
| Taiwan (Chinese) | 7.0 | 3.0 | 7.2 | 12.0 | 19.7% |
| Belgium | 3.1 | 3.9 | 5.9 | 9.8 | 46.8% |
| Others | 29.3 | 15.9 | 16.4 | 35.2 | 6.3% |
| Total | 186 | 148 | 301 | 514 | 40.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Indonesia in 2022:
- China (1922.2K tons)
- Taiwan (Chinese) (74.5K tons)
- Belgium (32.4K tons)
- South Korea (30.5K tons)
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