Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (FOB) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (CIF) - 2023
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $486 per ton, jumping by 60% against the previous year. Over the period under review, export price indicated a remarkable increase from 2013 to 2022: its price increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fertilizers, mineral or chemical increased by +75.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Peru ($552 per ton) and South Africa ($497 per ton), while the average price for exports to Jordan ($387 per ton) and Mexico ($402 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+30.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (CIF) - 2023
In May 2023, the average import price for fertilizers, mineral or chemical amounted to $582 per ton, with an increase of 6.4% against the previous month. Over the last two-month period, it increased at an average monthly rate of +2.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From March 2023 to May 2023, the rate of growth in terms of prices for Germany amounted to +2.7% per month.
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China
In 2022, the amount of fertilizers, mineral or chemical exported from China soared to 22K tons, picking up by 594% on the previous year. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of fertilizers, mineral or chemical soared to $11M in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 12.1 | N/A | N/A | 3,217 | 543.0% |
| South Africa | 924 | 1,545 | 469 | 2,623 | 41.6% |
| Peru | N/A | N/A | N/A | 2,221 | 0% |
| New Zealand | N/A | N/A | N/A | 1,014 | 0% |
| Australia | 62.0 | 161 | 66.7 | 625 | 116.0% |
| Indonesia | N/A | N/A | N/A | 245 | 0% |
| Mexico | N/A | N/A | N/A | 161 | 0% |
| Jordan | N/A | 69.4 | 89.6 | 114 | 28.2% |
| Mozambique | N/A | 61.5 | 189 | N/A | 207.3% |
| Others | 218 | 113 | 134 | 334 | 15.3% |
| Total | 1,217 | 1,949 | 948 | 10,554 | 105.5% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from China in 2022:
- Chile (6.9K tons)
- South Africa (5.3K tons)
- Peru (4.0K tons)
- New Zealand (2.1K tons)
- Australia (1.5K tons)
- Indonesia (0.5K tons)
- Mexico (0.4K tons)
- Jordan (0.3K tons)
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China
For the third year in a row, China recorded decline in overseas purchases of fertilizers, mineral or chemical, which decreased by -54.3% to 2.3K tons in 2022. Over the period under review, imports recorded a precipitous contraction. The smallest decline of -0.8% was in 2021.
In value terms, imports of fertilizers, mineral or chemical shrank sharply to $1.1M in 2022. In general, imports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 5.5%.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2.2 | 1.3 | 1.5 | 1.1 | -20.6% |
| Belgium | N/A | 0.1 | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 2.2 | 1.5 | 1.5 | 1.1 | -20.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to China in 2022:
- Germany (2.3K tons)
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