Price for Fertilizers; Mineral or Chemical, Nitrogenous in Peru - 2021

Contents:

  1. Price for Fertilizers; Mineral or Chemical, Nitrogenous in Peru (CIF) - 2021
  2. Price for Fertilizers; Mineral or Chemical, Nitrogenous in Peru (FOB) - 2021
  3. Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Peru
  4. Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Peru

Price for Fertilizers; Mineral or Chemical, Nitrogenous in Peru (CIF) - 2021

In April 2020, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $255 per ton, rising by 15% against the previous month. Over the period from January 2020 to April 2020, it increased at an average monthly rate of +1.5%. Over the period under review, average import prices reached the maximum at $261 per ton in February 2020; however, from March 2020 to April 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the United States ($1,122 per ton), while the price for China ($133 per ton) was amongst the lowest.

From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Colombia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers; Mineral or Chemical, Nitrogenous in Peru (FOB) - 2021

In April 2020, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $380 per ton, reducing by -2.9% against the previous month. In general, the export price showed a abrupt setback. The growth pace was the most rapid in March 2020 an increase of 2.3% m-o-m. Over the period under review, the average export prices attained the peak figure at $545 per ton in January 2020; however, from February 2020 to April 2020, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bolivia.

From January 2020 to April 2020, the rate of growth in terms of prices for Free Zones amounted to 0.0% per month.

Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Peru

In 2022, fertilizers; mineral or chemical, nitrogenous imports into Peru contracted to 795K tons, which is down by -5.1% against the year before. Overall, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.

In value terms, fertilizers; mineral or chemical, nitrogenous imports reduced notably to $192M in 2022. In general, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $236M, and then declined sharply in the following year.

Import of Fertilizers; Mineral or Chemical, Nitrogenous in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia11686.31481221.7%
China15.016.937.130.626.8%
Chile19.914.023.419.3-1.0%
United States12.18.911.79.7-7.1%
Finland0.75.14.43.672.6%
Others19.817.311.46.8-30.0%
Total1831492361921.6%

Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Peru in 2022:

  1. Russia (452.5K tons)
  2. China (149.4K tons)
  3. United States (77.7K tons)
  4. Chile (65.7K tons)
  5. Finland (21.0K tons)

Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Peru

After three years of growth, shipments abroad of fertilizers; mineral or chemical, nitrogenoi decreased by -1.8% to 20K tons in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 135%.

In value terms, fertilizers; mineral or chemical, nitrogenous exports shrank dramatically to $8.7M in 2022. Overall, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 122%.

Export of Fertilizers; Mineral or Chemical, Nitrogenous in Peru (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Bolivia2.56.910.08.449.8%
Ecuador0.8N/A0.20.3-27.9%
OthersN/A0.30.1N/A-66.7%
Total3.27.210.38.739.6%

Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Peru in 2022:

  1. Bolivia (19.3K tons)
  2. Ecuador (0.8K tons)

Source: IndexBox Market Intelligence Platform

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