Price for Fertilizers; Mineral or Chemical, Phosphatic in Libya - 2022

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Libya (CIF) - 2022
2. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Libya

Price for Fertilizers; Mineral or Chemical, Phosphatic in Libya (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $607 per ton, reducing by -5.5% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic import price increased by +51.8% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55% against the previous year. The import price peaked at $810 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tunisia ($645 per ton), while the price for Egypt amounted to $573 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Libya

In 2022, purchases abroad of fertilizers; mineral or chemical, phosphatics decreased by -29.5% to 326 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 144%. As a result, imports reached the peak of 462 tons, and then dropped significantly in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic imports reduced notably to $198K in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 201% against the previous year. As a result, imports reached the peak of $297K, and then dropped dramatically in the following year.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Libya in 2022:

1. Egypt (170.6 tons)
2. Tunisia (155.0 tons)

Source: IndexBox Market Intelligence Platform