Price for Fertilizers; Mineral or Chemical, Phosphatic in Mexico - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Mexico (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Mexico (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Mexico
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Mexico
Price for Fertilizers; Mineral or Chemical, Phosphatic in Mexico (CIF) - 2022
In May 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $2,529 per ton, remaining stable against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked in May 2022.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From July 2021 to May 2022, the rate of growth in terms of prices for the United States amounted to +0.3% per month.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Mexico (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $361 per ton, dropping by -16.8% against the previous year. Over the period under review, the export price saw a slight shrinkage. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. The export price peaked at $439 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($546 per ton), while the average price for exports to the United States ($144 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 Paraguay (+7.2%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Mexico
In 2022, the amount of fertilizers; mineral or chemical, phosphatics imported into Mexico surged to 2.1K tons, growing by 132% compared with 2021. In general, imports enjoyed buoyant growth.
In value terms, fertilizers; mineral or chemical, phosphatic imports soared to $1.7M in 2022. Over the period under review, imports saw moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,337 | 2,353 | 438 | 1,011 | -8.9% |
| Spain | 19.0 | 151 | 245 | 345 | 162.8% |
| China | 5.7 | 10.0 | 12.6 | 267 | 260.5% |
| Germany | 34.6 | 22.6 | 17.4 | 24.6 | -10.7% |
| Israel | 20.5 | 18.6 | 7.3 | 8.8 | -24.6% |
| Others | 55.3 | 51.6 | 275 | 17.2 | -32.2% |
| Total | 1,472 | 2,607 | 996 | 1,674 | 4.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Mexico in 2022:
- China (938.6 tons)
- United States (827.8 tons)
- Spain (198.3 tons)
- Israel (91.9 tons)
- Germany (22.9 tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Mexico
In 2022, shipments abroad of fertilizers; mineral or chemical, phosphatics increased by 12% to 83K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a abrupt contraction.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined to $30M in 2022. In general, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 17%.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 4.1 | 7.3 | 10.7 | 8.6 | 28.0% |
| Brazil | 11.8 | 0.9 | 4.7 | 3.8 | -31.5% |
| Paraguay | 4.2 | 2.0 | 0.8 | 3.7 | -4.1% |
| Chile | 8.9 | 5.5 | 4.2 | 3.2 | -28.9% |
| Dominican Republic | 2.2 | 2.6 | 2.6 | 2.5 | 4.4% |
| Guyana | 1.4 | 1.5 | 1.9 | 1.5 | 2.3% |
| Peru | 0.4 | 1.5 | 1.3 | 1.0 | 35.7% |
| Others | 5.8 | 6.4 | 6.3 | 5.8 | 0.0% |
| Total | 38.8 | 27.8 | 32.4 | 30.1 | -8.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Mexico in 2022:
- Argentina (23.9K tons)
- Brazil (17.7K tons)
- Chile (13.9K tons)
- Dominican Republic (8.5K tons)
- Paraguay (7.5K tons)
- Peru (4.5K tons)
- Guyana (2.8K tons)
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This report provides an in-depth analysis of the phosphatic fertilizer market in Mexico.
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This report provides an in-depth analysis of the global phosphatic fertilizer market.
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This report provides an in-depth analysis of the phosphatic fertilizer market in Mexico.
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This report provides an in-depth analysis of the global phosphatic fertilizer market.
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
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Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
