Price for Fertilizers; Mineral or Chemical, Phosphatic in the UK - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the UK (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the UK (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in the UK
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in the UK
Price for Fertilizers; Mineral or Chemical, Phosphatic in the UK (CIF) - 2023
In June 2023, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $652 per ton, picking up by 5.4% against the previous month. Over the period under review, import price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, fertilizers; mineral or chemical, phosphatic import price increased by +31.7% against April 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 113% against the previous month. As a result, import price reached the peak level of $968 per ton. From August 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($799 per ton), while the price for the Netherlands ($179 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Israel (+3.1%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Phosphatic in the UK (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $521 per ton in 2022, declining by -5.8% against the previous year. In general, the export price, however, continues to indicate slight growth. The growth pace was the most rapid in 2020 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $553 per ton in 2021, and then fell in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($873 per ton), while the average price for exports to the Netherlands ($146 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 Finland (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in the UK
For the third year in a row, the UK recorded decline in purchases abroad of fertilizers; mineral or chemical, phosphatics, which decreased by -38.2% to 60K tons in 2022. In general, imports continue to indicate a significant contraction. The smallest decline of -15.6% was in 2020.
In value terms, fertilizers; mineral or chemical, phosphatic imports declined to $29M in 2022. Over the period under review, imports continue to indicate a abrupt decline. The smallest decline of -8.2% was in 2021.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.1 | 17.8 | 18.1 | 16.9 | -19.3% |
| Morocco | 6.9 | 7.3 | 7.2 | 5.4 | -7.8% |
| Israel | 7.8 | 8.5 | 1.7 | 4.5 | -16.8% |
| Tunisia | 1.4 | 0.5 | 1.9 | 1.4 | 0.0% |
| Egypt | 4.9 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 0.5 | 2.9 | 0.5 | -25.3% |
| Total | 54.2 | 34.6 | 31.7 | 28.8 | -19.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to the UK in 2022:
- Netherlands (36.1K tons)
- Morocco (9.7K tons)
- Israel (9.4K tons)
- Tunisia (4.1K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in the UK
In 2022, fertilizers; mineral or chemical, phosphatic exports from the UK contracted remarkably to 1.2K tons, dropping by -66.4% on the previous year's figure. In general, exports recorded a significant curtailment. The growth pace was the most rapid in 2021 when exports increased by 52% against the previous year. As a result, the exports reached the peak of 3.7K tons, and then declined markedly in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined notably to $640K in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of 117% against the previous year. As a result, the exports attained the peak of $2M, and then dropped sharply in the following year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 11.4 | 25.9 | 1,291 | 390 | 224.6% |
| Ireland | 177 | 195 | 59.7 | 42.3 | -37.9% |
| France | 134 | 125 | 102 | 35.4 | -35.8% |
| Canada | 73.2 | 94.4 | 72.3 | 23.5 | -31.5% |
| Netherlands | N/A | N/A | 77.2 | 23.3 | -69.8% |
| United States | 42.9 | 4.3 | 67.7 | 20.4 | -21.9% |
| Turkey | 94.3 | 98.0 | 14.5 | 20.2 | -40.2% |
| Finland | 54.7 | 112 | 34.0 | 19.7 | -28.9% |
| Norway | 15.2 | 17.7 | 58.3 | 17.6 | 5.0% |
| Bolivia | 75.6 | N/A | N/A | N/A | 0% |
| Argentina | 97.8 | N/A | N/A | N/A | 0% |
| Others | 83.7 | 261 | 248 | 47.6 | -17.1% |
| Total | 860 | 934 | 2,024 | 640 | -9.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from the UK in 2022:
- Poland (446.7 tons)
- France (162.6 tons)
- Netherlands (159.6 tons)
- Canada (108.7 tons)
- United States (60.0 tons)
- Ireland (56.5 tons)
- Finland (52.7 tons)
- Norway (52.7 tons)
- Turkey (35.7 tons)
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This report provides an in-depth analysis of the phosphatic fertilizer market in the UK.
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This report provides an in-depth analysis of the global phosphatic fertilizer market.
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Between January 2023 and August 2023, the import growth of Phosphatic Fertilizer remained relatively low. The value of these imports skyrocketed to $2.5M in August 2023.
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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.
