Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India (CIF) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India (CIF) - 2023
In November 2023, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $3,052 per ton, remaining stable against the previous month. Overall, the import price posted resilient growth. The most prominent rate of growth was recorded in March 2023 an increase of 3,430% m-o-m. As a result, import price reached the peak level of $17,770 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +1.9% per month.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $930 per ton, dropping by -75.3% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,762 per ton in 2021, and then fell significantly in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2015 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +67.0% per year.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India
In 2022, purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -35.7% to 119K tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt decline. The growth pace was the most rapid in 2020 when imports increased by 25%. As a result, imports attained the peak of 243K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses declined modestly to $80M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $83M, and then shrank in the following year.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 35.4 | 0% |
| Saudi Arabia | N/A | 16.4 | 32.4 | 31.9 | 39.5% |
| China | 22.4 | 0.1 | 0.1 | 12.1 | -18.6% |
| Russia | N/A | 10.9 | N/A | N/A | 0% |
| Jordan | 7.3 | N/A | 2.8 | N/A | -38.1% |
| Indonesia | 44.0 | 39.6 | 47.2 | N/A | 3.6% |
| Others | N/A | 0.1 | 0.4 | 0.8 | 182.8% |
| Total | 73.7 | 67.0 | 83.0 | 80.3 | 2.9% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to India in 2022:
- South Korea (54.2K tons)
- Saudi Arabia (44.0K tons)
- China (20.0K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in India
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses exported from India surged to 297 tons, increasing by 54,673% on the previous year's figure. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $277K in 2022. In general, exports posted 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; Containing Nitrates and Phosphates in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 263 | 0% |
| Others | N/A | N/A | 2.0 | 13.4 | 570.0% |
| Total | N/A | N/A | 2.0 | 277 | 13750.0% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from India in 2022:
- Malaysia (294.0 tons)
229
This report provides an in-depth analysis of the mixed fertilizer market in India.
474
This report provides an in-depth analysis of the monoammonium phosphate market in India.
901
This report provides an in-depth analysis of the npk fertilizer market in India.
437
This report provides an in-depth analysis of the diammonium phosphate market in India.
1173
This report provides an in-depth analysis of the fertilizer market in India.
380
This report provides an in-depth analysis of the global mixed fertilizer market.
1995
This report provides an in-depth analysis of the global monoammonium phosphate market.
3476
This report provides an in-depth analysis of the global npk fertilizer market.
898
This report provides an in-depth analysis of the global diammonium phosphate market.
3275
This report provides an in-depth analysis of the global fertilizer market.
93
During the period analyzed, imports of Diammonium Phosphate reached a high of 6.9 million tons in 2022, but declined the next year. The value of these imports dropped significantly to $3.7 billion in 2023.
224
Discover the world's best import markets for mixed fertilizer and their key statistics. Gain insights into the demand and importance of fertilizers in global agriculture.
253
Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
504
Explore the top import markets for NPK fertilizer and delve into key statistics and numbers. Brazil, India, China, Thailand, and Spain are the world's leading markets. Learn about their reliance on imported fertilizer and the role it plays in meeting the global demand for agricultural fertilizers.
718
Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
350
Explore the top import markets for diammonium phosphate based on data from the IndexBox market intelligence platform. Discover the key statistics and numbers for countries like India, Bangladesh, Pakistan, Japan, and more.
397
Explore the top import markets for fertilizer worldwide, including Brazil, India, the United States, China, and more. Discover key statistics and import values provided by the IndexBox market intelligence platform.
511
Discover the top import markets for fertilizers, including Brazil, India, the United States, China, and France. Explore their import values and the factors driving the demand for fertilizers in these countries.
1257
Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
93
During the period analyzed, imports of Diammonium Phosphate reached a high of 6.9 million tons in 2022, but declined the next year. The value of these imports dropped significantly to $3.7 billion in 2023.
