Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (FOB) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $1,729 per ton, picking up by 40% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 59%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($6,389 per ton), while the average price for exports to Ireland ($551 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 India (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $1,716 per ton in 2022, surging by 82% against the previous year. Overall, the import price saw a strong increase. The pace of growth was the most pronounced in 2020 an increase of 125% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,984 per ton), while the price for Ireland ($451 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK
In 2022, overseas shipments of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -28.9% to 2.9K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2020 with an increase of 27%. As a result, the exports attained the peak of 4.5K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses fell slightly to $5.1M in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 84%.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 122 | 91.6 | 809 | 1,202 | 114.4% |
| Iceland | 1,017 | 806 | 1,019 | 1,198 | 5.6% |
| United States | 36.9 | 29.3 | 1,757 | 577 | 150.1% |
| Israel | N/A | 663 | 557 | 447 | -17.9% |
| Hungary | N/A | N/A | N/A | 205 | 0% |
| South Africa | 69.2 | 83.7 | 111 | 155 | 30.8% |
| Netherlands | 65.5 | 93.2 | 40.9 | 92.5 | 12.2% |
| Sweden | 52.1 | 56.7 | 42.3 | 57.2 | 3.2% |
| Canada | 38.2 | 1,092 | 154 | 36.2 | -1.8% |
| Ireland | 260 | 291 | 55.2 | 20.6 | -57.0% |
| Others | 1,084 | 1,855 | 567 | 1,091 | 0.2% |
| Total | 2,746 | 5,061 | 5,112 | 5,081 | 22.8% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from the UK in 2022:
- Iceland (1694.8 tons)
- India (279.9 tons)
- United States (135.2 tons)
- Hungary (102.6 tons)
- South Africa (74.9 tons)
- Israel (69.9 tons)
- Netherlands (45.3 tons)
- Sweden (45.2 tons)
- Ireland (37.4 tons)
- Canada (19.7 tons)
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK
In 2022, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into the UK shrank remarkably to 709 tons, with a decrease of -18.8% against the previous year's figure. Over the period under review, imports continue to indicate a precipitous setback.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $1.2M in 2022. Overall, imports showed a sharp descent.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 589 | 762 | 464 | 949 | 17.2% |
| United States | 216 | 160 | 203 | 189 | -4.4% |
| Belgium | N/A | 30.8 | 106 | 26.5 | -7.2% |
| Ireland | N/A | N/A | N/A | 10.7 | 0% |
| Russia | 2,782 | N/A | N/A | N/A | 0% |
| Others | 6.7 | 34.5 | 50.7 | 42.3 | 84.8% |
| Total | 3,593 | 987 | 823 | 1,217 | -30.3% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to the UK in 2022:
- Netherlands (478.7 tons)
- United States (149.5 tons)
- Belgium (43.3 tons)
- Ireland (23.8 tons)
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