Fertilizer Price per Ton June 2022

U.S. Fertilizer Import Price per Ton June 2022

In June 2022, the fertilizer price per ton stood at $587 (CIF, US), falling by -3.7% against the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in May 2022 an increase of 23% m-o-m. As a result, import price reached the peak level of $609 per ton, and then shrank modestly in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($732 per ton), while the price for Norway ($240 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

U.S. Fertilizer Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In June 2022, the product with the highest price was mixed phosphorus and potassium (pk) fertilizers ($1,621 per ton), while the price for superphosphates ($165 per ton) was amongst the lowest.

From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by mixed nitrogen and phosphorus fertilizers (+12.9%), while the prices for the other products experienced more modest paces of growth.

U.S. Fertilizer Imports

In June 2022, overseas purchases of fertilizers decreased by -13.3% to 1.6M tons, falling for the second month in a row after four months of growth. Over the period under review, imports continue to indicate a slight contraction. The pace of growth appeared the most rapid in March 2022 when imports increased by 27% m-o-m. Over the period under review, imports hit record highs at 2.7M tons in April 2022; however, from May 2022 to June 2022, imports stood at a somewhat lower figure.

In value terms, fertilizer imports contracted dramatically to $946M (IndexBox estimates) in June 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when imports increased by 28% m-o-m. As a result, imports reached the peak of $1.4B. From April 2022 to June 2022, the growth of imports remained at a lower figure.

U.S. Fertilizer Imports by Type

Potassium chloride (mop) (841K tons), urea (434K tons) and mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution (82K tons) were the main products of fertilizer imports to the United States, with a combined 84% share of total imports. These products were followed by diammonium phosphate, nitrogenous fertilizers n.e.c., monoammonium phosphate (map), ammonium sulphate, ammonium nitrate, potassium nitrates, mixed nitrogen, phosphorus and potassium (npk) fertilizers, phosphatic fertilizers other than superphosphates, sodium nitrate, carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, calcium ammonium nitrate (can), mixed phosphorus and potassium (pk) fertilizers, mixed nitrogen and phosphorus (np) fertilizers and superphosphates, which together accounted for a further 16%.

From January 2022 to June 2022, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers (with a CAGR of +69.8%), while imports for the other products experienced more modest paces of growth.

In value terms, the most traded types of fertilizers in the United States were potassium chloride (mop) ($467M), urea ($245M) and diammonium phosphate ($50M), with a combined 80% share of total imports. These products were followed by monoammonium phosphate (map), mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution, potassium nitrates, nitrogenous fertilizers n.e.c., mixed nitrogen, phosphorus and potassium (npk) fertilizers, ammonium sulphate, phosphatic fertilizers other than superphosphates, sodium nitrate, ammonium nitrate, carnallite, sylvite and other crude natural potassium salts, potassium magnesium sulphate and mixtures of potassic fertilisers, mixed phosphorus and potassium (pk) fertilizers, calcium ammonium nitrate (can), mixed nitrogen and phosphorus (np) fertilizers and superphosphates, which together accounted for a further 20%.

U.S. Fertilizer Imports by Country

In June 2022, Canada (984K tons) constituted the largest supplier of fertilizer to the United States, with a 61% share of total imports. Moreover, fertilizer imports from Canada exceeded the figures recorded by the second-largest supplier, Russia (164K tons), sixfold. The third position in this ranking was taken by Saudi Arabia (137K tons), with an 8.5% share.

From January 2022 to June 2022, the average monthly rate of growth in terms of volume from Canada totaled +3.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Russia (-5.1% per month) and Saudi Arabia (+25.6% per month).

In value terms, Canada ($554M) constituted the largest supplier of fertilizer to the United States, comprising 59% of total imports. The second position in the ranking was taken by Saudi Arabia ($101M), with an 11% share of total imports. It was followed by Russia, with a 9.4% share.

From January 2022 to June 2022, the average monthly growth rate of value from Canada stood at +10.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Saudi Arabia (+30.1% per month) and Russia (-9.0% per month).

Source: IndexBox Market Intelligence Platform