Ecuador - Mixed Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMixed Fertilizer Price in Ecuador - 2022
Contents:
- Mixed Fertilizer Price in Ecuador (CIF) - 2022
- Mixed Fertilizer Price in Ecuador (FOB) - 2022
- Mixed Fertilizer Imports in Ecuador
- Mixed Fertilizer Exports in Ecuador
Mixed Fertilizer Price in Ecuador (CIF) - 2022
In 2022, the average mixed fertilizer import price amounted to $549 per ton, dropping by -12.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. Over the period under review, average import prices reached the peak figure at $704 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($1,200 per ton), while the price for Morocco ($351 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Mixed Fertilizer Price in Ecuador (FOB) - 2022
In January 2022, the average mixed fertilizer export price amounted to $979 per ton, rising by 8.1% against the previous month. In general, the export price, however, saw a abrupt descent. The growth pace was the most rapid in October 2021 an increase of 108% against the previous month. Over the period under review, the average export prices hit record highs at $3,046 per ton in June 2021; however, from July 2021 to January 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2022, the country with the highest price was Peru ($5,717 per ton), while the average price for exports to Nicaragua ($563 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Mixed Fertilizer Imports in Ecuador
In 2022, the amount of mixed fertilizers imported into Ecuador declined to 147K tons, dropping by -3.3% compared with the previous year. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 5.4% against the previous year. As a result, imports reached the peak of 152K tons, and then declined modestly in the following year.
In value terms, mixed fertilizer imports reduced sharply to $80M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of $96M, and then dropped sharply in the following year.
| Import of Mixed Fertilizer in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 17.5 | 21.6 | 43.4 | 31.7 | 21.9% |
| United States | 14.0 | 10.9 | 7.9 | 8.4 | -15.7% |
| China | 6.6 | 3.0 | 10.1 | 7.6 | 4.8% |
| Colombia | 1.4 | 2.2 | 5.8 | 6.9 | 70.2% |
| Chile | 4.5 | 8.1 | 4.4 | 4.7 | 1.5% |
| Norway | 3.8 | 2.3 | 4.5 | 4.5 | 5.8% |
| Mexico | 7.8 | 2.6 | 3.1 | 3.1 | -26.5% |
| Morocco | 0.7 | 1.1 | 2.8 | 2.0 | 41.9% |
| Germany | 3.4 | 3.6 | 3.7 | 1.5 | -23.9% |
| Belgium | 4.1 | 1.7 | 1.3 | 1.4 | -30.1% |
| Others | 8.7 | 8.4 | 8.5 | 8.8 | 0.4% |
| Total | 72.5 | 65.4 | 95.5 | 80.5 | 3.6% |
Top Suppliers of Mixed Fertilizer to Ecuador in 2022:
- Russia (62.4K tons)
- United States (15.2K tons)
- China (14.3K tons)
- Colombia (13.7K tons)
- Norway (9.4K tons)
- Mexico (7.2K tons)
- Chile (5.9K tons)
- Morocco (5.6K tons)
- Belgium (1.2K tons)
- Germany (1.1K tons)
Mixed Fertilizer Exports in Ecuador
In 2022, mixed fertilizer exports from Ecuador dropped to 379 tons, which is down by -7.5% compared with the year before. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 when exports increased by 5.7%.
In value terms, mixed fertilizer exports dropped to $536K in 2022. Overall, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 12% against the previous year.
| Export of Mixed Fertilizer in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 335 | 234 | 220 | 237 | -10.9% |
| Colombia | 42.4 | 28.4 | 38.0 | 84.1 | 25.6% |
| Chile | 134 | 54.9 | 62.4 | 72.2 | -18.6% |
| Dominican Republic | 169 | 87.8 | 95.7 | 62.0 | -28.4% |
| Suriname | 45.4 | 12.2 | 39.3 | 30.6 | -12.3% |
| Bolivia | 102 | 59.4 | 58.3 | 23.7 | -38.5% |
| Malaysia | 23.6 | 9.9 | 9.7 | 12.3 | -19.5% |
| Others | 110 | 21.4 | 47.2 | 14.0 | -49.7% |
| Total | 961 | 508 | 571 | 536 | -17.7% |
Top Export Markets for Mixed Fertilizer from Ecuador in 2022:
- Peru (132.9 tons)
- Colombia (58.4 tons)
- Suriname (56.7 tons)
- Chile (55.7 tons)
- Dominican Republic (52.8 tons)
- Bolivia (9.5 tons)
- Malaysia (8.6 tons)
This report provides an in-depth analysis of the mixed fertilizer market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20157130 -
- Prodcom 20157180 -
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
- Prodcom 20157100 - Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium (excluding those in tablets or similar forms, or in packages with a gross weight of . .10 kg)
- Prodcom 20157200 - Diammonium hydrogenorthophosphate (diammonium phosphate) (excluding in tablets or similar forms or in packages of a weight of . .10 kg)
- Prodcom 20157300 - Ammonium dihydrogenorthophosphate (monoammonium phosphate)
- Prodcom 20157400 - Other mineral or chemical fertilisers containing the two fertilising elements nitrogen and phosphorus
- Prodcom 20157500 - Mineral or chemical fertilisers containing the two fertilising elements phosphorus and potassium
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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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.
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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.
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