Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium (FOB) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium (CIF) - 2023
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium (FOB) - 2023
The average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $498 per ton in November 2023, shrinking by -2.9% against the previous month. Overall, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 114% month-to-month. As a result, the export price attained the peak level of $1,262 per ton. From July 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the Netherlands ($11,370 per ton), while the average price for exports to Malaysia ($453 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+24.5%), 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 Belgium (CIF) - 2023
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $263 per ton in December 2023, dropping by -43% against the previous month. Overall, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 367% against the previous month. As a result, import price reached the peak level of $1,971 per ton. From September 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($487 per ton), while the price for Germany stood at $199 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.8%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium
In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Belgium soared to 133K tons, with an increase of 50% on the previous year's figure. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.9% against 2019 indices. As a result, the exports attained 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 $80M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 6.1 | 6.1 | 15.0 | 31.4 | 72.7% |
| Germany | 2.9 | 3.8 | 5.4 | 17.9 | 83.4% |
| Spain | 2.8 | 1.3 | 0.3 | 5.7 | 26.7% |
| Argentina | 1.2 | N/A | 5.7 | 5.6 | 67.1% |
| Italy | 4.0 | 7.1 | 1.8 | 5.3 | 9.8% |
| Portugal | 2.5 | 1.4 | N/A | 3.8 | 15.0% |
| Greece | 1.9 | 1.6 | 0.1 | 2.4 | 8.1% |
| Thailand | 0.6 | 0.1 | 0.2 | 1.9 | 46.8% |
| Netherlands | 1.2 | 0.7 | 1.4 | 1.6 | 10.1% |
| Indonesia | 0.7 | 1.6 | 0.4 | 1.0 | 12.6% |
| Vietnam | 1.0 | 0.9 | 1.0 | 0.6 | -15.7% |
| Malaysia | 0.9 | 2.7 | 2.7 | 0.3 | -30.7% |
| Turkey | 1.1 | 0.7 | 0.2 | N/A | -57.4% |
| Others | 1.8 | 1.2 | 1.8 | 2.8 | 15.9% |
| Total | 28.6 | 29.1 | 35.9 | 80.2 | 41.0% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Belgium in 2022:
- France (46.7K tons)
- Germany (26.8K tons)
- Spain (19.5K tons)
- Italy (7.1K tons)
- Argentina (7.1K tons)
- Thailand (5.4K tons)
- Portugal (5.1K tons)
- Netherlands (3.7K tons)
- Indonesia (3.3K tons)
- Greece (3.3K tons)
- Vietnam (0.9K tons)
- Malaysia (0.7K tons)
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium
Imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Belgium expanded to 15K tons in 2022, with an increase of 4% on the previous year. Overall, imports, however, showed a pronounced slump. The pace of growth appeared the most rapid in 2021 with an increase of 98% against the previous year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $6.8M in 2022. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 181% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1.9 | 0.7 | 0.8 | 2.6 | 11.0% |
| France | 0.5 | 0.8 | 3.0 | 2.3 | 66.3% |
| Netherlands | 1.8 | 0.5 | 1.7 | 1.5 | -5.9% |
| Russia | N/A | N/A | N/A | 0.2 | 0% |
| Ireland | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Total | 4.4 | 2.0 | 5.7 | 6.8 | 15.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Belgium in 2022:
- Germany (6.0K tons)
- Netherlands (4.3K tons)
- France (3.9K tons)
- Russia (0.4K tons)
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