Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (FOB) - 2023
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $355 per ton, approximately equating the previous year. In general, the import price, however, continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum at $436 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Greece ($824 per ton), while the price for Russia ($235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (FOB) - 2023
In December 2023, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $521 per ton, leveling off at the previous month. In general, the export price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 5.6% m-o-m. Over the period under review, the average export prices attained the peak figure at $750 per ton in December 2022; however, from January 2023 to December 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Greece ($649 per ton), while the average price for exports to Ukraine ($500 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (-1.6%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria
In 2022, approx. 73K tons of fertilizers, mineral or chemical; containing nitrates and phosphateses were imported into Bulgaria; increasing by 79% compared with 2021 figures. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 138% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $26M in 2022. In general, imports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 181%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 0.5 | 4.4 | 11.2 | 373.3% |
| Italy | 1.3 | 0.9 | 1.9 | 5.8 | 64.6% |
| Austria | 1.9 | 1.0 | 4.3 | 5.0 | 38.1% |
| Romania | N/A | N/A | 1.3 | 2.3 | 76.9% |
| Poland | 0.7 | 0.1 | N/A | 1.1 | 16.3% |
| Greece | 2.0 | 0.1 | 0.4 | 0.4 | -41.5% |
| Norway | 0.6 | 2.0 | 1.8 | N/A | 73.2% |
| Others | 0.2 | 0.6 | 0.3 | 0.1 | -20.6% |
| Total | 6.8 | 5.1 | 14.4 | 25.9 | 56.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Bulgaria in 2022:
- Russia (47.6K tons)
- Austria (12.4K tons)
- Italy (7.6K tons)
- Romania (3.0K tons)
- Poland (1.8K tons)
- Greece (0.5K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria
In 2022, overseas shipments of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -60.1% to 23K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a significant decrease. The pace of growth was the most pronounced in 2020 with an increase of 39% against the previous year. As a result, the exports reached the peak of 123K 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 contracted sharply to $17M in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 7.2% against the previous year. As a result, the exports reached the peak of $30M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 9.9 | 8.2 | 5.7 | 11.7 | 5.7% |
| Ukraine | 18.2 | 21.9 | 16.2 | 2.4 | -49.1% |
| Moldova | N/A | N/A | N/A | 2.0 | 0% |
| Greece | 0.3 | 0.3 | 0.5 | 1.1 | 54.2% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 28.4 | 30.4 | 22.4 | 17.2 | -15.4% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Bulgaria in 2022:
- Romania (15.5K tons)
- Ukraine (3.2K tons)
- Moldova (3.0K tons)
- Greece (1.2K tons)
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