Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $2,463 per ton in 2022, growing by 3% against the previous year. In general, the import price showed noticeable growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53% against the previous year. The import price peaked at $2,470 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($4,311 per ton), while the price for China ($1,880 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.8%), 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 Ecuador (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $2,941 per ton, almost unchanged from the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2021 to 2022, the rate of growth in terms of prices for Colombia amounted to 0.0% per year.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador
For the fourth year in a row, Ecuador recorded growth in purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses, which increased by 168% to 262 tons in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $645K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 5.0 | 2.7 | 244 | 216.4% |
| Costa Rica | 12.7 | 32.9 | 0.2 | 176 | 140.2% |
| United States | 14.6 | 33.9 | 30.3 | 141 | 113.0% |
| Italy | 3.9 | 25.0 | 23.9 | 83.5 | 177.7% |
| Colombia | 25.0 | 111 | 76.3 | 0.9 | -67.0% |
| Russia | 58.9 | N/A | N/A | N/A | 0% |
| Belgium | 6.6 | 11.0 | 41.9 | N/A | 152.0% |
| Others | 10.0 | 11.6 | 58.6 | N/A | 142.1% |
| Total | 139 | 230 | 234 | 645 | 66.8% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Ecuador in 2022:
- China (129.9 tons)
- Costa Rica (71.0 tons)
- United States (32.6 tons)
- Italy (28.0 tons)
- Colombia (0.4 tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador
Exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Ecuador dropped significantly to 1.2 tons in 2022, declining by -50% against the previous year's figure. Over the period under review, exports faced a dramatic shrinkage.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses dropped significantly to $3.5K in 2022. Overall, exports saw a precipitous decline.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Maldives | N/A | 3.5 | 0% | ||
| Colombia | 7.0 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 7.0 | 3.5 | -50.0% | ||
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Ecuador in 2022:
- Maldives (1.2 tons)
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