Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ethiopia - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ethiopia (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ethiopia
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ethiopia (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $1,104 per ton, jumping by 25% against the previous year. In general, import price indicated a modest expansion from 2013 to 2022: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($3,654 per ton), while the price for China ($358 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by India (+79.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Ethiopia
Imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Ethiopia surged to 398 tons in 2022, rising by 999% on the previous year's figure. In general, imports posted a significant expansion. As a result, imports attained 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 $439K in 2022. Over the period under review, imports showed 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 Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 22.2 | N/A | N/A | 268 | 129.4% |
| China | N/A | N/A | 9.2 | 85.8 | 832.6% |
| India | N/A | N/A | 22.5 | 43.1 | 91.6% |
| Jordan | N/A | N/A | N/A | 42.8 | 0% |
| Others | N/A | 4.4 | 0.3 | N/A | -93.2% |
| Total | 22.2 | 4.4 | 32.0 | 439 | 170.4% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Ethiopia in 2022:
- China (239.7 tons)
- Chile (122.6 tons)
- Jordan (24.0 tons)
- India (11.8 tons)
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