Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $626 per ton, growing by 25% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fertilizers, mineral or chemical; containing nitrates and phosphateses increased by +60.7% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 52%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 the Netherlands ($3,786 per ton), while the price for Italy ($563 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+48.7%), 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 Greece (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $838 per ton, picking up by 4.5% against the previous year. Over the period under review, the export price recorded a resilient expansion. The growth pace was the most rapid in 2021 when the average export price increased by 97% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($1,886 per ton), while the average price for exports to Bulgaria ($544 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece
In 2022, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Greece shrank dramatically to 11K tons, reducing by -41.4% against 2021 figures. In general, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 9.1% against the previous year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses declined sharply to $6.8M in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 66% against the previous year.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 4.8 | 3.7 | 6.1 | 4.1 | -5.1% |
| Belgium | N/A | 1.5 | 2.9 | 2.2 | 21.1% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Norway | 2.3 | N/A | N/A | N/A | 0% |
| Germany | 2.2 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Total | 9.6 | 5.6 | 9.3 | 6.8 | -10.9% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Greece in 2022:
- Italy (7.4K tons)
- Belgium (3.2K tons)
- France (0.2K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Greece
In 2022, shipments abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses was finally on the rise to reach 5K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a abrupt shrinkage.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $4.2M in 2022. Overall, total exports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Greece (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 156 | 28.4 | 124 | 2,099 | 137.8% |
| Cyprus | 3,274 | 3,053 | 1,141 | 1,402 | -24.6% |
| Slovakia | 9.3 | 14.8 | 300 | 536 | 286.3% |
| Albania | 3.8 | 63.6 | 133 | 78.5 | 174.4% |
| Bulgaria | 142 | 12.0 | 161 | 2.1 | -75.5% |
| Others | 66.1 | 137 | 143 | 91.8 | 11.6% |
| Total | 3,651 | 3,309 | 2,003 | 4,209 | 4.9% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Greece in 2022:
- Romania (3099.8 tons)
- Cyprus (1480.9 tons)
- Slovakia (284.4 tons)
- Albania (100.7 tons)
- Bulgaria (3.8 tons)
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