Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $936 per ton, dropping by -5.6% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2020 an increase of 100%. As a result, import price attained the peak level of $1,383 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
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 Australia ($1,272 per ton), while the price for the United States ($453 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 (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR
In 2022, supplies from abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses increased by 51% to 8.2 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a drastic downturn.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $7.7K in 2022. Over the period under review, imports, however, continue to indicate a noticeable descent.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 6.5 | 4.2 | 4.6 | 6.3 | -1.0% |
| United States | 1.9 | 0.9 | 0.8 | 0.9 | -22.0% |
| Australia | N/A | N/A | N/A | 0.5 | 0% |
| Others | N/A | 4.8 | N/A | N/A | 0% |
| Total | 8.3 | 10.0 | 5.4 | 7.7 | -2.5% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Hong Kong SAR in 2022:
- Vietnam (5.9 tons)
- United States (1.9 tons)
- Australia (0.4 tons)
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