Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (FOB) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (FOB) - 2023
In December 2023, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $2,500 per ton, with an increase of 11% against the previous month. Over the period under review, the export price, however, saw a noticeable curtailment. The pace of growth was the most pronounced in August 2023 an increase of 482% m-o-m. Over the period under review, the average export prices attained the peak figure at $4,171 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In December 2023, the country with the highest price was Egypt ($3,346 per ton), while the average price for exports to Hungary ($2,389 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 Bulgaria (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $680 per ton in 2022, growing by 26% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 +98.7% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 57% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($775 per ton), while the price for Croatia ($432 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy
In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Italy plummeted to 30K tons, which is down by -15.9% on 2021. Overall, total exports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 55% against the previous year. As a result, the exports reached the peak of 36K tons, and then fell remarkably in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $24M in 2022. Over the period under review, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Greece | 3.5 | 4.4 | 10.0 | 9.7 | 40.5% |
Turkey | N/A | 0.6 | 5.9 | 5.7 | 208.2% |
Hungary | 0.3 | 0.9 | 1.3 | 2.8 | 110.5% |
Cyprus | 2.0 | 1.1 | N/A | 1.6 | -7.2% |
Bulgaria | 1.8 | 1.4 | N/A | N/A | -22.2% |
Others | 2.7 | 2.1 | 3.0 | 3.8 | 12.1% |
Total | 10.3 | 10.5 | 20.3 | 23.7 | 32.0% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Italy in 2022:
- Greece (15.3K tons)
- Turkey (9.3K tons)
- Cyprus (2.8K tons)
- Hungary (1.5K tons)
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy
After three years of growth, purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -62.3% to 11K tons in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when imports increased by 43% against the previous year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses shrank markedly to $7.4M in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, imports attained the peak of $15M, and then declined rapidly in the following year.
Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 4.1 | 6.5 | 12.4 | 4.7 | 4.7% |
Tunisia | N/A | N/A | 2.0 | 1.2 | -40.0% |
Germany | 0.1 | 0.5 | 0.5 | 1.0 | 115.4% |
Austria | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
Greece | 0.4 | N/A | N/A | N/A | 0% |
Others | 1.1 | 0.6 | 0.5 | 0.4 | -28.6% |
Total | 5.8 | 7.7 | 15.5 | 7.4 | 8.5% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Italy in 2022:
- Belgium (6.9K tons)
- Tunisia (2.0K tons)
- Germany (1.4K tons)
- Austria (0.2K tons)
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