Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (CIF) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (CIF) - 2023
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $528 per ton in December 2023, declining by -2.2% against the previous month. Overall, the import price saw a pronounced descent. The most prominent rate of growth was recorded in February 2023 an increase of 129% against the previous month. As a result, import price reached the peak level of $1,037 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Spain ($538 per ton), while the price for Belgium stood at $477 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Belgium (+0.6%).
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $423 per ton, jumping by 35% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 45%. Over the period under review, the average export prices reached the maximum at $840 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($824 per ton), while the average price for exports to Spain amounted to $421 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+2.0%).
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal
For the third consecutive year, Portugal recorded decline in purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses, which decreased by -8.4% to 7.6K tons in 2022. In general, imports faced a abrupt contraction.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $5.8M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | 2.1 | 3.7 | 76.2% |
| Spain | 2.5 | 3.1 | 2.2 | 2.1 | -5.6% |
| Tunisia | 1.0 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 3.6 | 3.1 | 4.4 | 5.8 | 17.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Portugal in 2022:
- Belgium (4.8K tons)
- Spain (2.8K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal
Exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Portugal contracted sharply to 157 tons in 2022, which is down by -37.9% compared with the previous year. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,431% against the previous year. As a result, the exports attained the peak of 253 tons, and then contracted markedly in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses contracted significantly to $67K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,573% against the previous year. As a result, the exports attained the peak of $79K, and then contracted significantly in the following year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.9 | 2.2 | 3.4 | 66.0 | 72.3% |
| Peru | N/A | N/A | 68.7 | N/A | 0% |
| Cabo Verde | N/A | N/A | 7.2 | N/A | 0% |
| Others | 1.1 | N/A | N/A | 0.6 | -18.3% |
| Total | 14.0 | 2.2 | 79.3 | 66.5 | 68.1% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Portugal in 2022:
- Spain (156.6 tons)
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