Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (CIF) - 2023
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (FOB) - 2023
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (CIF) - 2023
In December 2023, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $843 per ton, declining by -7.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 156% m-o-m. As a result, import price attained the peak level of $2,355 per ton. From February 2023 to December 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Netherlands ($2,096 per ton), while the price for France amounted to $561 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (FOB) - 2023
The average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $1,016 per ton in December 2023, reducing by -60% against the previous month. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in April 2023 an increase of 536% against the previous month. As a result, the export price reached the peak level of $4,364 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Senegal ($2,229 per ton), while the average price for exports to France ($605 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 Angola (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses imported into Spain expanded slightly to 12K tons, growing by 2.6% compared with the previous year's figure. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of 19K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses expanded significantly to $11M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 27% against the previous year. As a result, imports attained the peak of $13M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.1 | 1.2 | 3.4 | 5.6 | 21.8% |
| Netherlands | 5.1 | 7.9 | 5.2 | 3.4 | -12.6% |
| France | 0.1 | 0.2 | 0.5 | 1.0 | 115.4% |
| Portugal | 1.7 | 0.1 | 0.4 | 0.7 | -25.6% |
| Lithuania | N/A | 1.5 | N/A | N/A | 0% |
| Tunisia | N/A | 1.8 | N/A | N/A | 0% |
| Others | 0.4 | 0.3 | 0.4 | 0.1 | -37.0% |
| Total | 10.3 | 13.0 | 10.1 | 10.8 | 1.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Spain in 2022:
- Belgium (7.8K tons)
- Netherlands (1.7K tons)
- France (1.1K tons)
- Portugal (1.1K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses exported from Spain reduced dramatically to 5.1K tons, dropping by -42.7% against the year before. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 289%. As a result, the exports reached the peak of 8.9K tons, and then shrank remarkably in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses contracted to $4.3M in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 322% against the previous year. As a result, the exports attained the peak of $4.9M, and then declined in the following year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 541 | 517 | 3,631 | 2,086 | 56.8% |
| France | 849 | 170 | 700 | 1,241 | 13.5% |
| Italy | 139 | 2.2 | 5.2 | 115 | -6.1% |
| Colombia | N/A | N/A | N/A | 67.8 | 0% |
| Others | 387 | 477 | 587 | 796 | 27.2% |
| Total | 1,917 | 1,166 | 4,924 | 4,306 | 31.0% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Spain in 2022:
- Portugal (2.7K tons)
- France (1.9K tons)
- Italy (0.1K tons)
- Colombia (0.1K tons)
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