Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (FOB) - 2024
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (FOB) - 2024
In February 2024, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $808 per ton, growing by 6.7% against the previous month. Overall, the export price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in October 2023 an increase of 35% against the previous month. Over the period under review, the average export prices hit record highs at $1,147 per ton in May 2023; however, from June 2023 to February 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In February 2024, the country with the highest price was Canada ($816 per ton), while the average price for exports to Barbados totaled $262 per ton.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (0.0%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $917 per ton, picking up by 5.5% against the previous year. Over the period under review, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 29%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($1,704 per ton), while the price for China ($702 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+15.4%), 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 the United States
For the fourth consecutive year, the United States recorded growth in shipments abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses, which increased by 11% to 63K tons in 2022. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 57%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $63M in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 128%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 14.3 | 18.6 | 44.1 | 61.4 | 62.5% |
| Mexico | 1.1 | 0.8 | 0.1 | 0.6 | -18.3% |
| Others | 0.1 | 0.4 | 1.0 | 0.8 | 100.0% |
| Total | 15.6 | 19.8 | 45.2 | 62.8 | 59.1% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from the United States in 2022:
- Canada (61.3K tons)
- Mexico (0.8K tons)
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States
In 2022, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into the United States amounted to 2.9K tons, surging by 4.5% compared with 2021 figures. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 121%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses rose remarkably to $2.7M in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 165% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 561 | 260 | 520 | 914 | 17.7% |
| United Kingdom | N/A | N/A | 941 | 913 | -3.0% |
| Mexico | N/A | N/A | N/A | 365 | 0% |
| Australia | N/A | 88.8 | 389 | 228 | 60.2% |
| Spain | N/A | N/A | N/A | 182 | 0% |
| Netherlands | 185 | 385 | 571 | 42.4 | -38.8% |
| China | 143 | 69.7 | 5.9 | 15.2 | -52.6% |
| Costa Rica | N/A | 98.9 | N/A | N/A | 0% |
| Others | 15.0 | 23.1 | 26.3 | 44.9 | 44.1% |
| Total | 905 | 925 | 2,453 | 2,705 | 44.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to the United States in 2022:
- Canada (1259.0 tons)
- United Kingdom (1077.0 tons)
- Mexico (259.0 tons)
- Spain (144.0 tons)
- Australia (134.0 tons)
- Netherlands (28.0 tons)
- China (21.6 tons)
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