Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela - 2022

Contents:

  1. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela (CIF) - 2022
  2. Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela (CIF) - 2022

In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $3,710 per ton, surging by 2.4% against the previous year. In general, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 decreased by -1.9% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum at $3,782 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +2.1% per year.

Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela

After two years of decline, supplies from abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses increased by 10% to 6.4 tons in 2022. In general, imports, however, continue to indicate a deep reduction.

In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses rose notably to $24K in 2022. Overall, imports, however, recorded a abrupt setback.

Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain33.526.621.212.0-29.0%
OthersN/AN/AN/A12.00%
Total33.526.621.223.9-10.6%

Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Venezuela in 2022:

  1. Spain (3.2 tons)

Source: IndexBox Market Intelligence Platform

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