Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $564 per ton in 2022, growing by 41% against the previous year. Over the period under review, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.4% 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 +74.1% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 48%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($825 per ton), while the price for China totaled $550 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.4%).
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (FOB) - 2022
In May 2021, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $393 per ton, declining by -18.1% against the previous month. In general, the export price faced a abrupt setback. As a result, the export price attained the peak level of $480 per ton, and then shrank sharply in the following month.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From April 2021 to May 2021, the rate of growth in terms of prices for Cambodia amounted to -18.1% per month.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses imported into Vietnam fell markedly to 23K tons, declining by -15.5% against 2021 figures. Over the period under review, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when imports increased by 199%. As a result, imports reached the peak of 28K tons, and then reduced markedly in the following year.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $13M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 267%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 1.2 | 8.8 | 12.2 | 82.7% |
| Belgium | 0.5 | 1.0 | 1.1 | 0.9 | 21.6% |
| Others | 0.9 | 0.9 | 1.2 | N/A | 15.5% |
| Total | 3.4 | 3.0 | 11.1 | 13.2 | 57.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Vietnam in 2022:
- China (22.2K tons)
- Belgium (1.1K tons)
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam
In 2021, overseas shipments of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -52.4% to 483 tons for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,929% against the previous year. As a result, the exports attained the peak of 1K tons, and then reduced notably in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses fell rapidly to $206K in 2021. Over the period under review, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,744%. As a result, the exports reached the peak of $276K, and then declined notably in the following year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Cambodia | 1.1 | 255 | 197 | 1238.2% | |
| Hong Kong SAR | 0.6 | 20.4 | 8.9 | 285.1% | |
| New Zealand | 13.2 | N/A | N/A | 0% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 14.9 | 276 | 206 | 271.8% | |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Vietnam in 2022:
- Cambodia (473.2 tons)
- Hong Kong SAR (9.8 tons)
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