Price for Fertilizers; Mineral or Chemical, Nitrogenous in Argentina - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $486 per ton, rising by 4.5% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous import price increased by +90.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 83%. The import price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Algeria ($954 per ton), while the price for the Netherlands ($284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $544 per ton in 2022, with a decrease of -8.2% against the previous year. In general, the export price, however, saw a measured increase. The growth pace was the most rapid in 2020 an increase of 67% against the previous year. Over the period under review, the average export prices attained the maximum at $593 per ton in 2021, and then declined in the following year.
As there is only one major export destination, the average price level is determined by prices for Paraguay.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +18.8% per year.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina
For the fourth year in a row, Argentina recorded growth in purchases abroad of fertilizers; mineral or chemical, nitrogenoi, which increased by 82% to 4.2M tons in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $2B in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 120%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 106 | 196 | 509 | 1,182 | 123.4% |
| Netherlands | 26.6 | 38.1 | 78.2 | 181 | 89.5% |
| Russia | 81.7 | 66.9 | 75.4 | 175 | 28.9% |
| United States | 75.7 | 74.8 | 69.5 | 168 | 30.4% |
| Algeria | 63.5 | 60.7 | 45.0 | 130 | 27.0% |
| Trinidad and Tobago | 6.7 | 16.1 | 22.0 | 51.2 | 97.0% |
| China | 11.0 | 11.8 | 21.9 | 50.9 | 66.6% |
| Bolivia | 50.3 | 1.0 | 4.7 | 42.9 | -5.2% |
| Others | 21.0 | 21.8 | 248 | 59.9 | 41.8% |
| Total | 443 | 488 | 1,074 | 2,041 | 66.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Argentina in 2022:
- Egypt (2120.0K tons)
- Netherlands (638.3K tons)
- United States (466.2K tons)
- Russia (406.3K tons)
- Trinidad and Tobago (150.9K tons)
- China (137.8K tons)
- Algeria (135.7K tons)
- Bolivia (43.0K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina
After three years of growth, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -10.8% to 2.3K tons in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports fell rapidly to $1.2M in 2022. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 130%.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Argentina (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 0.5 | 15.2 | 1,508 | 1,236 | 1252.1% |
| Uruguay | 418 | 949 | N/A | N/A | 127.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 419 | 964 | 1,508 | 1,236 | 43.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Argentina in 2022:
- Paraguay (2.3K tons)
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