Price for Fertilizers; Mineral or Chemical, Nitrogenous in Australia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Australia (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Australia (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Australia
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Australia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Australia (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $354 per ton, which is down by -4.1% against the previous month. Over the period under review, the import price recorded a deep setback. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 8.9% month-to-month. Over the period under review, average import prices attained the peak figure at $745 per ton in July 2022; however, from August 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($828 per ton), while the price for Qatar ($314 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Egypt (+1.1%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Australia (FOB) - 2023
In July 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $1,015 per ton, dropping by -30.5% against the previous month. Over the period under review, the export price showed a noticeable contraction. The most prominent rate of growth was recorded in February 2023 an increase of 166% against the previous month. As a result, the export price attained the peak level of $2,206 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Vietnam ($2,590 per ton), while the average price for exports to Papua New Guinea ($541 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Caledonia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Australia
After three years of growth, overseas purchases of fertilizers; mineral or chemical, nitrogenoi decreased by -3.2% to 3.5M tons in 2022. The total import volume increased at an average annual rate of +9.8% 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 21%.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $2.7B in 2022. Over the period under review, imports, however, saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 174 | 144 | 370 | 671 | 56.8% |
| Saudi Arabia | 144 | 203 | 308 | 559 | 57.2% |
| Malaysia | 60.9 | 153 | 210 | 381 | 84.3% |
| Indonesia | 88.7 | 49.9 | 179 | 325 | 54.2% |
| China | 139 | 91.2 | 141 | 255 | 22.4% |
| Russia | 54.7 | 58.7 | 137 | 249 | 65.7% |
| Estonia | 27.3 | 20.8 | 28.9 | 52.4 | 24.3% |
| Others | 91.7 | 154 | 126 | 208 | 31.4% |
| Total | 779 | 874 | 1,501 | 2,701 | 51.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Australia in 2022:
- Qatar (787.3K tons)
- Saudi Arabia (687.3K tons)
- Malaysia (447.7K tons)
- Russia (407.9K tons)
- China (401.6K tons)
- Indonesia (362.6K tons)
- Estonia (103.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Australia
In 2022, shipments abroad of fertilizers; mineral or chemical, nitrogenoi was finally on the rise to reach 55K tons after two years of decline. Overall, exports, however, recorded a deep downturn.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $38M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.2% 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 +56.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 10.7 | 13.4 | 10.6 | 14.8 | 11.4% |
| United States | 4.7 | 6.3 | 7.7 | 10.0 | 28.6% |
| Papua New Guinea | 1.5 | 2.4 | 0.9 | 2.0 | 10.1% |
| Malaysia | 2.0 | 1.2 | 0.1 | 1.4 | -11.2% |
| Vietnam | 1.8 | 0.5 | 0.5 | 1.2 | -12.6% |
| Others | 3.7 | 5.2 | 7.1 | 8.7 | 33.0% |
| Total | 24.4 | 29.1 | 26.9 | 38.2 | 16.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Australia in 2022:
- New Zealand (40.7K tons)
- Malaysia (7.5K tons)
- Papua New Guinea (2.0K tons)
- Vietnam (1.6K tons)
- United States (1.1K tons)
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