Price for Fertilizers; Mineral or Chemical, Nitrogenous in Brazil - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Brazil (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Brazil (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Brazil
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Brazil
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Brazil (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $272 per ton, growing by 3.8% against the previous month. Overall, the import price, however, recorded a deep downturn. The growth pace was the most rapid in November 2022 an increase of 8.9% m-o-m. Over the period under review, average import prices reached the peak figure at $617 per ton in August 2022; however, from September 2022 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Bahrain ($345 per ton), while the price for the United States ($130 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 Qatar (-5.2%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Brazil (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $1,538 per ton in July 2023, picking up by 148% against the previous month. In general, the export price saw a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Paraguay ($1,623 per ton), while the average price for exports to Uruguay ($407 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 Argentina (+29.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Brazil
In 2022, after three years of growth, there was decline in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -1.2% to 14M tons. The total import volume increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, imports attained the peak of 14M tons, and then shrank modestly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $7.3B in 2022. Overall, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 361 | 370 | 680 | 1,559 | 62.8% |
| Oman | 8.9 | 34.1 | 229 | 1,085 | 395.8% |
| Russia | 621 | 591 | 1,088 | 1,074 | 20.0% |
| Qatar | 339 | 487 | 793 | 967 | 41.8% |
| Nigeria | 136 | 113 | 442 | 864 | 85.2% |
| Algeria | 294 | 424 | 499 | 428 | 13.3% |
| Netherlands | 159 | 155 | 249 | 286 | 21.6% |
| Others | 715 | 571 | 846 | 1,066 | 14.2% |
| Total | 2,635 | 2,745 | 4,825 | 7,328 | 40.6% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Brazil in 2022:
- China (4.6M tons)
- Russia (1.9M tons)
- Oman (1.6M tons)
- Qatar (1.4M tons)
- Nigeria (1.2M tons)
- Algeria (0.6M tons)
- Netherlands (0.5M tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Brazil
For the fourth year in a row, Brazil recorded growth in overseas shipments of fertilizers; mineral or chemical, nitrogenoi, which increased by 71% to 116K tons in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $88M in 2022. In general, exports recorded a significant expansion. 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 Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 12.3 | 13.6 | 26.4 | 31.3 | 36.5% |
| Argentina | 2.1 | 1.9 | 5.7 | 17.1 | 101.2% |
| United Kingdom | N/A | N/A | N/A | 11.7 | 0% |
| Chile | 0.2 | 0.9 | 1.3 | 11.7 | 288.2% |
| Uruguay | 3.4 | 3.4 | 4.1 | 10.1 | 43.8% |
| Colombia | 0.1 | N/A | N/A | 2.2 | 180.2% |
| Others | 1.4 | 1.8 | 2.9 | 3.7 | 38.3% |
| Total | 19.6 | 21.7 | 40.5 | 87.8 | 64.8% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Brazil in 2022:
- Paraguay (39.9K tons)
- Argentina (27.8K tons)
- United Kingdom (21.9K tons)
- Uruguay (13.6K tons)
- Chile (8.0K tons)
- Colombia (2.1K tons)
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