Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $364 per ton in June 2023, with a decrease of -17% against the previous month. Overall, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in December 2022 an increase of 8.7% against the previous month. The import price peaked at $722 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Egypt ($593 per ton), while the price for Italy ($251 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Libya (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $359 per ton in June 2023, declining by -13.6% against the previous month. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in August 2022 when the average export price increased by 12% month-to-month. Over the period under review, the average export prices attained the maximum at $794 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to Serbia ($403 per ton) and Greece ($395 per ton), while the average price for exports to Moldova ($322 per ton) and Romania ($350 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria
In 2022, approx. 932K tons of fertilizers; mineral or chemical, nitrogenoi were imported into Bulgaria; picking up by 52% compared with 2021. Over the period under review, imports posted a resilient increase. 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 skyrocketed to $488M in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 139% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 38.1 | 19.4 | 33.8 | 83.7 | 30.0% |
| Georgia | 11.7 | 9.8 | 19.2 | 78.9 | 88.9% |
| Russia | 8.0 | 12.5 | 25.6 | 78.3 | 113.9% |
| Greece | 3.1 | 4.9 | 18.2 | 70.2 | 182.9% |
| Romania | 16.2 | 14.7 | 22.8 | 37.2 | 31.9% |
| Turkey | 6.0 | 2.4 | 4.3 | 21.3 | 52.5% |
| Netherlands | 6.4 | 5.0 | 10.6 | 20.0 | 46.2% |
| Austria | 3.7 | 3.6 | 9.4 | 16.7 | 65.3% |
| Italy | 3.3 | 2.9 | 5.4 | 14.8 | 64.9% |
| Turkmenistan | 16.7 | 11.9 | 32.7 | 6.9 | -25.5% |
| Others | 36.0 | 19.1 | 72.0 | 60.5 | 18.9% |
| Total | 149 | 106 | 254 | 488 | 48.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Bulgaria in 2022:
- Greece (182.8K tons)
- Russia (125.3K tons)
- Egypt (109.3K tons)
- Georgia (103.5K tons)
- Turkey (69.2K tons)
- Austria (64.5K tons)
- Romania (52.3K tons)
- Italy (47.4K tons)
- Netherlands (46.4K tons)
- Turkmenistan (8.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria
Fertilizers; mineral or chemical, nitrogenous exports from Bulgaria surged to 929K tons in 2022, increasing by 88% against the year before. Over the period under review, exports saw a buoyant 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 $430M in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 109% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 66.4 | 55.9 | 103 | 198 | 43.9% |
| India | 19.2 | 3.6 | 16.9 | 58.9 | 45.3% |
| Lithuania | N/A | N/A | N/A | 32.4 | 0% |
| France | 7.5 | N/A | 33.7 | 22.6 | 44.4% |
| United States | N/A | N/A | N/A | 20.4 | 0% |
| Ukraine | 34.4 | 13.1 | 30.0 | 20.1 | -16.4% |
| Serbia | 5.6 | 9.3 | 3.6 | 10.4 | 22.9% |
| North Macedonia | 4.9 | 6.2 | 7.1 | 10.0 | 26.8% |
| Hungary | 2.1 | 1.1 | 0.8 | 9.1 | 63.0% |
| Others | 6.5 | 9.6 | 11.8 | 48.5 | 95.4% |
| Total | 146 | 98.7 | 206 | 430 | 43.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Bulgaria in 2022:
- Romania (470.1K tons)
- India (180.6K tons)
- Serbia (52.6K tons)
- France (40.8K tons)
- Lithuania (29.5K tons)
- United States (25.1K tons)
- North Macedonia (24.7K tons)
- Hungary (23.6K tons)
- Ukraine (21.5K tons)
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