Price for Fertilizers; Mineral or Chemical, Nitrogenous in Chile - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Chile (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Chile (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Chile
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Chile
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Chile (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $442 per ton, with an increase of 8.5% against the previous month. In general, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 11% against the previous month. The import price peaked at $803 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 China ($555 per ton), while the price for Qatar ($359 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 Malaysia (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Chile (FOB) - 2023
In July 2023, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $787 per ton, growing by 7.2% against the previous month. In general, the export price, however, recorded a noticeable setback. The pace of growth appeared the most rapid in May 2023 an increase of 85% month-to-month. The export price peaked at $1,385 per ton in February 2023; however, from March 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was the United States ($1,563 per ton), while the average price for exports to the United Arab Emirates ($438 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 Peru (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Chile
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Chile reduced dramatically to 543K tons, waning by -30.5% on 2021. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when imports increased by 7.7%. As a result, imports attained the peak of 781K tons, and then shrank notably in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $449M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 76%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 98.0 | 62.6 | 169 | 208 | 28.5% |
| Malaysia | 20.0 | 26.0 | 69.6 | 85.9 | 62.6% |
| United States | 63.2 | 64.8 | 17.3 | 59.9 | -1.8% |
| Russia | 26.1 | 15.1 | 29.6 | 36.5 | 11.8% |
| Indonesia | 0.2 | 0.3 | 23.3 | 28.8 | 424.1% |
| Netherlands | 8.2 | 4.7 | 7.3 | 9.0 | 3.2% |
| Sweden | 5.8 | 4.4 | 5.7 | 7.1 | 7.0% |
| Venezuela | N/A | 13.4 | N/A | N/A | 0% |
| Oman | N/A | N/A | 16.7 | N/A | 0% |
| Others | 6.7 | 8.7 | 13.1 | 13.8 | 27.2% |
| Total | 228 | 200 | 351 | 449 | 25.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Chile in 2022:
- China (238.7K tons)
- United States (103.7K tons)
- Malaysia (83.8K tons)
- Russia (47.0K tons)
- Indonesia (30.7K tons)
- Netherlands (17.3K tons)
- Sweden (9.2K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Chile
After two years of decline, shipments abroad of fertilizers; mineral or chemical, nitrogenoi increased by 27% to 317K tons in 2022. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. 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 skyrocketed to $268M in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 32.3 | 25.6 | 29.4 | 67.2 | 27.7% |
| United Arab Emirates | 0.1 | 9.6 | 26.5 | 60.5 | 745.8% |
| United States | 13.3 | 17.0 | 13.4 | 30.7 | 32.2% |
| Japan | 8.3 | 8.2 | 8.3 | 19.0 | 31.8% |
| Bolivia | 8.1 | 6.0 | 7.2 | 16.5 | 26.8% |
| Argentina | 7.4 | 5.4 | 5.7 | 13.0 | 20.7% |
| Mexico | 7.0 | 5.5 | 3.2 | 9.4 | 10.3% |
| Australia | 6.8 | 7.5 | 1.7 | 9.0 | 9.8% |
| Netherlands | 3.0 | 8.5 | 3.4 | 8.4 | 40.9% |
| Brazil | 3.6 | 4.6 | 3.5 | 7.9 | 29.9% |
| Ecuador | 2.6 | 2.8 | 1.4 | 4.0 | 15.4% |
| Costa Rica | 2.6 | 1.7 | 1.4 | 3.5 | 10.4% |
| Others | 7.8 | 8.1 | 10.2 | 18.6 | 33.6% |
| Total | 103 | 111 | 115 | 268 | 37.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Chile in 2022:
- Peru (99.3K tons)
- United Arab Emirates (59.9K tons)
- United States (24.7K tons)
- Bolivia (18.8K tons)
- Australia (18.4K tons)
- Japan (18.1K tons)
- Argentina (17.3K tons)
- Mexico (14.6K tons)
- Netherlands (8.2K tons)
- Brazil (6.7K tons)
- Costa Rica (6.2K tons)
- Ecuador (5.0K tons)
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