Price for Fertilizers; Mineral or Chemical, Nitrogenous in Colombia - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $630 per ton in February 2022, which is down by -11.9% against the previous month. Overall, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in November 2021 an increase of 64% m-o-m. As a result, import price attained the peak level of $793 per ton. From December 2021 to February 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In February 2022, the country with the highest price was Trinidad and Tobago ($966 per ton), while the price for Sweden ($397 per ton) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $261 per ton in 2022, growing by 1.9% against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The growth pace was the most rapid in 2018 an increase of 5.4% against the previous year. The export price peaked at $402 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Costa Rica ($307 per ton) and Australia ($278 per ton), while the average price for exports to Peru ($252 per ton) and Brazil ($255 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (-3.0%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia
Fertilizers; mineral or chemical, nitrogenous imports into Colombia was estimated at 1M tons in 2022, approximately reflecting 2021 figures. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 10%. As a result, imports attained the peak of 1M tons; afterwards, it flattened through to 2022.
In value terms, fertilizers; mineral or chemical, nitrogenous imports fell to $296M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $334M, and then contracted in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 70.2 | 79.8 | 106 | 93.3 | 9.9% |
| Trinidad and Tobago | 44.2 | 52.0 | 87.5 | 77.1 | 20.4% |
| China | 37.6 | 24.2 | 65.0 | 57.2 | 15.0% |
| United States | 26.8 | 39.2 | 13.3 | 19.0 | -10.8% |
| Netherlands | 16.7 | 14.2 | 19.3 | 17.0 | 0.6% |
| Indonesia | 6.3 | 12.8 | 12.5 | 11.0 | 20.4% |
| Algeria | 19.2 | 23.7 | 1.4 | 10.2 | -19.0% |
| Others | 43.8 | 12.8 | 29.4 | 11.6 | -35.8% |
| Total | 265 | 259 | 334 | 296 | 3.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Colombia in 2022:
- Russia (264.9K tons)
- China (233.6K tons)
- Trinidad and Tobago (199.7K tons)
- United States (110.7K tons)
- Netherlands (54.7K tons)
- Algeria (50.7K tons)
- Indonesia (47.2K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia
In 2022, fertilizers; mineral or chemical, nitrogenous exports from Colombia totaled 75K tons, standing approx. at 2021 figures. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 9.1% against the previous year. As a result, the exports reached the peak of 76K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, fertilizers; mineral or chemical, nitrogenous exports expanded slightly to $20M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 8.9% against the previous year. As a result, the exports attained the peak of $20M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 10.0 | 9.6 | 9.2 | 9.0 | -3.5% |
| Peru | 2.7 | 4.6 | 4.6 | 4.5 | 18.6% |
| Ecuador | 1.5 | 4.0 | 3.4 | 3.3 | 30.1% |
| Mexico | 0.4 | 0.8 | 0.8 | 0.7 | 20.5% |
| Guatemala | 1.8 | 0.1 | 0.1 | 0.6 | -30.7% |
| Costa Rica | 0.9 | 0.2 | 0.1 | 0.4 | -23.7% |
| Others | 1.1 | 0.8 | 1.1 | 1.1 | 0.0% |
| Total | 18.5 | 20.1 | 19.3 | 19.7 | 2.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Colombia in 2022:
- Brazil (35.3K tons)
- Peru (17.9K tons)
- Ecuador (12.5K tons)
- Mexico (2.9K tons)
- Guatemala (2.4K tons)
- Costa Rica (1.2K tons)
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