Price for Fertilizers; Mineral or Chemical, Nitrogenous in Egypt - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Egypt (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Egypt (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Egypt
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Egypt
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Egypt (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $607 per ton in June 2023, declining by -27.8% against the previous month. Over the period under review, the export price, however, enjoyed a measured increase. The pace of growth was the most pronounced in October 2022 when the average export price increased by 100% month-to-month. Over the period under review, the average export prices hit record highs at $849 per ton in February 2023; however, from March 2023 to June 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In June 2023, the countries with the highest prices were Argentina ($606 per ton) and Romania ($606 per ton), while the average price for exports to France ($606 per ton) and Italy ($606 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 Greece (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Egypt (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $318 per ton in 2022, waning by -22.4% against the previous year. In general, the import price recorded a pronounced decline. The most prominent rate of growth was recorded in 2016 an increase of 67%. Over the period under review, average import prices attained the peak figure at $716 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($487 per ton), while the price for Turkey ($199 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Egypt
In 2022, overseas shipments of fertilizers; mineral or chemical, nitrogenoi increased by 39% to 3.6M tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep slump.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $1.7B in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% 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 +78.0% against 2020 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 Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 95.9 | 122 | 211 | 305 | 47.1% |
| Turkey | 195 | 132 | 108 | 200 | 0.8% |
| France | 129 | 136 | 89.1 | 163 | 8.1% |
| India | 120 | 130 | 93.4 | 159 | 9.8% |
| Italy | 89.5 | 76.3 | 94.1 | 136 | 15.0% |
| Romania | 26.7 | 9.2 | 69.9 | 101 | 55.8% |
| United States | 107 | 71.0 | 29.7 | 95.3 | -3.8% |
| Greece | 53.5 | 32.7 | 51.9 | 75.0 | 11.9% |
| United Kingdom | 22.9 | 10.9 | 45.4 | 65.6 | 42.0% |
| Spain | 55.9 | 41.4 | 33.3 | 60.2 | 2.5% |
| Brazil | 36.9 | 16.9 | 17.7 | 33.0 | -3.7% |
| Ethiopia | 9.7 | 10.0 | 22.7 | 32.7 | 49.9% |
| Bulgaria | 32.0 | 11.2 | 12.3 | 25.6 | -7.2% |
| Others | 176 | 140 | 178 | 221 | 7.9% |
| Total | 1,149 | 939 | 1,056 | 1,672 | 13.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Egypt in 2022:
- Argentina (502.5K tons)
- Turkey (475.8K tons)
- France (423.7K tons)
- India (393.8K tons)
- Italy (282.8K tons)
- United States (239.6K tons)
- Romania (167.8K tons)
- Spain (157.8K tons)
- Greece (152.0K tons)
- United Kingdom (108.1K tons)
- Ethiopia (91.3K tons)
- Brazil (81.2K tons)
- Bulgaria (63.7K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Egypt
After two years of decline, supplies from abroad of fertilizers; mineral or chemical, nitrogenoi increased by 97% to 43K tons in 2022. In general, imports, however, showed a noticeable decline.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $14M in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 9.4 | 8.1 | 5.4 | 7.0 | -9.4% |
| Czech Republic | 2.9 | 1.8 | 1.3 | 1.8 | -14.7% |
| China | 0.8 | 0.4 | 1.1 | 1.1 | 11.2% |
| Italy | 2.0 | 1.5 | N/A | 1.0 | -20.6% |
| Ukraine | 1.8 | 1.0 | 0.1 | 0.9 | -20.6% |
| Saudi Arabia | 1.2 | 0.1 | 0.6 | 0.6 | -20.6% |
| Turkey | N/A | 1.5 | N/A | 0.5 | -42.3% |
| Others | 1.1 | 1.7 | 0.3 | 0.7 | -14.0% |
| Total | 19.2 | 16.2 | 8.9 | 13.5 | -11.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Egypt in 2022:
- Norway (21.0K tons)
- Czech Republic (5.7K tons)
- Italy (4.2K tons)
- China (3.5K tons)
- Ukraine (2.9K tons)
- Turkey (2.3K tons)
- Saudi Arabia (1.2K tons)
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