Price for Fertilizers; Mineral or Chemical, Nitrogenous in Iraq - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $229 per ton, dropping by -6.6% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. The import price peaked at $562 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Jordan ($607 per ton), while the price for Iran ($104 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-0.8%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $471 per ton in 2022, jumping by 54% against the previous year. Over the period under review, the export price recorded a resilient expansion. The export price peaked at $486 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ethiopia ($1,376 per ton), while the average price for exports to Lebanon ($193 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq
In 2022, after two years of decline, there was significant growth in supplies from abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume increased by 34% to 171K tons. In general, imports, however, recorded a significant decline.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $39M in 2022. Over the period under review, imports, however, showed a sharp descent.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 18.7 | 0.1 | 17.8 | 25.3 | 10.6% |
| Iran | 59.1 | 45.6 | 12.9 | 13.2 | -39.3% |
| Qatar | 8.3 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 1.4 | 0.6 | 0.7 | -31.7% |
| Total | 88.3 | 47.1 | 31.2 | 39.2 | -23.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Iraq in 2022:
- Iran (127.2K tons)
- Jordan (41.7K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq
After three years of growth, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -64% to 954 tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 566% against the previous year. As a result, the exports attained the peak of 2.7K tons, and then fell dramatically in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports fell rapidly to $449K in 2022. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 846%. As a result, the exports reached the peak of $812K, and then contracted markedly in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 20.5 | 20.5 | 225 | 138 | 88.8% |
| Jordan | 42.4 | 35.0 | 316 | 128 | 44.5% |
| Lebanon | 33.8 | 26.8 | 232 | 89.8 | 38.5% |
| Ethiopia | N/A | N/A | N/A | 80.2 | 0% |
| India | 7.3 | 2.8 | 34.6 | 13.6 | 23.0% |
| Others | 5.5 | 0.8 | 4.2 | N/A | -12.6% |
| Total | 109 | 85.9 | 812 | 449 | 60.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Iraq in 2022:
- Lebanon (464.6 tons)
- Turkey (197.5 tons)
- Jordan (189.0 tons)
- Ethiopia (58.3 tons)
- India (44.2 tons)
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