Price for Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $368 per ton, with a decrease of -6.4% against the previous year. In general, the import price showed a perceptible decline. The pace of growth was the most pronounced in 2016 an increase of 62%. Over the period under review, average import prices reached the maximum at $500 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($3,004 per ton), while the price for Iran ($82 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $359 per ton in 2022, shrinking by -17.8% against the previous year. Over the period under review, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2021 when the average export price increased by 38% against the previous year. The export price peaked at $451 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($1,233 per ton), while the average price for exports to Mozambique ($100 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 Pakistan (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait
Fertilizers; mineral or chemical, nitrogenous imports into Kuwait was estimated at 3.2K tons in 2022, growing by 9.1% on the previous year's figure. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 21% against the previous year. As a result, imports reached the peak of 3.5K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous imports rose modestly to $1.2M in 2022. The total import value increased at an average annual rate of +4.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 16%. As a result, imports attained the peak of $1.2M; afterwards, it flattened through to 2022.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 244 | 569 | 425 | 419 | 19.7% |
| Germany | 135 | 34.4 | 205 | 203 | 14.6% |
| China | 44.4 | 139 | 53.8 | 71.1 | 17.0% |
| Iran | 4.7 | 10.4 | 16.9 | 59.5 | 133.1% |
| Jordan | 112 | 22.3 | 48.1 | 59.0 | -19.2% |
| Poland | 76.7 | 48.5 | 5.7 | 40.7 | -19.0% |
| Norway | 50.0 | 18.8 | 40.6 | 40.1 | -7.1% |
| South Korea | 67.6 | 19.4 | 16.2 | 33.0 | -21.3% |
| Spain | 37.7 | 32.8 | 20.5 | 28.3 | -9.1% |
| United Arab Emirates | 37.8 | 40.0 | 7.2 | 26.0 | -11.7% |
| Others | 220 | 266 | 314 | 197 | -3.6% |
| Total | 1,030 | 1,200 | 1,153 | 1,176 | 4.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Kuwait in 2022:
- Saudi Arabia (1067.0 tons)
- Iran (727.4 tons)
- Germany (403.4 tons)
- China (288.5 tons)
- Norway (116.4 tons)
- Poland (109.3 tons)
- Spain (62.9 tons)
- Jordan (62.0 tons)
- United Arab Emirates (54.6 tons)
- South Korea (54.1 tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait
After two years of decline, shipments abroad of fertilizers; mineral or chemical, nitrogenoi increased by 20% to 119K tons in 2022. Overall, exports, however, continue to indicate a abrupt setback.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reduced to $43M in 2022. The total export value increased at an average annual rate of +1.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 2.9%.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Kuwait (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 12.0 | 14.8 | 15.9 | 17.1 | 12.5% |
| Mexico | 4.0 | 4.7 | 4.9 | 5.1 | 8.4% |
| Brazil | 6.0 | 3.0 | 4.9 | 4.5 | -9.1% |
| Australia | 4.1 | 4.6 | 4.4 | 4.2 | 0.8% |
| United States | 3.5 | 3.5 | 3.1 | 2.8 | -7.2% |
| Uruguay | 1.6 | 1.8 | 1.7 | 1.6 | 0.0% |
| Thailand | 2.2 | 2.1 | 1.7 | 1.5 | -12.0% |
| Argentina | 1.9 | 1.9 | 1.7 | 1.5 | -7.6% |
| South Korea | 1.2 | 1.4 | 1.4 | 1.4 | 5.3% |
| India | 2.1 | 1.9 | 1.6 | 1.3 | -14.8% |
| South Africa | 1.3 | 1.3 | 1.1 | 1.0 | -8.4% |
| Mozambique | 1.0 | 0.9 | 0.7 | 0.6 | -15.7% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 41.1 | 42.2 | 43.4 | 42.8 | 1.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Kuwait in 2022:
- Mexico (19.6K tons)
- Australia (16.2K tons)
- Pakistan (13.9K tons)
- Uruguay (11.2K tons)
- United States (10.6K tons)
- Argentina (9.7K tons)
- Brazil (7.9K tons)
- Thailand (7.7K tons)
- India (6.4K tons)
- Mozambique (6.0K tons)
- South Korea (5.2K tons)
- South Africa (4.3K tons)
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