Price for Fertilizers; Mineral or Chemical, Nitrogenous in Mexico - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $1,845 per ton in 2022, growing by 17% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($2,893 per ton), while the price for Trinidad and Tobago ($824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $315 per ton in 2022, approximately equating the previous year. Overall, the export price continues to indicate a pronounced descent. Over the period under review, the average export prices reached the peak figure at $503 per ton in 2012; however, from 2013 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 Costa Rica ($458 per ton), while the average price for exports to Guatemala ($271 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 Costa Rica (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico
In 2022, overseas purchases of fertilizers; mineral or chemical, nitrogenoi were finally on the rise to reach 757K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $1.4B in 2022. Overall, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 220 | 191 | 246 | 421 | 24.2% |
| China | 121 | 130 | 215 | 367 | 44.8% |
| Indonesia | 8.6 | 75.7 | 94.4 | 161 | 165.5% |
| United States | 85.9 | 93.7 | 90.4 | 155 | 21.7% |
| Algeria | 60.0 | 32.5 | 39.7 | 74.1 | 7.3% |
| Belgium | 25.9 | 9.7 | 35.2 | 60.3 | 32.5% |
| Norway | 22.6 | 27.7 | 4.9 | 30.8 | 10.9% |
| Netherlands | 19.3 | 25.4 | 1.0 | 25.5 | 9.7% |
| Trinidad and Tobago | 21.1 | 19.2 | 0.4 | 22.7 | 2.5% |
| Malaysia | 28.1 | N/A | N/A | N/A | 0% |
| Others | 57.1 | 72.6 | 75.0 | 80.2 | 12.0% |
| Total | 669 | 678 | 802 | 1,397 | 27.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Mexico in 2022:
- China (246.2K tons)
- Russia (198.0K tons)
- United States (79.1K tons)
- Algeria (60.1K tons)
- Indonesia (55.8K tons)
- Belgium (32.9K tons)
- Trinidad and Tobago (27.6K tons)
- Norway (17.4K tons)
- Netherlands (14.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi exported from Mexico dropped dramatically to 14K tons, reducing by -72.6% on the year before. In general, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 121%. As a result, the exports attained the peak of 52K tons, and then contracted sharply in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports contracted notably to $4.5M in 2022. Overall, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, the exports reached the peak of $17M, and then contracted sharply in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.4 | 2.1 | 15.1 | 4.0 | 41.9% |
| Brazil | 0.6 | 0.4 | 0.4 | 0.1 | -45.0% |
| Costa Rica | 1.3 | 0.1 | 0.3 | 0.1 | -57.5% |
| Peru | N/A | N/A | 0.4 | 0.1 | -75.0% |
| Guatemala | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
| Cuba | 6.6 | 6.1 | N/A | N/A | -7.6% |
| Others | 0.6 | 0.3 | 0.4 | 0.1 | -45.0% |
| Total | 10.8 | 9.1 | 16.6 | 4.5 | -25.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Mexico in 2022:
- United States (13.1K tons)
- Brazil (0.4K tons)
- Costa Rica (0.3K tons)
- Peru (0.2K tons)
- Guatemala (0.1K tons)
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