Price for Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar (CIF) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar (CIF) - 2022
In December 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $385 per ton, waning by -27% against the previous month. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in May 2022 an increase of 43% against the previous month. The import price peaked at $618 per ton in June 2022; however, from July 2022 to December 2022, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($760 per ton), while the price for China ($243 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar
In 2022, after two years of decline, there was significant growth in purchases abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume increased by 12% to 679K tons. Over the period under review, imports, however, saw a abrupt shrinkage.
In value terms, fertilizers; mineral or chemical, nitrogenous imports stood at $155M in 2022. In general, imports, however, showed a abrupt setback.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 113 | 101 | 60.7 | 55.2 | -21.2% |
| Malaysia | 14.4 | 6.5 | 23.7 | 23.4 | 17.6% |
| United Arab Emirates | 1.4 | 1.4 | 3.4 | 16.6 | 128.0% |
| Indonesia | 15.9 | 7.6 | 18.5 | 15.0 | -1.9% |
| Thailand | 8.2 | 9.7 | 17.7 | 14.3 | 20.4% |
| Qatar | 8.3 | 7.7 | 13.0 | 10.5 | 8.2% |
| Saudi Arabia | 22.5 | 12.3 | 6.4 | 7.4 | -31.0% |
| India | 37.2 | 0.2 | 1.3 | 4.4 | -50.9% |
| Others | 16.9 | 8.7 | 9.7 | 8.1 | -21.7% |
| Total | 237 | 156 | 154 | 155 | -13.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Myanmar in 2022:
- China (341.2K tons)
- Malaysia (80.2K tons)
- Thailand (47.6K tons)
- United Arab Emirates (44.9K tons)
- Indonesia (41.2K tons)
- Qatar (35.2K tons)
- India (32.9K tons)
- Saudi Arabia (26.5K tons)
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