Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (CIF) - 2023
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (CIF) - 2023
The average import price for fertilizers, mineral or chemical stood at $425 per ton in December 2023, jumping by 15% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 91% m-o-m. Over the period under review, average import prices attained the peak figure at $583 per ton in January 2023; however, from February 2023 to December 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was Greece ($435 per ton), while the price for Romania totaled $377 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Greece (-2.7%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (FOB) - 2022
The average export price for fertilizers, mineral or chemical stood at $1,214 per ton in 2022, jumping by 95% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 an increase of 146%. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($2,180 per ton), while the average price for exports to Poland ($873 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 Romania (+9.4%).
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria
For the fourth consecutive year, Bulgaria recorded growth in supplies from abroad of fertilizers, mineral or chemical, which increased by 161% to 22K tons in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fertilizers, mineral or chemical soared to $13M in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | 1.0 | 0.5 | 1.6 | 8.4 | 103.3% |
| Russia | N/A | N/A | N/A | 3.9 | 0% |
| Romania | N/A | 0.5 | N/A | 0.4 | -10.6% |
| Slovakia | 0.5 | 0.5 | 1.4 | N/A | 67.3% |
| Germany | N/A | 0.3 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 1.5 | 1.8 | 3.0 | 12.8 | 104.3% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Bulgaria in 2022:
- Greece (12.1K tons)
- Russia (8.7K tons)
- Romania (0.6K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria
In 2022, approx. 882 tons of fertilizers, mineral or chemical were exported from Bulgaria; dropping by -7.3% against the previous year's figure. Overall, exports continue to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 222% against the previous year.
In value terms, exports of fertilizers, mineral or chemical surged to $1.1M in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 694% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | 254 | 70.7 | 589 | 598 | 33.0% |
| Hungary | N/A | N/A | N/A | 357 | 0% |
| Poland | N/A | N/A | N/A | 104 | 0% |
| Others | 4.4 | 3.9 | 3.3 | 11.8 | 38.9% |
| Total | 258 | 74.6 | 592 | 1,071 | 60.7% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Bulgaria in 2022:
- Romania (598.1 tons)
- Hungary (163.9 tons)
- Poland (119.6 tons)
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