Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $544 per ton, surging by 19% against the previous year. In general, the import price recorded a perceptible expansion. The growth pace was the most rapid in 2015 when the average import price increased by 107%. The import price peaked at $753 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($731 per ton), while the price for Saudi Arabia ($514 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $1,082 per ton, declining by -15.3% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 241%. The export price peaked at $2,337 per ton in 2018; however, from 2019 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 Nepal ($2,402 per ton), while the average price for exports to Mauritius ($549 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 Bangladesh (+43.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India
In 2022, approx. 8.7K tons of fertilizers, mineral or chemical were imported into India; waning by -27.8% compared with the previous year's figure. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2021 with an increase of 104%. As a result, imports reached the peak of 12K tons, and then dropped sharply in the following year.
In value terms, imports of fertilizers, mineral or chemical shrank to $4.8M in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 182%. As a result, imports reached the peak of $5.6M, and then reduced in the following year.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 1.8 | 1.8 | 4.4 | 4.0 | 30.5% |
| United Arab Emirates | N/A | N/A | N/A | 0.4 | 0% |
| China | 0.5 | 0.2 | 0.9 | 0.4 | -7.2% |
| Japan | N/A | N/A | 0.2 | N/A | 0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 2.4 | 2.0 | 5.6 | 4.8 | 26.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to India in 2022:
- Saudi Arabia (7.7K tons)
- United Arab Emirates (0.5K tons)
- China (0.5K tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India
Exports of fertilizers, mineral or chemical from India declined remarkably to 67 tons in 2022, with a decrease of -86.5% compared with the year before. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 1,571% against the previous year. As a result, the exports reached the peak of 496 tons, and then declined sharply in the following year.
In value terms, exports of fertilizers, mineral or chemical shrank notably to $73K in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 4,233%. As a result, the exports reached the peak of $634K, and then dropped sharply in the following year.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | N/A | N/A | 588 | 41.2 | -93.0% |
| Nepal | 8.1 | 1.2 | N/A | 19.0 | 32.9% |
| Mauritius | 21.8 | 13.0 | 13.9 | 8.6 | -26.7% |
| South Korea | N/A | N/A | 31.4 | N/A | 0% |
| Others | 21.1 | 0.4 | 0.6 | 3.8 | -43.5% |
| Total | 51.0 | 14.6 | 634 | 72.6 | 12.5% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from India in 2022:
- Sri Lanka (42.8 tons)
- Mauritius (15.6 tons)
- Nepal (7.9 tons)
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