Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $683 per ton, increasing by 33% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 114%. As a result, import price attained the peak level of $872 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($921 per ton), while the price for the United States ($520 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+75.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait
In 2022, purchases abroad of fertilizers, mineral or chemical decreased by -31.6% to 69 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 448% against the previous year.
In value terms, imports of fertilizers, mineral or chemical reduced to $47K in 2022. In general, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 208%.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.2 | 24.8 | 37.9 | 30.9 | 94.5% |
| Egypt | 0.3 | 2.9 | 10.9 | 7.4 | 191.1% |
| Turkey | N/A | 0.2 | N/A | 5.7 | 433.9% |
| United States | 0.2 | 0.9 | 1.3 | 1.1 | 76.5% |
| Saudi Arabia | 0.4 | 1.1 | 0.5 | 1.0 | 35.7% |
| Others | 4.9 | 0.9 | 1.1 | 1.0 | -41.1% |
| Total | 10.0 | 30.8 | 51.7 | 47.2 | 67.7% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Kuwait in 2022:
- China (47.6 tons)
- Egypt (11.3 tons)
- Turkey (6.2 tons)
- United States (2.1 tons)
- Saudi Arabia (1.5 tons)
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