Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (FOB) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $497 per ton, picking up by 112% against the previous year. Overall, the export price posted a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 New Zealand ($596 per ton), while the average price for exports to Malaysia ($189 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 Indonesia (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $531 per ton, waning by -41.1% against the previous year. In general, the import price, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2018 an increase of 3,005%. As a result, import price reached the peak level of $10,238 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,682 per ton), while the price for Japan ($261 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea
In 2022, exports of fertilizers, mineral or chemical from South Korea fell rapidly to 1.7K tons, reducing by -77.8% against the previous year. Over the period under review, exports continue to indicate a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 142%. As a result, the exports reached the peak of 7.7K tons, and then plummeted in the following year.
In value terms, exports of fertilizers, mineral or chemical dropped markedly to $844K in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 153% against the previous year. As a result, the exports reached the peak of $1.8M, and then dropped significantly in the following year.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | N/A | N/A | 39.9 | 305 | 664.4% |
| Indonesia | N/A | N/A | 7.6 | 227 | 2886.8% |
| Thailand | 507 | 240 | 266 | 227 | -23.5% |
| Japan | 292 | 460 | 703 | 57.2 | -41.9% |
| Malaysia | 43.7 | 10.5 | 28.2 | 27.7 | -14.1% |
| Vietnam | N/A | N/A | 753 | N/A | 0% |
| South Africa | 328 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,171 | 710 | 1,798 | 844 | -10.3% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from South Korea in 2022:
- New Zealand (511.8 tons)
- Indonesia (457.0 tons)
- Thailand (457.0 tons)
- Malaysia (146.2 tons)
- Japan (128.0 tons)
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea
After three years of growth, supplies from abroad of fertilizers, mineral or chemical decreased by -38.8% to 200 tons in 2022. In general, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 486%.
In value terms, imports of fertilizers, mineral or chemical shrank notably to $106K in 2022. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 931%.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | 264 | 66.0 | -75.0% |
| Japan | N/A | N/A | N/A | 16.4 | 0% |
| United States | 1.9 | N/A | N/A | 13.4 | 91.8% |
| China | N/A | N/A | N/A | 10.4 | 0% |
| United Kingdom | N/A | 140 | N/A | N/A | 0% |
| India | N/A | N/A | 31.4 | N/A | 0% |
| Netherlands | 11.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 13.6 | 140 | 295 | 106 | 98.3% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to South Korea in 2022:
- Vietnam (110.0 tons)
- Japan (63.0 tons)
- China (22.0 tons)
- United States (5.0 tons)
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