Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (CIF) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (FOB) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $1,073 per ton, growing by 49% against the previous year. Over the period under review, the import price saw notable growth. The most prominent rate of growth was recorded in 2021 an increase of 94%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($1,313 per ton), while the price for India stood at $1,013 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+80.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (FOB) - 2022
In 2022, the average export price for fertilizers, mineral or chemical amounted to $1,326 per ton, jumping by 93% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Maldives.
From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +7.5% per year.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka
In 2022, the amount of fertilizers, mineral or chemical imported into Sri Lanka contracted significantly to 54 tons, reducing by -93.4% on the previous year. Over the period under review, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when imports increased by 1,935% against the previous year. As a result, imports reached the peak of 814 tons, and then fell notably in the following year.
In value terms, imports of fertilizers, mineral or chemical contracted notably to $58K in 2022. In general, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 3,857%. As a result, imports reached the peak of $588K, and then dropped markedly in the following year.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.6 | 14.2 | 563 | 44.8 | 100.0% |
| China | 18.5 | 0.4 | 23.8 | 12.3 | -12.7% |
| Philippines | 156 | N/A | N/A | N/A | 0% |
| Netherlands | 17.0 | 0.3 | N/A | N/A | -98.2% |
| Others | 1.1 | N/A | 1.2 | 0.7 | -14.0% |
| Total | 198 | 14.9 | 588 | 57.7 | -33.7% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Sri Lanka in 2022:
- India (44.2 tons)
- China (9.3 tons)
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka
For the third consecutive year, Sri Lanka recorded decline in overseas shipments of fertilizers, mineral or chemical, which decreased by -41.8% to 1.3 tons in 2022. Over the period under review, exports recorded a sharp descent. The smallest decline of -23.7% was in 2020.
In value terms, exports of fertilizers, mineral or chemical reached $1.7K in 2022. The total export value increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 1.3 | 1.4 | 1.5 | 1.7 | 9.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 1.4 | 1.5 | 1.7 | 9.4% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Sri Lanka in 2022:
- Maldives (1.3 tons)
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