Price for Fertilizers; Mineral or Chemical, Nitrogenous in Portugal - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Portugal (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Portugal (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Portugal
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Portugal
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Portugal (CIF) - 2023
In June 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $441 per ton, with a decrease of -7.9% against the previous month. Overall, the import price recorded a pronounced contraction. The pace of growth appeared the most rapid in September 2022 an increase of 12% m-o-m. As a result, import price reached the peak level of $814 per ton. From October 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Russia ($442 per ton), while the price for Spain amounted to $437 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (-3.5%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Portugal (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $490 per ton in June 2023, dropping by -15.4% against the previous month. In general, the export price recorded a mild decrease. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 13% against the previous month. As a result, the export price reached the peak level of $669 per ton. From October 2022 to June 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Denmark ($562 per ton) and Ecuador ($542 per ton), while the average price for exports to Spain ($379 per ton) and Morocco ($438 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Portugal
For the fourth year in a row, Portugal recorded growth in supplies from abroad of fertilizers; mineral or chemical, nitrogenoi, which increased by 2.1% to 311K tons in 2022. The total import volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 13%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $236M in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 97%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 47.7 | 36.8 | 40.4 | 90.6 | 23.8% |
| Egypt | 1.7 | 10.2 | 50.2 | 67.6 | 241.3% |
| Algeria | 0.7 | 4.3 | 8.8 | 34.4 | 266.3% |
| Russia | 5.1 | 4.8 | 8.8 | 20.4 | 58.7% |
| Netherlands | 4.4 | 2.1 | 4.8 | 5.9 | 10.3% |
| Slovakia | 0.8 | 0.8 | 1.6 | 5.4 | 89.0% |
| Belgium | 2.5 | 2.5 | 10.0 | 2.8 | 3.8% |
| Germany | 15.4 | 10.7 | 3.2 | 2.7 | -44.0% |
| Others | 6.0 | 2.0 | 18.2 | 6.4 | 2.2% |
| Total | 84.3 | 74.2 | 146 | 236 | 40.9% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Portugal in 2022:
- Spain (127.9K tons)
- Egypt (70.3K tons)
- Algeria (38.4K tons)
- Russia (23.5K tons)
- Slovakia (19.8K tons)
- Netherlands (9.6K tons)
- Germany (8.1K tons)
- Belgium (4.6K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Portugal
Fertilizers; mineral or chemical, nitrogenous exports from Portugal skyrocketed to 426K tons in 2022, jumping by 87% compared with the year before. In general, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $171M in 2022. Overall, exports enjoyed a significant increase. 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 in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 26.4 | 28.9 | 49.1 | 97.6 | 54.6% |
| France | 5.2 | 2.7 | 4.1 | 19.9 | 56.4% |
| Ireland | 3.4 | 0.7 | 2.7 | 17.1 | 71.3% |
| United Kingdom | 0.8 | 1.0 | 4.2 | 5.1 | 85.4% |
| Morocco | 0.7 | 1.2 | 1.5 | 3.4 | 69.4% |
| Netherlands | 0.1 | 0.1 | 0.1 | 3.2 | 217.5% |
| Estonia | 0.1 | N/A | N/A | 3.0 | 210.7% |
| Australia | 1.3 | 0.9 | 0.6 | 3.0 | 32.1% |
| Germany | 2.3 | 2.1 | 0.2 | 2.6 | 4.2% |
| Peru | 0.2 | 0.4 | N/A | 1.5 | 95.7% |
| Others | 6.4 | 6.7 | 6.3 | 14.4 | 31.0% |
| Total | 46.6 | 44.7 | 68.9 | 171 | 54.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Portugal in 2022:
- Spain (235.2K tons)
- Ireland (45.4K tons)
- France (39.1K tons)
- United Kingdom (17.6K tons)
- Morocco (12.3K tons)
- Australia (11.2K tons)
- Netherlands (7.8K tons)
- Estonia (7.8K tons)
- Germany (7.1K tons)
- Peru (6.9K tons)
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