Price for Fertilizers; Mineral or Chemical, Nitrogenous in the UK - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the UK (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the UK (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the UK
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the UK
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the UK (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $355 per ton in 2022, surging by 7.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 60% against the previous year. The import price peaked at $369 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Russia ($887 per ton), while the price for Belarus ($174 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the UK (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $1,024 per ton in 2022, surging by 78% against the previous year. Overall, the export price enjoyed a prominent increase. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($2,376 per ton), while the average price for exports to Belgium ($390 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 Latvia (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the UK
In 2022, purchases abroad of fertilizers; mineral or chemical, nitrogenoi was finally on the rise to reach 6.6M tons after two years of decline. Over the period under review, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $2.4B in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 137 | 106 | 175 | 500 | 54.0% |
| Egypt | 21.4 | 15.6 | 96.3 | 275 | 134.2% |
| Belgium | 93.2 | 87.4 | 84.3 | 244 | 37.8% |
| Germany | 83.6 | 51.7 | 80.3 | 230 | 40.1% |
| Russia | 61.7 | 56.2 | 70.0 | 200 | 48.0% |
| Poland | 41.9 | 49.8 | 65.7 | 188 | 64.9% |
| France | 24.0 | 37.4 | 59.1 | 169 | 91.7% |
| Lithuania | 57.1 | 30.4 | 58.3 | 167 | 43.0% |
| Belarus | 7.4 | 25.8 | 25.3 | 72.5 | 114.0% |
| Spain | 17.8 | 8.1 | 24.6 | 70.4 | 58.1% |
| Algeria | 21.6 | 32.7 | 2.4 | 51.6 | 33.7% |
| Others | 40.8 | 26.3 | 75.6 | 192 | 67.6% |
| Total | 607 | 527 | 817 | 2,359 | 57.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to the UK in 2022:
- Netherlands (1507.6K tons)
- Egypt (1153.1K tons)
- Germany (684.7K tons)
- France (487.1K tons)
- Lithuania (482.5K tons)
- Belgium (446.7K tons)
- Poland (429.8K tons)
- Belarus (417.4K tons)
- Russia (225.9K tons)
- Spain (205.1K tons)
- Algeria (177.9K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the UK
In 2022, fertilizers; mineral or chemical, nitrogenous exports from the UK surged to 195K tons, picking up by 16% compared with the previous year. Over the period under review, exports, however, showed a slight descent. The pace of growth was the most pronounced in 2020 when exports increased by 44%. As a result, the exports reached the peak of 295K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $200M in 2022. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 22.5 | 24.9 | 28.2 | 57.5 | 36.7% |
| France | 6.3 | 4.9 | 8.5 | 17.3 | 40.0% |
| Spain | 2.9 | 10.0 | 8.2 | 16.7 | 79.2% |
| Poland | 5.9 | 7.1 | 7.5 | 15.2 | 37.1% |
| Lithuania | 1.5 | 7.5 | 5.3 | 10.8 | 93.1% |
| Morocco | 0.1 | 8.5 | 5.2 | 10.5 | 371.8% |
| Netherlands | 6.1 | 5.8 | 2.0 | 9.3 | 15.1% |
| Estonia | 1.6 | 3.1 | 4.3 | 8.7 | 75.8% |
| Sweden | 0.1 | 1.1 | 3.4 | 6.9 | 310.2% |
| Italy | 1.2 | 2.0 | 1.0 | 2.8 | 32.6% |
| Belgium | 1.2 | 1.7 | 0.7 | 2.4 | 26.0% |
| Latvia | N/A | 5.2 | 4.9 | N/A | -5.8% |
| Others | 17.3 | 15.9 | 18.0 | 41.8 | 34.2% |
| Total | 66.8 | 97.6 | 97.1 | 200 | 44.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from the UK in 2022:
- Ireland (70.3K tons)
- France (20.7K tons)
- Spain (20.1K tons)
- Poland (19.7K tons)
- Lithuania (14.7K tons)
- Netherlands (8.8K tons)
- Estonia (8.3K tons)
- Belgium (6.0K tons)
- Sweden (5.4K tons)
- Morocco (4.4K tons)
- Italy (3.2K tons)
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