Price for Fertilizers; Mineral or Chemical, Nitrogenous in the United States - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the United States (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in the United States (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the United States
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the United States
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the United States (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $245 per ton in July 2023, reducing by -17.2% against the previous month. In general, the import price recorded a abrupt slump. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 8.9% month-to-month. As a result, import price reached the peak level of $522 per ton. From December 2022 to July 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($951 per ton), while the price for Norway ($112 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.0%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in the United States (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $419 per ton, picking up by 42% against the previous year. In general, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous export price increased by +98.5% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($701 per ton), while the average price for exports to Argentina ($99 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 Lithuania (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in the United States
In 2022, approx. 9.6M tons of fertilizers; mineral or chemical, nitrogenoi were imported into the United States; declining by -16.3% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 39%. As a result, imports attained the peak of 11M tons, and then reduced remarkably in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $4.5B in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 104%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 526 | 453 | 669 | 1,008 | 24.2% |
| Russia | 535 | 317 | 731 | 922 | 19.9% |
| Qatar | 438 | 285 | 496 | 769 | 20.6% |
| Saudi Arabia | 157 | 134 | 244 | 392 | 35.7% |
| Nigeria | 12.8 | 9.3 | 14.6 | 236 | 164.2% |
| Algeria | 122 | 72.9 | 340 | 193 | 16.5% |
| Trinidad and Tobago | 215 | 141 | 326 | 181 | -5.6% |
| Norway | 89.8 | 42.9 | 79.1 | 153 | 19.4% |
| Belgium | 20.0 | 18.4 | 43.9 | 133 | 88.1% |
| Others | 309 | 315 | 700 | 548 | 21.0% |
| Total | 2,425 | 1,788 | 3,643 | 4,536 | 23.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to the United States in 2022:
- Russia (1837.0K tons)
- Canada (1836.1K tons)
- Qatar (1695.5K tons)
- Saudi Arabia (765.8K tons)
- Belgium (668.5K tons)
- Trinidad and Tobago (593.3K tons)
- Norway (561.9K tons)
- Nigeria (309.6K tons)
- Algeria (297.8K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in the United States
In 2022, after two years of decline, there was significant growth in overseas shipments of fertilizers; mineral or chemical, nitrogenoi, when their volume increased by 163% to 5.1M tons. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $2.1B in 2022. Over the period under review, exports enjoyed significant growth. 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 254 | 279 | 268 | 760 | 44.1% |
| Mexico | 84.5 | 90.7 | 87.4 | 263 | 46.0% |
| France | 27.9 | 0.1 | 0.4 | 229 | 101.7% |
| Brazil | 36.8 | 41.8 | 71.3 | 115 | 46.2% |
| Belgium | 3.1 | 1.0 | 2.0 | 97.6 | 215.8% |
| Lithuania | N/A | N/A | N/A | 92.4 | 0% |
| Chile | 51.5 | 46.4 | 2.9 | 88.6 | 19.8% |
| Australia | 1.3 | 2.4 | 2.0 | 79.1 | 293.3% |
| Argentina | 38.6 | 43.1 | 22.2 | 48.2 | 7.7% |
| Colombia | 11.6 | 19.4 | 8.8 | 37.5 | 47.9% |
| Honduras | 4.4 | 4.3 | 7.9 | 37.0 | 103.4% |
| Peru | 19.5 | 12.8 | 24.9 | 31.7 | 17.6% |
| Uruguay | 3.8 | 5.1 | 9.7 | 28.9 | 96.7% |
| Others | 55.2 | 58.4 | 66.7 | 231 | 61.1% |
| Total | 593 | 605 | 574 | 2,139 | 53.4% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from the United States in 2022:
- Canada (1083.4K tons)
- France (561.0K tons)
- Chile (506.7K tons)
- Argentina (484.8K tons)
- Mexico (431.1K tons)
- Brazil (265.0K tons)
- Colombia (241.2K tons)
- Honduras (233.1K tons)
- Lithuania (217.8K tons)
- Uruguay (193.7K tons)
- Belgium (193.4K tons)
- Australia (129.0K tons)
- Peru (124.8K tons)
560
This report provides an in-depth analysis of the ammonium nitrate market in the U.S..
840
This report provides an in-depth analysis of the urea market in the U.S..
769
This report provides an in-depth analysis of the nitrogenous fertilizer market in the U.S..
536
This report provides an in-depth analysis of the sodium nitrate market in the U.S..
495
This report provides an in-depth analysis of the market for calcium ammonium nitrate (can) in the U.S..
620
This report provides an in-depth analysis of the ammonium sulphate market in the U.S..
278
This report provides an in-depth analysis of the market for mixtures of urea and ammonium nitrate in aqueous or ammoniacal solution in the U.S..
710
This report provides an in-depth analysis of the fertilizer market in the U.S..
280
This report provides an in-depth analysis of the market for iron or steel can in the U.S..
997
This report provides an in-depth analysis of the global ammonium nitrate market.
909
In July 2022, the ammonium nitrate price per ton amounted to $477 per ton, growing by 7.5% against the previous month.
3172
In May 2022, the ammonium nitrate price per ton amounted to $409 per ton, surging by 36% against the previous month.
406
Learn how to successfully enter the urea market in the United States with this comprehensive guide. Discover strategies for market research, competitive pricing, branding, and more to capitalize on the growing demand for urea in the agricultural industry.
678
In July 2022, the urea price per ton stood at $532 per ton, shrinking by -5.7% against the previous month.
1579
In May 2022, the urea price per ton amounted to $704 per ton, surging by 70% against the previous month.
1657
In August 2022, the sodium nitrate price per ton stood at $596, waning by -53.8% against the previous month.
3046
In July 2022, the ammonium sulphate price per ton amounted to $592, with an increase of 6.4% against the previous month.
495
Ammonium sulphate imports into the U.S. soared to 803K tons in 2020, with an increase of 63% against the year before. In value terms, purchases skyrocketed to $178M.
1148
In June 2022, the fertilizer price per tonstood at $587 per ton, falling by -3.7% against the previous month.
78
The global market for ammonium nitrate is expected to experience steady growth over the next seven years, with market volume projected to reach 31M tons and market value expected to reach $15.8B by the end of 2030. The market is forecasted to see a CAGR of +3.0% in volume and +5.5% in value from 2023 to 2030.
