Price for Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $441 per ton, growing by 57% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $460 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Nigeria ($804 per ton), while the price for Oman ($126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $713 per ton in 2022, rising by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 43% against the previous year. The export price peaked in 2022 and is likely to see steady 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 Argentina ($3,416 per ton), while the average price for exports to Paraguay ($548 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 Argentina (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay
For the fourth consecutive year, Uruguay recorded growth in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, which increased by 68% to 772K tons in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 88% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $341M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Nigeria | N/A | N/A | 8.0 | 80.9 | 911.3% |
Turkmenistan | N/A | N/A | N/A | 53.2 | 0% |
China | 1.9 | 6.0 | 12.9 | 38.0 | 171.4% |
Algeria | 8.1 | 24.1 | 12.0 | 31.9 | 57.9% |
Russia | 2.6 | 9.9 | 22.0 | 27.7 | 120.0% |
Indonesia | N/A | N/A | 7.9 | 26.3 | 232.9% |
Lithuania | N/A | 0.4 | 2.8 | 13.7 | 485.2% |
Oman | 0.1 | 0.1 | 17.2 | 13.3 | 410.4% |
Qatar | 1.6 | 1.3 | 9.9 | 12.8 | 100.0% |
Brazil | 0.8 | 1.8 | 2.8 | 8.4 | 119.0% |
United Arab Emirates | 0.6 | 1.1 | 7.9 | 6.8 | 124.6% |
United States | 2.4 | 4.6 | 5.0 | 6.2 | 37.2% |
Egypt | 5.7 | 4.1 | 16.2 | N/A | 68.6% |
Others | 3.0 | 2.6 | 5.0 | 21.8 | 93.7% |
Total | 26.7 | 55.8 | 129 | 341 | 133.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Uruguay in 2022:
- China (185.7K tons)
- Oman (105.6K tons)
- Nigeria (100.7K tons)
- Russia (81.6K tons)
- Turkmenistan (67.4K tons)
- Lithuania (53.2K tons)
- Algeria (40.3K tons)
- Indonesia (37.8K tons)
- United States (21.3K tons)
- United Arab Emirates (21.2K tons)
- Qatar (19.8K tons)
- Brazil (10.6K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay
Fertilizers; mineral or chemical, nitrogenous exports from Uruguay surged to 3.7K tons in 2022, jumping by 35% on the year before. Overall, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2021 with an increase of 101% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $2.6M in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 101% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
Export of Fertilizers; Mineral or Chemical, Nitrogenous in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Paraguay | 647 | 1.7 | 761 | 1,602 | 35.3% |
Free Zones | 496 | 517 | 601 | 636 | 8.6% |
Argentina | N/A | 52.1 | 105 | 258 | 122.5% |
Brazil | 163 | 274 | 257 | N/A | 25.6% |
Others | 297 | 48.2 | 71.8 | 125 | -25.1% |
Total | 1,603 | 893 | 1,796 | 2,622 | 17.8% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Uruguay in 2022:
- Paraguay (2925.1 tons)
- Free Zones (603.9 tons)
- Argentina (75.6 tons)
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