Price for Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (CIF) - 2021
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (FOB) - 2021
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (CIF) - 2021
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $385 per ton in December 2021, rising by 22% against the previous month. In general, import price indicated buoyant growth from December 2020 to December 2021: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2021 figures, fertilizers; mineral or chemical, nitrogenous import price increased by +134.1% against February 2021 indices. The pace of growth was the most pronounced in April 2021 an increase of 32% month-to-month. The import price peaked in December 2021.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Malaysia ($1,069 per ton), while the price for Thailand ($259 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (FOB) - 2021
In December 2021, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $792 per ton, rising by 10% against the previous month. Overall, the export price enjoyed resilient growth. The pace of growth was the most pronounced in November 2021 an increase of 54% m-o-m. The export price peaked in December 2021.
There were significant differences in the average prices for the major external markets. In December 2021, the country with the highest price was Japan ($954 per ton), while the average price for exports to Cambodia ($527 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam
In 2022, approx. 1.5M tons of fertilizers; mineral or chemical, nitrogenoi were imported into Vietnam; dropping by -17.7% compared with the previous year. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. As a result, imports attained the peak of 1.8M tons, and then fell significantly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports fell markedly to $325M in 2022. Over the period under review, imports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. As a result, imports reached the peak of $469M, and then dropped significantly in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 125 | 120 | 291 | 202 | 17.3% |
| Indonesia | 57.1 | 9.6 | 77.4 | 53.6 | -2.1% |
| Malaysia | 45.8 | 10.3 | 29.5 | 20.4 | -23.6% |
| Japan | 14.4 | 12.9 | 21.5 | 14.9 | 1.1% |
| Taiwan (Chinese) | 11.5 | 7.7 | 20.5 | 14.2 | 7.3% |
| South Korea | 4.2 | 9.5 | 11.2 | 7.7 | 22.4% |
| Thailand | 5.0 | 2.9 | 3.0 | 2.5 | -20.6% |
| Others | 11.5 | 8.1 | 14.5 | 9.7 | -5.5% |
| Total | 275 | 180 | 469 | 325 | 5.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Vietnam in 2022:
- China (1020.9K tons)
- Indonesia (158.7K tons)
- Japan (96.6K tons)
- Taiwan (Chinese) (83.9K tons)
- Malaysia (70.2K tons)
- South Korea (28.5K tons)
- Thailand (20.1K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam
In 2022, after three years of growth, there was significant decline in overseas shipments of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -10.8% to 498K tons. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +61.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 45% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports reduced rapidly to $200M in 2022. In general, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 89%. As a result, the exports reached the peak of $261M, and then dropped significantly in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 49.0 | 57.4 | 101 | 86.6 | 20.9% |
| South Korea | 0.2 | N/A | 61.3 | 52.7 | 541.1% |
| Malaysia | 2.7 | 4.8 | 20.5 | 17.6 | 86.8% |
| Taiwan (Chinese) | 0.3 | 1.1 | 7.8 | 6.7 | 181.6% |
| Tanzania | N/A | 2.6 | 7.8 | 6.7 | 60.5% |
| Philippines | 1.1 | 4.5 | 7.4 | 6.3 | 78.9% |
| Australia | 3.9 | 9.3 | 6.6 | 5.6 | 12.8% |
| Indonesia | 10.7 | 1.7 | 4.2 | 4.6 | -24.5% |
| Thailand | 0.6 | 4.8 | 2.6 | 2.2 | 54.2% |
| Sri Lanka | 9.1 | N/A | 8.4 | N/A | -3.9% |
| India | 12.3 | 28.8 | N/A | N/A | 134.1% |
| Bangladesh | N/A | 7.5 | 14.3 | N/A | 90.7% |
| Brazil | N/A | 8.2 | N/A | N/A | 0% |
| Others | 4.2 | 7.6 | 19.7 | 10.6 | 36.2% |
| Total | 94.2 | 138 | 261 | 200 | 28.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Vietnam in 2022:
- Cambodia (263.7K tons)
- South Korea (79.5K tons)
- Malaysia (33.3K tons)
- Australia (22.3K tons)
- Tanzania (20.4K tons)
- Taiwan (Chinese) (19.2K tons)
- Philippines (16.7K tons)
- Indonesia (14.9K tons)
- Thailand (8.3K tons)
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