Price for Fertilizers; Mineral or Chemical, Phosphatic in Australia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Australia (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Australia (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Australia
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Australia
Price for Fertilizers; Mineral or Chemical, Phosphatic in Australia (CIF) - 2023
In June 2023, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $227 per ton, shrinking by -28.7% against the previous month. Overall, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 42% against the previous month. Over the period under review, average import prices attained the peak figure at $458 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.8% per month.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Australia (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $3,684 per ton in 2022, rising by 40% against the previous year. Over the period under review, the export price recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 112%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($5,607 per ton), while the average price for exports to the United States totaled $1,384 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Australia
Fertilizers; mineral or chemical, phosphatic imports into Australia fell to 242K tons in 2022, reducing by -13.7% on the year before. Overall, imports showed a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports reached the peak of 281K tons, and then reduced in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $93M in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 when imports increased by 83%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.7 | 33.9 | 62.5 | 92.0 | 18.9% |
| Qatar | 5.5 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.6 | 0.8 | 1.1 | 30.1% |
| Total | 60.7 | 34.5 | 63.3 | 93.1 | 15.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Australia in 2022:
- China (240.2K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Australia
In 2022, approx. 125 tons of fertilizers; mineral or chemical, phosphatics were exported from Australia; dropping by -36.4% against the previous year's figure. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year.
In value terms, fertilizers; mineral or chemical, phosphatic exports fell to $460K in 2022. In general, exports, however, enjoyed a pronounced increase. The pace of growth was the most pronounced in 2021 when exports increased by 254%. As a result, the exports reached the peak of $517K, and then declined in the following year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 278 | 27.7 | 378 | 381 | 11.1% |
| United States | 85.4 | 58.7 | 68.9 | 78.6 | -2.7% |
| United Arab Emirates | N/A | 56.3 | 35.5 | N/A | -36.9% |
| Turkey | 31.0 | N/A | N/A | N/A | 0% |
| Others | 4.0 | 3.4 | 34.7 | N/A | 194.5% |
| Total | 398 | 146 | 517 | 460 | 4.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Australia in 2022:
- New Zealand (67.9 tons)
- United States (56.8 tons)
259
This report provides an in-depth analysis of the phosphatic fertilizer market in Australia.
302
This report provides an in-depth analysis of the global phosphatic fertilizer market.
259
This report provides an in-depth analysis of the phosphatic fertilizer market in Australia.
302
This report provides an in-depth analysis of the global phosphatic fertilizer market.
150
Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
150
Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
