Price for Fertilizers; Mineral or Chemical, Phosphatic in Belarus - 2022

Price for Fertilizers; Mineral or Chemical, Phosphatic in Belarus (FOB) - 2022

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $347 per ton, waning by -4% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of 37%. Over the period under review, the average export prices reached the maximum at $515 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($744 per ton), while the average price for exports to Malaysia ($276 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 Cambodia (+9.5%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Belarus (CIF) - 2022

The average import price for fertilizers; mineral or chemical, phosphatics stood at $91 per ton in 2022, increasing by 72% against the previous year. Overall, the import price, however, faced a abrupt decline. The import price peaked at $527 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +34.5% per year.

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Belarus

In 2022, approx. 3.3K tons of fertilizers; mineral or chemical, phosphatics were exported from Belarus; which is down by -37% compared with the previous year's figure. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 286% against the previous year. As a result, the exports attained the peak of 5.2K tons, and then fell rapidly in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic exports dropped remarkably to $1.1M in 2022. Over the period under review, exports, however, showed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 378%. As a result, the exports attained the peak of $1.9M, and then dropped notably in the following year.

Export of Fertilizers; Mineral or Chemical, Phosphatic in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	390	295	1,313	772	25.6%
Nigeria	115	89.9	414	252	29.9%
Cambodia	16.7	8.2	75.4	45.9	40.1%
Others	N/A	N/A	75.5	65.6	-13.1%
Total	521	393	1,878	1,136	29.7%

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Belarus in 2022:

Malaysia (2794.8 tons)
Nigeria (338.7 tons)
Cambodia (76.7 tons)

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Belarus

In 2022, purchases abroad of fertilizers; mineral or chemical, phosphatics decreased by -38.9% to 675 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 51%. As a result, imports reached the peak of 1.1K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fertilizers; mineral or chemical, phosphatic imports rose sharply to $61K in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. As a result, imports attained the peak of $64K. From 2021 to 2022, the growth of imports remained at a lower figure.