Price for Fertilizers; Mineral or Chemical, Phosphatic in Belgium - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Belgium (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Belgium (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Belgium
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Belgium
Price for Fertilizers; Mineral or Chemical, Phosphatic in Belgium (CIF) - 2023
In June 2023, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $522 per ton, with an increase of 7.6% against the previous month. Overall, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in April 2023 an increase of 121% month-to-month. Over the period under review, average import prices attained the peak figure at $958 per ton in August 2022; however, from September 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($1,187 per ton), while the price for Germany ($99.0 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Belgium (FOB) - 2023
In May 2023, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $246 per ton, reducing by -13.4% against the previous month. Over the period under review, the export price, however, enjoyed a notable increase. The pace of growth appeared the most rapid in June 2022 when the average export price increased by 273% month-to-month. As a result, the export price attained the peak level of $526 per ton. From July 2022 to May 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was France ($1,312 per ton), while the average price for exports to the Netherlands ($180 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Belgium
In 2022, after three years of growth, there was significant decline in supplies from abroad of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -59.2% to 24K tons. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 31%.
In value terms, fertilizers; mineral or chemical, phosphatic imports dropped notably to $12M in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of $23M, and then declined significantly in the following year.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | 9.3 | 11.3 | 12.2 | 5.5 | -16.1% |
| Netherlands | 2.1 | 1.3 | 3.4 | 3.8 | 21.9% |
| Spain | N/A | N/A | N/A | 1.8 | 0% |
| France | 0.3 | 0.6 | 2.7 | 0.9 | 44.2% |
| Germany | 0.4 | 0.4 | 0.5 | 0.2 | -20.6% |
| Egypt | N/A | N/A | 2.1 | N/A | 0% |
| Others | 0.1 | 0.1 | 1.7 | N/A | 312.3% |
| Total | 12.1 | 13.6 | 22.7 | 12.1 | 0.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Belgium in 2022:
- Morocco (12.7K tons)
- Netherlands (5.5K tons)
- Spain (4.4K tons)
- France (1.6K tons)
- Germany (0.3K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Belgium
In 2022, exports of fertilizers; mineral or chemical, phosphatics from Belgium shrank dramatically to 33K tons, reducing by -43.1% against 2021 figures. In general, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 9.2%.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined notably to $11M in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 60%. As a result, the exports reached the peak of $21M, and then shrank significantly in the following year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.0 | 6.8 | 13.7 | 5.9 | -9.7% |
| Germany | 3.5 | 4.6 | 5.0 | 2.1 | -15.7% |
| Netherlands | 2.1 | 0.8 | 1.2 | 1.4 | -12.6% |
| Switzerland | 0.4 | 0.1 | 0.4 | 0.4 | 0.0% |
| Lithuania | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Suriname | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Others | 0.1 | 0.3 | 0.2 | 0.6 | 81.7% |
| Total | 14.3 | 13.0 | 20.7 | 10.9 | -8.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Belgium in 2022:
- France (17.6K tons)
- Netherlands (7.5K tons)
- Germany (4.3K tons)
- Switzerland (1.1K tons)
- Lithuania (0.7K tons)
- Suriname (0.7K tons)
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