Price for Fertilizers; Mineral or Chemical, Phosphatic in China - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in China (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Phosphatic in China (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in China
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in China
Price for Fertilizers; Mineral or Chemical, Phosphatic in China (FOB) - 2023
In June 2023, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $286 per ton, declining by -10.8% against the previous month. Over the period under review, the export price saw a perceptible descent. The growth pace was the most rapid in October 2022 when the average export price increased by 32% against the previous month. As a result, the export price attained the peak level of $666 per ton. From November 2022 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Vietnam ($362 per ton), while the average price for exports to Australia ($199 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Phosphatic in China (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $2,406 per ton, falling by -26.8% against the previous year. Overall, the import price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 628%. The import price peaked at $3,983 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($3,533 per ton), while the price for Morocco stood at $259 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+0.2%).
Exports of Fertilizers; Mineral or Chemical, Phosphatic in China
Fertilizers; mineral or chemical, phosphatic exports from China dropped rapidly to 963K tons in 2022, reducing by -53% against the year before. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 39%. As a result, the exports reached the peak of 2M tons, and then plummeted in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined remarkably to $427M in 2022. Overall, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, the exports reached the peak of $616M, and then shrank sharply in the following year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 84.8 | 44.7 | 303 | 245 | 42.4% |
| Australia | 49.8 | 43.1 | 54.4 | 64.9 | 9.2% |
| Argentina | 19.5 | 26.2 | 24.0 | 46.6 | 33.7% |
| Indonesia | 121 | 70.8 | 93.5 | 37.0 | -32.6% |
| Japan | 18.7 | 21.2 | 19.7 | 23.1 | 7.3% |
| South Korea | 1.3 | 2.4 | 1.9 | 4.2 | 47.8% |
| Sri Lanka | 21.6 | 20.3 | 4.9 | N/A | -52.4% |
| Chile | 13.1 | 17.1 | 44.1 | N/A | 83.5% |
| Bangladesh | N/A | 15.0 | 30.0 | N/A | 100.0% |
| Iran | 107 | 14.6 | N/A | N/A | -86.4% |
| Others | 45.4 | 32.1 | 39.6 | 6.8 | -46.9% |
| Total | 483 | 308 | 616 | 427 | -4.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from China in 2022:
- Brazil (495.8K tons)
- Australia (208.9K tons)
- Argentina (117.3K tons)
- Indonesia (73.7K tons)
- Japan (40.9K tons)
- South Korea (15.4K tons)
Imports of Fertilizers; Mineral or Chemical, Phosphatic in China
In 2022, the amount of fertilizers; mineral or chemical, phosphatics imported into China surged to 152 tons, with an increase of 20% compared with the previous year. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2021 with an increase of 21,026% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, fertilizers; mineral or chemical, phosphatic imports shrank to $365K in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 19,090%.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 228 | 2.0 | 348 | 351 | 15.5% |
| Morocco | N/A | N/A | N/A | 13.5 | 0% |
| Japan | 13.9 | 0.1 | N/A | N/A | -99.3% |
| South Africa | 215 | N/A | 35.2 | N/A | -59.5% |
| Taiwan (Chinese) | 3.0 | N/A | 33.0 | N/A | 231.7% |
| Others | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Total | 460 | 2.2 | 416 | 365 | -7.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to China in 2022:
- United Kingdom (99.4 tons)
- Morocco (52.2 tons)
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