Price for Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR
Price for Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $452 per ton, declining by -2.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 63%. Over the period under review, the average export prices reached the maximum at $463 per ton in 2021, and then dropped slightly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($3,850 per ton), while the average price for exports to Papua New Guinea ($380 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 Sri Lanka (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $253 per ton, falling by -1.9% against the previous year. Over the period under review, the import price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 60% against the previous year. Over the period under review, average import prices reached the peak figure at $458 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($159 per ton), while the price for the United States ($137 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-9.7%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR
In 2022, fertilizers; mineral or chemical, phosphatic exports from Hong Kong SAR reduced rapidly to 2K tons, falling by -15.9% against 2021. In general, exports continue to indicate a perceptible decline. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of 2.4K tons, and then shrank notably in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic exports shrank rapidly to $911K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. As a result, the exports attained the peak of $1.1M, and then fell notably in the following year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 457 | 296 | 402 | 720 | 16.4% |
| Malaysia | 65.8 | 40.8 | 52.9 | 90.8 | 11.3% |
| Canada | N/A | 333 | 597 | N/A | 79.3% |
| Others | 76.3 | 41.3 | 59.9 | 100 | 9.4% |
| Total | 599 | 711 | 1,112 | 911 | 15.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Hong Kong SAR in 2022:
- Papua New Guinea (1893.3 tons)
- Malaysia (97.2 tons)
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in purchases abroad of fertilizers; mineral or chemical, phosphatics, when their volume increased by 10% to 8.9 tons. Overall, imports, however, showed a abrupt shrinkage.
In value terms, fertilizers; mineral or chemical, phosphatic imports expanded sharply to $2.2K in 2022. Over the period under review, imports, however, faced a abrupt setback.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Hong Kong SAR (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,943 | 1,007 | 1,395 | 835 | -34.3% |
| China | 1,101 | 362 | 483 | 278 | -36.8% |
| Spain | 194 | 94.0 | 186 | 158 | -6.6% |
| Canada | N/A | 931 | N/A | N/A | 0% |
| Others | 23.0 | 9.0 | 15.0 | 971 | 248.2% |
| Total | 4,261 | 2,403 | 2,079 | 2,242 | -19.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Hong Kong SAR in 2022:
- United States (6.1 tons)
- China (1.8 tons)
- Spain (1.0 tons)
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