Price for Fertilizers; Mineral or Chemical, Phosphatic in India - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in India (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in India (CIF) - 2023
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in India
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in India
Price for Fertilizers; Mineral or Chemical, Phosphatic in India (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $244 per ton, surging by 27% against the previous year. Over the period under review, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2017 when the average export price increased by 46%. Over the period under review, the average export prices attained the maximum at $385 per ton in 2014; however, from 2015 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 Nepal ($295 per ton), while the average price for exports to Malaysia stood at $158 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+39.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fertilizers; Mineral or Chemical, Phosphatic in India (CIF) - 2023
The average import price for fertilizers; mineral or chemical, phosphatics stood at $449 per ton in June 2023, which is down by -75.2% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 643% against the previous month. Over the period under review, average import prices reached the maximum at $7,083 per ton in August 2022; however, from September 2022 to June 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($463 per ton), while the price for Egypt stood at $434 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Poland (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers; Mineral or Chemical, Phosphatic in India
In 2022, approx. 50K tons of fertilizers; mineral or chemical, phosphatics were exported from India; jumping by 326% against the previous year's figure. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, phosphatic exports soared to $12M in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 3.0 | 3.5 | 1.0 | 9.1 | 44.8% |
| Malaysia | N/A | 0.1 | 0.6 | 2.8 | 429.2% |
| Niger | N/A | 1.7 | 0.6 | N/A | -64.7% |
| Others | 0.5 | 0.1 | 0.1 | 0.3 | -15.7% |
| Total | 3.5 | 5.5 | 2.2 | 12.1 | 51.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from India in 2022:
- Nepal (30.7K tons)
- Malaysia (17.8K tons)
Imports of Fertilizers; Mineral or Chemical, Phosphatic in India
In 2022, approx. 112 tons of fertilizers; mineral or chemical, phosphatics were imported into India; dropping by -57.1% against the previous year. Over the period under review, imports showed a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year.
In value terms, fertilizers; mineral or chemical, phosphatic imports contracted notably to $290K in 2022. Overall, imports saw a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 236% against the previous year.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 308 | 95.7 | 33.4 | 265 | -4.9% |
| France | 2.3 | 21.4 | 13.4 | 24.8 | 120.9% |
| Spain | 224 | N/A | N/A | N/A | 0% |
| Belgium | N/A | 58.7 | 185 | N/A | 215.2% |
| Malaysia | 152 | N/A | 358 | N/A | 53.5% |
| Others | 1.0 | N/A | 0.5 | N/A | -29.3% |
| Total | 687 | 176 | 590 | 290 | -25.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to India in 2022:
- China (102.9 tons)
- France (9.3 tons)
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