Price for Fertilizers; Mineral or Chemical, Phosphatic in Malaysia - 2021

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Malaysia (CIF) - 2021
2. Price for Fertilizers; Mineral or Chemical, Phosphatic in Malaysia (FOB) - 2022
3. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Malaysia
4. Exports of Fertilizers; Mineral or Chemical, Phosphatic in Malaysia

Price for Fertilizers; Mineral or Chemical, Phosphatic in Malaysia (CIF) - 2021

In December 2021, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $195 per ton, surging by 65% against the previous month. In general, the import price continues to indicate temperate growth. The most prominent rate of growth was recorded in January 2021 when the average import price increased by 77% month-to-month. Over the period under review, average import prices attained the peak figure at $251 per ton in June 2021; however, from July 2021 to December 2021, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($595 per ton), while the price for Egypt ($101 per ton) was amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $420 per ton, picking up by 30% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 an increase of 71%. The export price peaked at $636 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,513 per ton), while the average price for exports to Indonesia ($205 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 Singapore (+12.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Malaysia

In 2022, after three years of growth, there was significant decline in overseas purchases of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -12% to 302K tons. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 37% against the previous year. As a result, imports attained the peak of 344K tons, and then declined in the following year.

In value terms, fertilizers; mineral or chemical, phosphatic imports dropped markedly to $38M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 61%. As a result, imports attained the peak of $47M, and then shrank rapidly in the following year.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Malaysia in 2022:

1. Egypt (180.9K tons)
2. Australia (49.4K tons)
3. Algeria (22.3K tons)
4. Vietnam (20.0K tons)
5. China (15.5K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Malaysia

Fertilizers; mineral or chemical, phosphatic exports from Malaysia shrank markedly to 1.1K tons in 2022, falling by -46.2% compared with 2021 figures. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 156%.

In value terms, fertilizers; mineral or chemical, phosphatic exports dropped dramatically to $456K in 2022. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 148% against the previous year.

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

1. Indonesia (797.5 tons)
2. Singapore (166.0 tons)
3. Thailand (120.9 tons)

Source: IndexBox Market Intelligence Platform