Price for Fertilizers; Mineral or Chemical, Phosphatic in Thailand - 2023

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

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $235 per ton, which is down by -2.7% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 0.1%. The export price peaked at $589 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Lao People's Democratic Republic.

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +4.9% per year.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Thailand (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $87 per ton, which is down by -24.3% against the previous year. In general, the import price faced a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 74% against the previous year. The import price peaked at $419 per ton in 2012; however, from 2013 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 China ($230 per ton), while the price for Egypt amounted to $50 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-1.0%), while the prices for the other major suppliers experienced a decline.

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Thailand

In 2022, overseas shipments of fertilizers; mineral or chemical, phosphatics decreased by -77.9% to 694 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2020 with an increase of 40% against the previous year. As a result, the exports attained the peak of 28K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fertilizers; mineral or chemical, phosphatic exports dropped markedly to $163K in 2022. Overall, exports faced a dramatic contraction. The pace of growth was the most pronounced in 2020 with an increase of 16%. As a result, the exports attained the peak of $7.6M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Fertilizers; Mineral or Chemical, Phosphatic in Thailand (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Lao People's Democratic Republic	6.4	7.5	0.7	0.2	-68.5%
Others	0.1	N/A	N/A	N/A	0%
Total	6.5	7.6	0.8	0.2	-68.7%

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

Lao People's Democratic Republic (693.7 tons)

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Thailand

In 2022, approx. 8.3K tons of fertilizers; mineral or chemical, phosphatics were imported into Thailand; picking up by 97% compared with the year before. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, fertilizers; mineral or chemical, phosphatic imports skyrocketed to $722K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +57.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.