Price for Fertilizers; Mineral or Chemical, Phosphatic in the Philippines - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines
Price for Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $625 per ton in 2022, surging by 53% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 73% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 United States ($7,210 per ton), while the price for South Korea ($158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $333 per ton in 2022, surging by 16% against the previous year. Over the period under review, the export price continues to indicate temperate growth. The most prominent rate of growth was recorded in 2018 an increase of 38%. Over the period under review, the average export prices reached the peak figure at $568 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
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 the United Arab Emirates ($4,306 per ton), while the average price for exports to Cambodia ($187 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 the United Arab Emirates (+21.7%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines
Fertilizers; mineral or chemical, phosphatic imports into the Philippines surged to 6.4K tons in 2022, growing by 153% on 2021. Overall, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, phosphatic imports skyrocketed to $4M in 2022. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 689 | 676 | 390 | 1,700 | 35.1% |
| United States | 3.4 | 90.8 | 236 | 943 | 552.1% |
| China | 288 | 255 | 137 | 659 | 31.8% |
| Thailand | 128 | 140 | 202 | 630 | 70.1% |
| South Korea | 3.4 | 3.7 | 5.4 | 16.8 | 70.3% |
| Others | 37.2 | 18.2 | 71.9 | 73.5 | 25.5% |
| Total | 1,148 | 1,183 | 1,042 | 4,023 | 51.9% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to the Philippines in 2022:
- Indonesia (2.9K tons)
- Thailand (2.4K tons)
- China (0.7K tons)
- United States (0.1K tons)
- South Korea (0.1K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -23.6% to 382 tons. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 885%.
In value terms, fertilizers; mineral or chemical, phosphatic exports shrank to $127K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 631% against the previous year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 11.3 | 81.1 | 79.8 | 66.1 | 80.2% |
| United Arab Emirates | 1.9 | 21.8 | 46.2 | 45.7 | 188.7% |
| United States | 0.8 | 8.4 | 16.6 | 15.3 | 167.4% |
| Others | 1.2 | N/A | 0.2 | N/A | -59.2% |
| Total | 15.2 | 111 | 143 | 127 | 102.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from the Philippines in 2022:
- Cambodia (353.7 tons)
- United States (17.7 tons)
- United Arab Emirates (10.6 tons)
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