Price for Ammonia; Anhydrous or in Aqueous Solution in Portugal - 2023

Contents:

  1. Price for Ammonia; Anhydrous or in Aqueous Solution in Portugal (CIF) - 2023
  2. Price for Ammonia; Anhydrous or in Aqueous Solution in Portugal (FOB) - 2022
  3. Imports of Ammonia; Anhydrous or in Aqueous Solution in Portugal
  4. Exports of Ammonia; Anhydrous or in Aqueous Solution in Portugal

Price for Ammonia; Anhydrous or in Aqueous Solution in Portugal (CIF) - 2023

The average import price for ammonia; anhydrous or in aqueous solutia stood at $464 per ton in September 2023, rising by 27% against the previous month. Overall, the import price, however, saw a abrupt downturn. The pace of growth was the most pronounced in April 2023 an increase of 56% m-o-m. Over the period under review, average import prices attained the maximum at $1,036 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From December 2022 to September 2023, the rate of growth in terms of prices for Oman amounted to 0.0% per month.

Price for Ammonia; Anhydrous or in Aqueous Solution in Portugal (FOB) - 2022

The average export price for ammonia; anhydrous or in aqueous solutia stood at $602 per ton in 2022, growing by 16% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,512 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to -2.2% per year.

Imports of Ammonia; Anhydrous or in Aqueous Solution in Portugal

In 2022, approx. 368K tons of ammonia; anhydrous or in aqueous solutia were imported into Portugal; picking up by 90% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ammonia; anhydrous or in aqueous solutia surged to $273M in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Ammonia; Anhydrous or in Aqueous Solution in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Algeria26.217.676.013572.7%
Spain24.924.327.661.134.9%
LibyaN/AN/AN/A23.00%
EgyptN/AN/AN/A17.10%
United StatesN/AN/AN/A14.60%
IndonesiaN/AN/AN/A11.20%
BrazilN/AN/AN/A8.10%
Trinidad and Tobago1.33.72.7N/A44.1%
Others0.10.10.23.3220.8%
Total52.445.710627373.4%

Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to Portugal in 2022:

  1. Algeria (240.4K tons)
  2. Spain (61.8K tons)
  3. Libya (19.1K tons)
  4. Egypt (15.0K tons)
  5. United States (11.9K tons)
  6. Indonesia (10.0K tons)
  7. Brazil (7.0K tons)

Exports of Ammonia; Anhydrous or in Aqueous Solution in Portugal

In 2022, the amount of ammonia; anhydrous or in aqueous solutia exported from Portugal skyrocketed to 94K tons, picking up by 461% compared with the previous year's figure. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 2,219% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of ammonia; anhydrous or in aqueous solutia surged to $57M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 1,474% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Ammonia; Anhydrous or in Aqueous Solution in Portugal (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/A0.58.656.5963.0%
OthersN/A0.1N/AN/A0%
Total0.10.58.756.5726.7%

Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from Portugal in 2022:

  1. Spain (94.0K tons)

Source: IndexBox Market Intelligence Platform

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