Price for Fertilizers; Mineral or Chemical, Nitrogenous in India - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in India (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in India (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in India
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in India
Price for Fertilizers; Mineral or Chemical, Nitrogenous in India (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $288 per ton, with a decrease of -13.1% against the previous month. Overall, the import price showed a abrupt decline. The pace of growth appeared the most rapid in October 2022 an increase of 22% against the previous month. The import price peaked at $657 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Finland ($338 per ton) and Russia ($321 per ton), while the price for China ($233 per ton) and the United Arab Emirates ($281 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Algeria (+0.2%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in India (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $404 per ton in 2022, waning by -6.5% against the previous year. In general, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. The export price peaked at $473 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($812 per ton), while the average price for exports to Myanmar ($182 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 Malaysia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in India
In 2022, purchases abroad of fertilizers; mineral or chemical, nitrogenoi was finally on the rise to reach 11M tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible setback.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $8.6B in 2022. In general, imports posted 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, Nitrogenous in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,170 | 1,043 | 1,664 | 3,254 | 40.6% |
| Oman | 668 | 678 | 747 | 1,461 | 29.8% |
| Egypt | 196 | 302 | 407 | 795 | 59.5% |
| Ukraine | 131 | 251 | 387 | 758 | 79.5% |
| Qatar | 172 | 93.9 | 220 | 430 | 35.7% |
| Saudi Arabia | 145 | 90.5 | 219 | 429 | 43.6% |
| Indonesia | 189 | 203 | 201 | 389 | 27.2% |
| Bahrain | 89.9 | 72.1 | 186 | 363 | 59.2% |
| Russia | 97.8 | 45.3 | 70.1 | 139 | 12.4% |
| Others | 369 | 269 | 260 | 596 | 17.3% |
| Total | 3,228 | 3,047 | 4,361 | 8,614 | 38.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to India in 2022:
- China (3.5M tons)
- Oman (2.4M tons)
- Ukraine (1.0M tons)
- Saudi Arabia (0.9M tons)
- Egypt (0.8M tons)
- Indonesia (0.6M tons)
- Bahrain (0.4M tons)
- Qatar (0.4M tons)
- Russia (0.2M tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in India
Fertilizers; mineral or chemical, nitrogenous exports from India skyrocketed to 121K tons in 2022, surging by 147% against the year before. Overall, exports enjoyed a buoyant increase.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $49M in 2022. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 7.7 | 4.6 | 11.3 | 18.4 | 33.7% |
| Myanmar | 10.0 | 0.2 | 1.2 | 8.3 | -6.0% |
| Sri Lanka | 3.7 | 6.9 | 2.5 | 6.6 | 21.3% |
| Malaysia | 4.6 | 2.8 | 1.5 | 5.3 | 4.8% |
| Ethiopia | 0.9 | 1.7 | 1.0 | 1.8 | 26.0% |
| Oman | 1.7 | 0.8 | 0.1 | 1.6 | -2.0% |
| Kenya | 0.6 | 1.3 | 0.9 | 1.4 | 32.6% |
| Tanzania | 1.0 | N/A | 0.2 | 0.9 | -3.5% |
| Mozambique | 0.5 | 11.0 | N/A | N/A | 2100.0% |
| Senegal | N/A | 4.1 | N/A | N/A | 0% |
| Others | 2.2 | 4.1 | 2.5 | 4.5 | 26.9% |
| Total | 32.8 | 37.6 | 21.2 | 48.9 | 14.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from India in 2022:
- Myanmar (45.4K tons)
- Nepal (38.1K tons)
- Malaysia (9.1K tons)
- Sri Lanka (8.2K tons)
- Ethiopia (4.0K tons)
- Oman (3.9K tons)
- Tanzania (2.8K tons)
- Kenya (1.6K tons)
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