Price for Fertilizers; Mineral or Chemical, Nitrogenous in Singapore - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (CIF) - 2022
In September 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $1,468 per ton, shrinking by -40% against the previous month. Overall, the import price, however, showed a noticeable increase. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 87% against the previous month. As a result, import price reached the peak level of $2,448 per ton, and then dropped dramatically in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($7,308 per ton), while the price for China ($902 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by China (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $227 per ton in 2022, rising by 14% against the previous year. In general, the export price, however, saw a abrupt downturn. Over the period under review, the average export prices reached the peak figure at $483 per ton in 2013; however, from 2014 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 Bangladesh ($317 per ton), while the average price for exports to Malaysia ($93 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 Nepal (+251.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore
Fertilizers; mineral or chemical, nitrogenous imports into Singapore reduced modestly to 19K tons in 2022, with a decrease of -3.5% compared with the year before. Overall, imports saw a deep downturn.
In value terms, fertilizers; mineral or chemical, nitrogenous imports fell rapidly to $9M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44%. As a result, imports reached the peak of $11M, and then declined markedly in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 6.5 | 0.8 | 4.8 | 4.3 | -12.9% |
| Russia | 2.1 | 5.3 | 4.6 | 3.9 | 22.9% |
| Malaysia | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Georgia | N/A | 0.5 | 0.2 | N/A | -60.0% |
| Others | 0.4 | 0.6 | 0.8 | 0.6 | 14.5% |
| Total | 9.2 | 7.4 | 10.7 | 9.0 | -0.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Singapore in 2022:
- Russia (14.6K tons)
- Qatar (3.5K tons)
- Malaysia (0.3K tons)
- China (0.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore
In 2022, after two years of decline, there was significant growth in shipments abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume increased by 131% to 115K tons. Over the period under review, exports, however, recorded a deep downturn.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $26M in 2022. Overall, exports, however, faced a precipitous descent.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 35.7 | 27.7 | 5.6 | 16.4 | -22.8% |
| Malaysia | 4.7 | 2.3 | 0.9 | 2.2 | -22.4% |
| Zimbabwe | 0.6 | 0.5 | 0.9 | 2.2 | 54.2% |
| Zambia | 3.4 | 3.9 | 0.7 | 1.9 | -17.6% |
| Mozambique | 2.3 | 1.7 | 0.3 | 0.8 | -29.7% |
| Colombia | 2.0 | 1.4 | 0.3 | 0.7 | -29.5% |
| Indonesia | 1.5 | 0.6 | N/A | 0.3 | -41.5% |
| Tanzania | 1.2 | 0.7 | 0.1 | 0.2 | -45.0% |
| Thailand | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Others | 3.9 | 3.3 | 1.1 | 1.1 | -34.4% |
| Total | 55.4 | 42.3 | 9.9 | 26.1 | -22.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Singapore in 2022:
- Bangladesh (51.8K tons)
- Malaysia (23.6K tons)
- Zambia (8.6K tons)
- Zimbabwe (7.3K tons)
- Mozambique (6.5K tons)
- Colombia (6.5K tons)
- Indonesia (2.0K tons)
- Tanzania (1.9K tons)
- Thailand (1.9K tons)
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