Price for Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $281 per ton, which is down by -10.9% against the previous year. Overall, the import price saw a slight reduction. The growth pace was the most rapid in 2021 when the average import price increased by 18% against the previous year. The import price peaked at $324 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United Arab Emirates ($289 per ton) and Oman ($284 per ton), while the price for Egypt ($232 per ton) and Qatar ($256 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $463 per ton in 2022, surging by 3% against the previous year. Over the period under review, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous export price decreased by -3.5% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 49%. The export price peaked at $480 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($595 per ton), while the average price for exports to Malaysia stood at $453 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.6%).
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka
In 2022, fertilizers; mineral or chemical, nitrogenous imports into Sri Lanka surged to 438K tons, growing by 86% on the year before. Over the period under review, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 135% against the previous year. As a result, imports reached the peak of 642K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $123M in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 170%. As a result, imports reached the peak of $172M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.5 | 73.4 | 24.4 | 42.8 | 23.9% |
| Saudi Arabia | 1.6 | 27.2 | 14.9 | 20.9 | 135.5% |
| United Arab Emirates | 15.1 | 13.0 | 1.6 | 12.7 | -5.6% |
| Indonesia | 7.8 | 19.2 | 4.5 | 11.5 | 13.8% |
| Oman | 4.2 | 9.2 | 6.2 | 8.7 | 27.5% |
| Qatar | 2.5 | 8.5 | 4.7 | 6.6 | 38.2% |
| Iran | 2.5 | 6.3 | 3.8 | 5.9 | 33.1% |
| Egypt | 2.7 | 4.6 | 3.3 | 4.6 | 19.4% |
| Ukraine | 2.7 | 6.0 | 3.2 | 4.4 | 17.7% |
| Others | 2.1 | 4.6 | 7.5 | 5.0 | 33.5% |
| Total | 63.8 | 172 | 74.3 | 123 | 24.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Sri Lanka in 2022:
- China (164.2K tons)
- Saudi Arabia (80.3K tons)
- United Arab Emirates (44.1K tons)
- Indonesia (40.5K tons)
- Oman (30.7K tons)
- Qatar (25.6K tons)
- Egypt (19.9K tons)
- Ukraine (13.1K tons)
- Iran (7.8K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka
In 2022, fertilizers; mineral or chemical, nitrogenous exports from Sri Lanka shrank to 151 tons, waning by -10.5% against the previous year's figure. In general, exports recorded a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports dropped to $70K in 2022. Overall, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 75.5 | 46.2 | 66.3 | 63.6 | -5.6% |
| Maldives | 87.1 | 17.4 | 6.6 | 6.4 | -58.1% |
| Others | 1.4 | 0.3 | 3.0 | 0.1 | -58.5% |
| Total | 164 | 64.0 | 75.9 | 70.0 | -24.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Sri Lanka in 2022:
- Malaysia (140.4 tons)
- Maldives (10.7 tons)
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