Price for Fertilizers; Mineral or Chemical, Phosphatic in Chile - 2023

Price for Fertilizers; Mineral or Chemical, Phosphatic in Chile (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $477 per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 88%. As a result, import price reached the peak level of $484 per ton, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($512 per ton), while the price for Mexico stood at $301 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%).

Price for Fertilizers; Mineral or Chemical, Phosphatic in Chile (FOB) - 2022

The average export price for fertilizers; mineral or chemical, phosphatics stood at $711 per ton in 2022, which is down by -15% against the previous year. In general, the export price saw a pronounced downturn. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $1,169 per ton in 2013; however, from 2014 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 Peru.

From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to -4.0% per year.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Chile

In 2022, purchases abroad of fertilizers; mineral or chemical, phosphatics decreased by -3.8% to 112K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of 118K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, fertilizers; mineral or chemical, phosphatic imports fell to $53M in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, imports attained the peak of $56M, and then reduced in the following year.

Import of Fertilizers; Mineral or Chemical, Phosphatic in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	14.4	22.4	55.8	47.4	48.8%
Mexico	12.7	7.9	0.1	5.8	-23.0%
Others	0.1	0.2	0.3	0.2	26.0%
Total	27.2	30.4	56.2	53.4	25.2%

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Chile in 2022:

China (92.5K tons)
Mexico (19.1K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Chile

In 2022, shipments abroad of fertilizers; mineral or chemical, phosphatics increased by 49% to 45 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a deep reduction.

In value terms, fertilizers; mineral or chemical, phosphatic exports soared to $32K in 2022. Overall, exports, however, showed a abrupt decrease.