Price for Fertilizers; Mineral or Chemical, Nitrogenous in Serbia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Serbia (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Serbia (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Serbia
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Serbia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Serbia (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $391 per ton in December 2023, jumping by 24% against the previous month. Over the period under review, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 60% against the previous month. Over the period under review, average import prices hit record highs at $655 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($1,158 per ton), while the price for Russia ($305 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Romania (+9.5%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Serbia (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $300 per ton in December 2023, increasing by 2.3% against the previous month. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in July 2023 when the average export price increased by 16% month-to-month. Over the period under review, the average export prices attained the peak figure at $751 per ton in January 2023; however, from February 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was North Macedonia ($563 per ton), while the average price for exports to Hungary ($266 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to North Macedonia (-2.3%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Serbia
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Serbia skyrocketed to 807K tons, jumping by 107% on 2021. Over the period under review, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $431M in 2022. In general, imports showed a significant increase. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 45.0 | 58.4 | 64.6 | 207 | 66.3% |
| Austria | 10.7 | 13.6 | 11.3 | 39.1 | 54.0% |
| Hungary | 11.2 | 15.0 | 11.7 | 35.3 | 46.6% |
| China | N/A | N/A | 6.1 | 24.9 | 308.2% |
| Albania | N/A | N/A | N/A | 18.5 | 0% |
| Egypt | N/A | N/A | 0.7 | 17.0 | 2328.6% |
| Turkmenistan | N/A | 2.0 | 2.8 | 13.8 | 162.7% |
| Croatia | 28.0 | 24.3 | 13.1 | 12.4 | -23.8% |
| Bulgaria | 4.9 | 9.3 | 3.6 | 8.9 | 22.0% |
| Romania | 8.0 | 19.1 | 6.8 | 8.0 | 0.0% |
| Others | 6.0 | 7.3 | 19.9 | 45.4 | 96.3% |
| Total | 114 | 149 | 141 | 431 | 55.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Serbia in 2022:
- Russia (304.0K tons)
- Austria (149.6K tons)
- Hungary (108.2K tons)
- China (56.0K tons)
- Albania (36.6K tons)
- Egypt (23.2K tons)
- Turkmenistan (19.8K tons)
- Romania (16.1K tons)
- Croatia (14.7K tons)
- Bulgaria (12.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Serbia
After two years of decline, shipments abroad of fertilizers; mineral or chemical, nitrogenoi increased by 133% to 164K tons in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $101M in 2022. In general, exports recorded significant growth. 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 Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 7.4 | 3.8 | 10.1 | 39.6 | 74.9% |
| Bosnia and Herzegovina | 2.8 | 1.0 | 2.2 | 21.3 | 96.7% |
| Croatia | N/A | 0.1 | 0.5 | 17.2 | 1211.5% |
| Bulgaria | 1.1 | 0.5 | 2.6 | 4.3 | 57.5% |
| North Macedonia | 1.5 | 2.4 | 2.6 | 4.2 | 40.9% |
| Romania | 2.8 | 4.0 | 5.5 | 3.7 | 9.7% |
| Austria | N/A | N/A | N/A | 2.8 | 0% |
| Italy | 0.6 | 0.6 | 0.5 | 1.0 | 18.6% |
| Others | 1.5 | 1.5 | 1.9 | 6.8 | 65.5% |
| Total | 17.7 | 13.9 | 25.8 | 101 | 78.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Serbia in 2022:
- Hungary (67.2K tons)
- Bosnia and Herzegovina (26.5K tons)
- Croatia (22.0K tons)
- Romania (12.2K tons)
- North Macedonia (11.4K tons)
- Bulgaria (6.8K tons)
- Austria (5.3K tons)
- Italy (1.5K tons)
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