Ecuador - NPK Fertilizers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNPK Fertilizer Price in Ecuador - 2022
Contents:
- NPK Fertilizer Price in Ecuador (CIF) - 2022
- NPK Fertilizer Price in Ecuador (FOB) - 2022
- NPK Fertilizer Imports in Ecuador
- NPK Fertilizer Exports in Ecuador
NPK Fertilizer Price in Ecuador (CIF) - 2022
The average NPK fertilizer import price stood at $1,136 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, NPK fertilizer import price increased by +132.2% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 44%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,241 per ton), while the price for Portugal ($521 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.
NPK Fertilizer Price in Ecuador (FOB) - 2022
In January 2022, the average NPK fertilizer export price amounted to $969 per ton, rising by 7% against the previous month. Over the period under review, the export price, however, saw a abrupt setback. The most prominent rate of growth was recorded in October 2021 when the average export price increased by 91% m-o-m. Over the period under review, the average export prices hit record highs at $3,086 per ton in June 2021; however, from July 2021 to January 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Peru ($5,717 per ton), while the average price for exports to Nicaragua ($563 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
NPK Fertilizer Imports in Ecuador
In 2022, overseas purchases of mixed nitrogen, phosphorus and potassium (NPK) fertilizers decreased by -16.4% to 27K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 11% against the previous year. As a result, imports reached the peak of 39K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, NPK fertilizer imports reached $31M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 9.5% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of NPK Fertilizer in Ecuador (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Chile | 4.5 | 8.2 | 8.5 | 7.4 | 18.0% |
Germany | 3.3 | 3.7 | 3.8 | 4.2 | 8.4% |
Norway | 2.6 | 1.8 | 2.6 | 3.4 | 9.4% |
Colombia | 1.2 | 1.8 | 5.3 | 3.0 | 35.7% |
United States | 3.3 | 3.0 | 2.4 | 2.7 | -6.5% |
China | 1.0 | 0.7 | 0.7 | 1.9 | 23.9% |
Spain | 1.7 | 1.8 | 1.4 | 1.6 | -2.0% |
Finland | N/A | 0.1 | 0.2 | 1.2 | 246.4% |
Netherlands | 0.2 | 0.8 | 0.6 | 0.7 | 51.8% |
Guatemala | N/A | 0.2 | 0.3 | 0.6 | 73.2% |
Russia | 0.8 | 1.1 | 0.6 | 0.5 | -14.5% |
Portugal | 0.4 | 0.1 | 0.1 | 0.3 | -9.1% |
Switzerland | N/A | N/A | N/A | 0.3 | 0% |
Others | 6.7 | 2.8 | 2.2 | 3.2 | -21.8% |
Total | 25.7 | 26.1 | 28.6 | 31.1 | 6.6% |
Top Suppliers of NPK Fertilizer to Ecuador in 2022:
- Chile (6.1K tons)
- Norway (4.4K tons)
- Colombia (3.6K tons)
- Germany (3.1K tons)
- China (2.8K tons)
- Finland (1.3K tons)
- Russia (0.8K tons)
- Spain (0.8K tons)
- Netherlands (0.6K tons)
- Portugal (0.5K tons)
- Guatemala (0.5K tons)
- Switzerland (0.5K tons)
- United States (0.4K tons)
NPK Fertilizer Exports in Ecuador
NPK fertilizer exports from Ecuador surged to 4.1K tons in 2022, growing by 127% on the year before. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 965% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, NPK fertilizer exports soared to $5.6M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 591%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
Export of NPK Fertilizer in Ecuador (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Dominican Republic | 182 | 32.5 | N/A | 1,646 | 108.3% |
Peru | 29.9 | N/A | 6.6 | 1,579 | 275.2% |
Colombia | N/A | 5.2 | 149 | 748 | 1099.4% |
Nicaragua | 39.8 | 48.4 | 49.2 | 733 | 164.1% |
Honduras | N/A | 10.1 | 45.7 | 632 | 691.0% |
Guatemala | N/A | N/A | N/A | 96.7 | 0% |
Bolivia | 312 | 210 | 1,851 | 67.8 | -39.9% |
Malaysia | 62.9 | 51.7 | 308 | N/A | 121.3% |
Others | 184 | 35.5 | 310 | 111 | -15.5% |
Total | 810 | 394 | 2,720 | 5,615 | 90.7% |
Top Export Markets for NPK Fertilizer from Ecuador in 2022:
- Dominican Republic (1411.5 tons)
- Colombia (961.5 tons)
- Peru (876.1 tons)
- Honduras (350.9 tons)
- Nicaragua (260.8 tons)
- Guatemala (155.2 tons)
- Bolivia (19.0 tons)
This report provides an in-depth analysis of the npk fertilizer market in Ecuador. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 4021 - NPK fertilizers
Country coverage:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.
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