Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $7,235 per ton, rising by 34% against the previous year. Overall, the import price showed a significant expansion. The growth pace was the most rapid in 2018 an increase of 487% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($7,270 per ton), while the price for the United States stood at $7,219 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+43.4%), while the prices for the other major suppliers experienced a decline.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses imported into Azerbaijan expanded sharply to 6.4 tons, growing by 13% against the year before. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses skyrocketed to $46K in 2022. Over the period under review, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 154%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Azerbaijan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | N/A | 1.8 | 18.4 | 32.1 | 322.3% |
Turkey | 5.7 | 6.7 | 4.3 | 14.0 | 34.9% |
United Kingdom | 0.9 | 1.2 | 4.0 | N/A | 110.8% |
Lithuania | 0.7 | 1.1 | 3.7 | N/A | 129.9% |
Others | N/A | 1.2 | N/A | N/A | 0% |
Total | 7.3 | 12.0 | 30.4 | 46.2 | 85.0% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Azerbaijan in 2022:
- United States (4.5 tons)
- Turkey (1.9 tons)
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This report provides an in-depth analysis of the fertilizer market in Azerbaijan.
This report provides an in-depth analysis of the global mixed fertilizer market.
This report provides an in-depth analysis of the global monoammonium phosphate market.
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This report provides an in-depth analysis of the global diammonium phosphate market.
This report provides an in-depth analysis of the global fertilizer market.
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