Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $923 per ton in 2022, with a decrease of -17.9% against the previous year. Overall, the import price, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 an increase of 893%. As a result, import price attained the peak level of $1,124 per ton, and then fell dramatically in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Jordan ($913 per ton) and Mexico ($913 per ton), while the price for China ($913 per ton) and Turkey ($913 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait
Imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Kuwait surged to 1.2K tons in 2022, increasing by 124% compared with the previous year's figure. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,030% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $1.1M in 2022. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 11,122% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Saudi Arabia | N/A | 112 | 642 | 473.2% | |
| Jordan | N/A | 127 | 181 | 42.5% | |
| Belgium | N/A | 98.9 | 153 | 54.7% | |
| Chile | N/A | 44.9 | 58.3 | 29.8% | |
| Turkey | N/A | N/A | 28.6 | 0% | |
| Mexico | N/A | N/A | 21.5 | 0% | |
| Spain | N/A | 151 | 16.0 | -89.4% | |
| China | 5.4 | N/A | 5.7 | 2.7% | |
| United Arab Emirates | N/A | 39.1 | N/A | 0% | |
| Others | N/A | 35.8 | 15.7 | -56.1% | |
| Total | 5.4 | 610 | 1,122 | 1341.4% | |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Kuwait in 2022:
- Saudi Arabia (703.2 tons)
- Jordan (197.8 tons)
- Belgium (167.7 tons)
- Chile (63.8 tons)
- Turkey (31.3 tons)
- Mexico (23.6 tons)
- China (6.2 tons)
- Spain (4.5 tons)
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