Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $610 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,828 per ton), while the price for Tanzania stood at $502 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-5.7%).
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar
In 2022, the amount of fertilizers, mineral or chemical; containing nitrates and phosphateses imported into Qatar totaled 24 tons, approximately reflecting the previous year. In general, imports saw a relatively flat trend pattern. Imports peaked 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 dropped significantly to $15K in 2022. Over the period under review, imports recorded a precipitous slump.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Qatar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Tanzania | N/A | 11.6 | 0% | ||
| Italy | N/A | 1.5 | 0% | ||
| Spain | 29.3 | N/A | 0% | ||
| Others | N/A | 1.5 | 0% | ||
| Total | 29.3 | 14.6 | -50.2% | ||
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Qatar in 2022:
- Tanzania (23.2 tons)
- Italy (0.4 tons)
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The most significant increase in growth occurred in February 2023, with a month-to-month import boost of 546%. However, the value of Mixed Fertilizer imports dropped to $432K in August 2023.
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Monoammonium phosphate (MAP) is a widely used fertiliser that provides essential nutrients to plants, promoting healthy growth and increasing crop yields. This article explores the top import markets for MAP, including Brazil, Canada, Australia, Argentina, the United States, India, South Africa, Mexico, Paraguay, and Japan. These countries have significant agricultural industries and high demand for MAP to support their crop productivity.
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Global trade in NPK fertilizers steadily rises, with the leading exporters, Russia and Norway, ramp up supplies actively.
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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.
