Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (FOB) - 2024
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (FOB) - 2024
In January 2024, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $492 per ton, remaining stable against the previous month. In general, the export price, however, recorded a noticeable setback. The pace of growth was the most pronounced in September 2023 an increase of 3.8% month-to-month. The export price peaked at $704 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In January 2024, the country with the highest price was Lao People's Democratic Republic ($499 per ton), while the average price for exports to Cambodia totaled $466 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+0.7%).
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (CIF) - 2022
The average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses stood at $2,318 per ton in 2022, jumping by 27% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 88% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for France.
From 2012 to 2022, the rate of growth in terms of prices for France amounted to +50.7% per year.
Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand
In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Thailand shrank dramatically to 6.7K tons, falling by -67.5% on 2021 figures. In general, exports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7.5%. As a result, the exports reached the peak of 21K tons, and then fell markedly in the following year.
In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses shrank markedly to $4.3M in 2022. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $8.9M, and then shrank remarkably in the following year.
| Export of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 2.3 | 4.3 | 6.6 | 2.7 | 5.5% |
| Cambodia | 6.2 | 2.6 | 2.3 | 1.5 | -37.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.5 | 6.9 | 8.9 | 4.3 | -20.3% |
Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Thailand in 2022:
- Lao People's Democratic Republic (4.2K tons)
- Cambodia (2.5K tons)
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand
For the third year in a row, Thailand recorded decline in supplies from abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses, which decreased by -41.7% to 11 tons in 2022. Overall, imports faced a precipitous shrinkage. The smallest decline of -13.5% was in 2021.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses contracted sharply to $26K in 2022. In general, imports saw a sharp contraction. The pace of growth was the most pronounced in 2021 when imports increased by 44%.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 55.3 | 24.1 | 17.3 | 26.1 | -22.1% |
| Spain | N/A | N/A | 17.8 | N/A | 0% |
| Others | 0.1 | 0.4 | N/A | N/A | 300.0% |
| Total | 55.4 | 24.4 | 35.1 | 26.1 | -22.2% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Thailand in 2022:
- France (11.3 tons)
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