Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines
Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $14,028 per ton, surging by 89% against the previous year. Overall, the import price showed significant growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 793% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +15.7% per year.
Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines
In 2022, purchases abroad of fertilizers, mineral or chemical; containing nitrates and phosphateses decreased by -97.5% to 542 kg, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2020 when imports increased by 289%. As a result, imports reached the peak of 275 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses shrank significantly to $7.6K in 2022. In general, imports showed a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 268%. As a result, imports reached the peak of $229K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 2.3 | 4.0 | 7.6 | 81.8% |
| China | N/A | 227 | N/A | N/A | 0% |
| Belgium | 62.2 | N/A | 155 | N/A | 57.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 62.2 | 229 | 159 | 7.6 | -50.4% |
Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to the Philippines in 2022:
- Taiwan (Chinese) (542.0 kg)
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