Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $666 per ton, surging by 7.3% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous import price increased by +34.1% against 2017 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Qatar ($1,444 per ton), while the price for Egypt ($198 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $490 per ton in 2022, with a decrease of -2.4% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 141% against the previous year. As a result, the export price reached the peak level of $502 per ton, and then reduced modestly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,087 per ton), while the average price for exports to Thailand ($405 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh
In 2022, fertilizers; mineral or chemical, nitrogenous imports into Bangladesh shrank sharply to 609K tons, waning by -32.3% compared with 2021 figures. Overall, imports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 49%. As a result, imports attained the peak of 899K tons, and then shrank rapidly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports declined sharply to $405M in 2022. In general, imports, however, posted a measured increase. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. As a result, imports reached the peak of $558M, and then declined rapidly in the following year.
Import of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Qatar | 116 | 57.8 | 152 | 177 | 15.1% |
Saudi Arabia | 94.5 | 65.9 | 254 | 129 | 10.9% |
Jordan | N/A | 23.5 | 33.6 | 36.8 | 25.1% |
Egypt | 39.0 | 41.4 | 48.9 | 28.4 | -10.0% |
China | 97.1 | 51.3 | 49.0 | 23.0 | -38.1% |
Vietnam | 7.5 | 5.8 | 11.9 | 6.0 | -7.2% |
Indonesia | 6.6 | 6.5 | 7.2 | 3.9 | -16.1% |
Others | 1.3 | 1.0 | 1.3 | 1.1 | -5.4% |
Total | 362 | 253 | 558 | 405 | 3.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Bangladesh in 2022:
- Saudi Arabia (192.7K tons)
- Egypt (143.2K tons)
- Qatar (122.5K tons)
- China (90.6K tons)
- Jordan (28.8K tons)
- Vietnam (20.7K tons)
- Indonesia (7.9K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh
In 2022, approx. 27K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Bangladesh; reducing by -47.8% compared with the year before. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 2,225% against the previous year. As a result, the exports reached the peak of 52K tons, and then declined notably in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports shrank markedly to $13M in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 5,506% against the previous year. As a result, the exports attained the peak of $26M, and then reduced markedly in the following year.
Export of Fertilizers; Mineral or Chemical, Nitrogenous in Bangladesh (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
India | 0.7 | 0.3 | 3.8 | 7.9 | 124.3% |
Thailand | 0.6 | 0.2 | 2.8 | 5.3 | 106.7% |
Nepal | N/A | N/A | 19.5 | N/A | 0% |
Others | N/A | N/A | N/A | 0.1 | 0% |
Total | 1.3 | 0.5 | 26.1 | 13.3 | 117.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Bangladesh in 2022:
- India (14.1K tons)
- Thailand (13.0K tons)
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