Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belarus - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (FOB) - 2022
In April 2021, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $222 per ton, growing by 18% against the previous month. Over the last three months, it increased at an average monthly rate of +7.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In April 2021, the country with the highest price was Ukraine ($222 per ton), while the average price for exports to Lithuania totaled $192 per ton.
From January 2021 to April 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (CIF) - 2022
In April 2021, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $282 per ton, increasing by 5.4% against the previous month. Over the period from January 2021 to April 2021, it increased at an average monthly rate of +9.4%. The growth pace was the most rapid in March 2021 when the average import price increased by 20% against the previous month. Over the period under review, average import prices hit record highs in April 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($286 per ton), while the price for Poland totaled $179 per ton.
From January 2021 to April 2021, the most notable rate of growth in terms of prices was attained by Russia (+9.5%).
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus
After three years of growth, overseas shipments of fertilizers; mineral or chemical, nitrogenoi decreased by -19.7% to 1.1M tons in 2022. The total export volume increased at an average annual rate of +3.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of 1.4M tons, and then reduced notably in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports shrank sharply to $270M in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 98%. As a result, the exports reached the peak of $358M, and then fell notably in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 66.0 | 43.6 | 114 | 85.6 | 9.1% |
| France | 48.1 | 50.4 | 101 | 76.0 | 16.5% |
| Brazil | 14.0 | 12.9 | 31.5 | 23.6 | 19.0% |
| Netherlands | 3.0 | 15.6 | 31.4 | 23.6 | 98.9% |
| Lithuania | 13.3 | 14.1 | 28.3 | 21.2 | 16.8% |
| Poland | 13.3 | 11.8 | 25.5 | 19.1 | 12.8% |
| Ecuador | 1.5 | 3.9 | 13.8 | 10.4 | 90.7% |
| United Kingdom | 6.7 | 13.5 | N/A | N/A | 101.5% |
| Others | 20.9 | 15.2 | 12.6 | 10.2 | -21.3% |
| Total | 187 | 181 | 358 | 270 | 13.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Belarus in 2022:
- France (412.0K tons)
- Ukraine (339.4K tons)
- Netherlands (105.1K tons)
- Lithuania (90.3K tons)
- Poland (69.7K tons)
- Brazil (66.2K tons)
- Ecuador (29.8K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus
In 2022, after three years of growth, there was significant decline in purchases abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -11.4% to 201K tons. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 44%.
In value terms, fertilizers; mineral or chemical, nitrogenous imports declined markedly to $59M in 2022. Over the period under review, imports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 149%. As a result, imports reached the peak of $84M, and then declined significantly in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 1.1 | 1.6 | 2.4 | 24.7 | 182.1% |
| Czech Republic | 0.1 | 0.1 | 0.1 | 2.9 | 207.2% |
| China | N/A | N/A | N/A | 1.8 | 0% |
| Lithuania | 0.6 | 0.6 | 0.5 | 1.5 | 35.7% |
| Russia | 22.6 | 28.7 | 77.7 | N/A | 85.4% |
| Others | 2.3 | 2.6 | 3.1 | 27.8 | 129.5% |
| Total | 26.7 | 33.6 | 83.8 | 58.7 | 30.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Belarus in 2022:
- Poland (85.0K tons)
- Lithuania (10.6K tons)
- Czech Republic (7.5K tons)
- China (2.3K tons)
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