Price for Fertilizers; Mineral or Chemical, Nitrogenous in Canada - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Canada (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Canada (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Canada
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Canada
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Canada (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $661 per ton, surging by 70% against the previous year. Overall, the import price showed a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($795 per ton), while the price for Lithuania ($364 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Canada (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $438 per ton in June 2023, declining by -9.4% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth was the most pronounced in May 2023 an increase of 6% against the previous month. Over the period under review, the average export prices attained the peak figure at $652 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to -3.3% per month.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Canada
In 2022, imports of fertilizers; mineral or chemical, nitrogenoi into Canada rose remarkably to 2.1M tons, increasing by 11% against the previous year's figure. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $1.4B in 2022. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 118 | 106 | 286 | 533 | 65.3% |
| United States | 233 | 250 | 234 | 443 | 23.9% |
| Netherlands | 51.9 | 51.5 | 75.6 | 141 | 39.5% |
| Germany | 31.8 | 24.1 | 37.2 | 69.4 | 29.7% |
| Trinidad and Tobago | 17.5 | 14.8 | 36.7 | 68.5 | 57.6% |
| Estonia | 5.7 | 7.9 | 24.5 | 45.8 | 100.3% |
| Norway | 7.5 | 8.7 | 11.0 | 20.5 | 39.8% |
| Others | 60.8 | 35.7 | 44.8 | 92.9 | 15.2% |
| Total | 526 | 498 | 749 | 1,414 | 39.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Canada in 2022:
- United States (733.8K tons)
- Russia (670.2K tons)
- Netherlands (237.0K tons)
- Germany (129.8K tons)
- Trinidad and Tobago (120.8K tons)
- Estonia (86.7K tons)
- Norway (40.1K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Canada
In 2022, shipments abroad of fertilizers; mineral or chemical, nitrogenoi decreased by -18.7% to 1.7M tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2021 with an increase of 7.6% against the previous year. As a result, the exports reached the peak of 2.1M tons, and then reduced markedly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $973M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 542 | 518 | 731 | 968 | 21.3% |
| Others | 3.2 | 2.3 | 3.0 | 4.4 | 11.2% |
| Total | 545 | 521 | 734 | 973 | 21.3% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Canada in 2022:
- United States (1713.2K tons)
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