Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $250 per ton in 2022, shrinking by -17.8% against the previous year. Overall, the import price recorded a perceptible setback. The growth pace was the most rapid in 2021 when the average import price increased by 58% against the previous year. The import price peaked at $377 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Italy ($558 per ton), while the price for Ukraine ($95 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $913 per ton, dropping by -4.3% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 export price increased by +63.6% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 56%. Over the period under review, the average export prices reached the maximum at $953 per ton in 2021, 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 Bolivia ($1,874 per ton), while the average price for exports to Peru ($668 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 Sudan (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador
In 2022, after three years of growth, there was decline in supplies from abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -1.3% to 478K tons. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 15% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports reduced dramatically to $119M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +31.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 61% against the previous year. As a result, imports reached the peak of $147M, and then declined notably in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 48.3 | 45.5 | 70.5 | 59.9 | 7.4% |
| China | 15.6 | 19.0 | 33.3 | 28.3 | 22.0% |
| Italy | 0.5 | 0.9 | 7.5 | 6.4 | 133.9% |
| Netherlands | 4.6 | 2.5 | 4.5 | 3.8 | -6.2% |
| Estonia | 6.3 | 3.8 | 4.2 | 3.7 | -16.3% |
| Indonesia | 1.3 | 3.0 | 4.1 | 3.5 | 39.1% |
| Belarus | 0.9 | 2.9 | 2.6 | 2.2 | 34.7% |
| Colombia | 0.9 | 1.3 | 2.0 | 1.7 | 23.6% |
| Others | 12.5 | 12.7 | 18.5 | 10.0 | -7.2% |
| Total | 90.9 | 91.7 | 147 | 119 | 9.4% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Ecuador in 2022:
- Russia (225.1K tons)
- China (139.3K tons)
- Estonia (19.3K tons)
- Netherlands (13.4K tons)
- Indonesia (12.2K tons)
- Italy (11.5K tons)
- Belarus (11.3K tons)
- Colombia (9.7K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador
In 2022, after two years of decline, there was significant growth in shipments abroad of fertilizers; mineral or chemical, nitrogenoi, when their volume increased by 70% to 446 tons. In general, exports, however, showed a abrupt decrease.
In value terms, fertilizers; mineral or chemical, nitrogenous exports surged to $407K in 2022. Overall, exports, however, showed a deep contraction.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 296 | 250 | 143 | 196 | -12.8% |
| Chile | 242 | 163 | 57.8 | 82.3 | -30.2% |
| Bolivia | N/A | N/A | N/A | 58.2 | 0% |
| Dominican Republic | 71.3 | 74.6 | 22.8 | 31.4 | -23.9% |
| Colombia | 51.8 | 35.3 | 14.3 | 19.7 | -27.5% |
| Sudan | 15.9 | 18.0 | 6.3 | 10.0 | -14.3% |
| Others | 13.4 | 22.5 | 6.2 | 9.3 | -11.5% |
| Total | 690 | 564 | 250 | 407 | -16.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Ecuador in 2022:
- Peru (293.6 tons)
- Chile (52.3 tons)
- Dominican Republic (32.1 tons)
- Bolivia (31.1 tons)
- Colombia (23.1 tons)
- Sudan (7.1 tons)
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