Price for Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $257 per ton in June 2023, leveling off at the previous month. In general, the import price, however, saw a noticeable slump. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 46% against the previous month. The import price peaked at $457 per ton in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -2.2% per month.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $534 per ton in 2022, waning by -9.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 an increase of 81%. The export price peaked at $1,152 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($3,675 per ton), while the average price for exports to Macao SAR stood at $335 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.0%), while the prices for the other major destinations experienced a decline.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR
Fertilizers; mineral or chemical, nitrogenous imports into Hong Kong SAR reduced markedly to 19K tons in 2022, which is down by -74.6% against the previous year's figure. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 255%. As a result, imports attained the peak of 74K tons, and then fell markedly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports declined rapidly to $6.5M in 2022. Over the period under review, imports saw a mild decline. The growth pace was the most rapid in 2021 when imports increased by 282%. As a result, imports attained the peak of $24M, and then fell rapidly in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 4.7 | 21.8 | 6.0 | 9.3% |
| Taiwan (Chinese) | 0.6 | 0.4 | 0.3 | 0.1 | -45.0% |
| Others | 1.6 | 1.2 | 2.0 | 0.3 | -42.8% |
| Total | 6.9 | 6.3 | 24.0 | 6.5 | -2.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Hong Kong SAR in 2022:
- China (16.8K tons)
- Taiwan (Chinese) (1.2K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in shipments abroad of fertilizers; mineral or chemical, nitrogenoi, which increased by 235% to 8.1K tons in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 557% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $4.3M in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,088%. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 117 | 78.4 | 150 | 2,540 | 179.0% |
| China | 82.0 | 22.1 | 101 | 1,713 | 175.4% |
| South Korea | N/A | N/A | 606 | N/A | 0% |
| India | N/A | N/A | 413 | N/A | 0% |
| Singapore | N/A | 17.6 | 109 | N/A | 519.3% |
| Others | 32.2 | 1.4 | 41.0 | 53.5 | 18.4% |
| Total | 231 | 119 | 1,419 | 4,307 | 165.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Hong Kong SAR in 2022:
- Macao SAR (7.6K tons)
- China (0.5K tons)
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