Price for Fertilizers; Mineral or Chemical, Nitrogenous in Italy - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Italy (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Italy (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Italy
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Italy
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Italy (CIF) - 2023
In June 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $405 per ton, with an increase of 3.7% against the previous month. Over the period under review, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 12% against the previous month. As a result, import price reached the peak level of $762 per ton. From October 2022 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Austria ($580 per ton), while the price for Spain ($265 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Norway (-1.1%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Italy (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $381 per ton in 2022, picking up by 6.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 44%. Over the period under review, the average export prices attained the peak figure at $409 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($827 per ton), while the average price for exports to Croatia ($184 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 Tanzania (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Italy
In 2022, approx. 2.3M tons of fertilizers; mineral or chemical, nitrogenoi were imported into Italy; rising by 84% against the previous year's figure. In general, imports posted a significant expansion. 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 surged to $1.1B in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fertilizers; Mineral or Chemical, Nitrogenous in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 113 | 128 | 166 | 345 | 45.1% |
Ukraine | 7.6 | 27.6 | 63.5 | 132 | 159.0% |
Algeria | 32.2 | 12.6 | 43.3 | 90.0 | 40.9% |
Germany | 21.2 | 21.6 | 28.2 | 58.5 | 40.3% |
Austria | 20.1 | 15.3 | 25.1 | 52.1 | 37.4% |
Croatia | 25.1 | 18.2 | 25.0 | 52.0 | 27.5% |
Turkey | 11.9 | 21.3 | 24.3 | 50.4 | 61.8% |
Poland | 11.7 | 12.1 | 23.0 | 47.8 | 59.9% |
Netherlands | 4.6 | 5.5 | 17.3 | 36.0 | 98.5% |
Russia | 36.6 | 10.9 | 1.0 | 32.1 | -4.3% |
Slovakia | 10.6 | 7.3 | 15.2 | 31.6 | 43.9% |
France | 7.1 | 9.1 | 14.4 | 29.9 | 61.5% |
Norway | 9.1 | 8.8 | 11.4 | 23.6 | 37.4% |
Others | 54.7 | 46.6 | 73.8 | 114 | 27.7% |
Total | 366 | 345 | 531 | 1,095 | 44.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Italy in 2022:
- Egypt (865.3K tons)
- Ukraine (267.6K tons)
- Algeria (204.4K tons)
- Germany (115.2K tons)
- Netherlands (99.5K tons)
- Turkey (96.4K tons)
- Norway (83.5K tons)
- Slovakia (75.6K tons)
- Croatia (75.6K tons)
- Poland (75.1K tons)
- France (62.3K tons)
- Russia (60.0K tons)
- Austria (56.7K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Italy
In 2022, approx. 684K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Italy; growing by 95% compared with the previous year. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $261M in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Fertilizers; Mineral or Chemical, Nitrogenous in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 0.4 | 4.0 | 16.4 | 31.0 | 326.4% |
Greece | 5.3 | 3.1 | 15.2 | 28.7 | 75.6% |
Croatia | 5.6 | 4.1 | 11.2 | 21.1 | 55.6% |
Kenya | 10.8 | 13.5 | 8.4 | 19.3 | 21.4% |
Spain | 5.5 | 16.3 | 4.2 | 15.3 | 40.6% |
Netherlands | 2.7 | 2.7 | 7.9 | 14.9 | 76.7% |
Austria | 3.9 | 2.5 | 5.9 | 11.2 | 42.1% |
United States | 6.1 | 7.0 | 5.3 | 10.9 | 21.3% |
Sweden | 3.2 | 2.3 | 5.3 | 10.1 | 46.7% |
Tanzania | 4.6 | 7.8 | 3.1 | 9.2 | 26.0% |
Slovenia | 2.6 | 2.4 | 4.5 | 8.6 | 49.0% |
Germany | 4.6 | 4.1 | 4.3 | 8.1 | 20.8% |
France | 6.0 | 4.4 | 3.2 | 8.0 | 10.1% |
Others | 32.0 | 21.5 | 30.4 | 64.3 | 26.2% |
Total | 93.4 | 95.8 | 125 | 261 | 40.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Italy in 2022:
- Croatia (115.2K tons)
- Turkey (98.9K tons)
- Greece (79.7K tons)
- Spain (70.4K tons)
- Kenya (45.6K tons)
- Netherlands (44.0K tons)
- Slovenia (25.5K tons)
- France (22.9K tons)
- Tanzania (22.6K tons)
- Germany (20.2K tons)
- Sweden (20.1K tons)
- Austria (19.7K tons)
- United States (13.2K tons)
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