Price for Fertilizers; Mineral or Chemical, Nitrogenous in Japan - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Japan (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Japan (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Japan
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Japan
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Japan (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $383 per ton, dropping by -18.7% against the previous month. Over the period under review, the import price saw a noticeable decline. The most prominent rate of growth was recorded in October 2022 an increase of 37% month-to-month. As a result, import price attained the peak level of $828 per ton. From November 2022 to July 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($1,666 per ton), while the price for Thailand ($300 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Japan (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $297 per ton in 2022, with an increase of 50% against the previous year. Overall, the export price enjoyed a noticeable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($778 per ton), while the average price for exports to Malaysia ($219 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 Vietnam (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Japan
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Japan surged to 474K tons, with an increase of 16% on 2021. The total import volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports surged to $344M in 2022. Over the period under review, imports continue to indicate a significant increase. 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 53.7 | 53.2 | 87.8 | 163 | 44.8% |
| China | 58.3 | 51.7 | 61.7 | 77.3 | 9.9% |
| Qatar | 8.0 | 9.1 | 11.2 | 20.7 | 37.3% |
| Chile | 6.0 | 9.8 | 9.4 | 19.3 | 47.6% |
| South Korea | 10.2 | 10.3 | 13.6 | 18.8 | 22.6% |
| Saudi Arabia | 5.9 | 7.5 | 5.1 | 10.1 | 19.6% |
| Germany | 7.9 | 7.3 | 9.7 | 9.8 | 7.4% |
| Thailand | 0.1 | N/A | N/A | 6.7 | 306.2% |
| Others | 6.2 | 5.7 | 6.2 | 18.3 | 43.4% |
| Total | 156 | 155 | 205 | 344 | 30.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Japan in 2022:
- Malaysia (213.4K tons)
- China (125.3K tons)
- Saudi Arabia (25.1K tons)
- South Korea (24.4K tons)
- Qatar (23.8K tons)
- Chile (16.4K tons)
- Thailand (14.2K tons)
- Germany (8.0K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Japan
Fertilizers; mineral or chemical, nitrogenous exports from Japan dropped sharply to 369K tons in 2022, declining by -22.8% on 2021. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 478K tons, and then reduced dramatically in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $110M in 2022. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 80% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 15.9 | 11.0 | 21.5 | 29.3 | 22.6% |
| Vietnam | 9.0 | 9.7 | 17.1 | 27.6 | 45.3% |
| Malaysia | 13.4 | 7.0 | 27.9 | 17.9 | 10.1% |
| South Korea | 6.2 | 6.1 | 7.7 | 13.2 | 28.6% |
| Australia | 1.3 | 6.0 | 6.9 | 8.7 | 88.4% |
| Others | 17.3 | 12.9 | 13.6 | 12.8 | -9.6% |
| Total | 63.3 | 52.6 | 94.8 | 110 | 20.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Japan in 2022:
- Philippines (118.9K tons)
- Vietnam (118.1K tons)
- Malaysia (81.9K tons)
- Australia (20.9K tons)
- South Korea (17.0K tons)
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