Price for Fertilizers; Mineral or Chemical, Nitrogenous in Jordan - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Jordan (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Jordan (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Jordan
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Jordan
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Jordan (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $1,222 per ton, jumping by 33% against the previous year. Over the period under review, the export price showed a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 74%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($1,226 per ton) and India ($1,226 per ton), while the average price for exports to Sudan ($1,194 per ton) and Turkey ($1,226 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+29.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Jordan (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $663 per ton in December 2022, dropping by -14% against the previous month. In general, the import price saw a slight slump. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 21% m-o-m. The import price peaked at $798 per ton in January 2022; however, from February 2022 to December 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Saudi Arabia ($801 per ton), while the price for Spain ($457 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Greece (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Jordan
Fertilizers; mineral or chemical, nitrogenous exports from Jordan declined significantly to 364K tons in 2022, waning by -17.1% against the year before. Overall, exports faced a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 20%.
In value terms, fertilizers; mineral or chemical, nitrogenous exports rose significantly to $445M in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 120 | 131 | 70.0 | 144 | 6.3% |
| Bangladesh | N/A | 29.0 | 40.1 | 86.6 | 72.8% |
| Iraq | 17.0 | 0.1 | N/A | 82.6 | 69.4% |
| Nepal | N/A | N/A | N/A | 41.9 | 0% |
| Brazil | N/A | N/A | 23.0 | 28.0 | 21.7% |
| Indonesia | N/A | N/A | N/A | 22.5 | 0% |
| Romania | 4.5 | 3.2 | N/A | 16.5 | 54.2% |
| Sudan | 17.7 | 12.9 | 8.2 | 8.8 | -20.8% |
| United States | N/A | 43.2 | 235 | 5.4 | -64.6% |
| Turkey | 4.0 | 0.3 | 24.9 | 4.0 | 0.0% |
| Spain | 7.1 | 6.8 | 1.6 | N/A | -52.5% |
| Others | 23.5 | 3.3 | 1.9 | 3.9 | -45.0% |
| Total | 193 | 230 | 404 | 445 | 32.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Jordan in 2022:
- India (117.7K tons)
- Bangladesh (70.7K tons)
- Iraq (67.4K tons)
- Nepal (34.2K tons)
- Brazil (22.9K tons)
- Indonesia (18.4K tons)
- Romania (13.5K tons)
- Sudan (7.4K tons)
- United States (4.4K tons)
- Turkey (3.3K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Jordan
In 2022, overseas purchases of fertilizers; mineral or chemical, nitrogenoi decreased by -27.1% to 38K tons, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 2%. As a result, imports attained the peak of 56K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $28M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.4% against 2020 indices. 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 Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 7.7 | 5.8 | 6.8 | 16.1 | 27.9% |
| Saudi Arabia | 2.6 | 2.4 | 2.2 | 5.3 | 26.8% |
| China | 2.2 | 1.7 | 1.2 | 3.5 | 16.7% |
| Spain | 0.4 | 0.4 | 0.7 | 0.8 | 26.0% |
| Belgium | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Oman | 1.9 | 3.2 | 7.0 | 0.1 | -62.5% |
| France | 1.0 | 0.5 | N/A | N/A | -50.0% |
| Others | 1.6 | 0.5 | 0.9 | 1.7 | 2.0% |
| Total | 17.8 | 14.7 | 19.1 | 27.8 | 16.0% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Jordan in 2022:
- Egypt (19.9K tons)
- China (6.9K tons)
- Saudi Arabia (6.7K tons)
- Spain (1.6K tons)
- Belgium (0.7K tons)
- Oman (0.3K tons)
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