Price for Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (FOB) - 2021
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (CIF) - 2021
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (FOB) - 2021
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $792 per ton in December 2021, increasing by 30% against the previous month. In general, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($1,430 per ton), while the average price for exports to South Korea ($171 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (CIF) - 2021
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $479 per ton in December 2021, picking up by 23% against the previous month. Overall, the import price recorded a strong expansion. The pace of growth appeared the most rapid in March 2021 when the average import price increased by 51% against the previous month. Over the period under review, average import prices attained the maximum in December 2021.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($1,046 per ton), while the price for Singapore ($309 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Singapore (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia
In 2022, shipments abroad of fertilizers; mineral or chemical, nitrogenoi decreased by -6.8% to 2.1M tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports dropped remarkably to $696M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.7% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of $872M, and then declined significantly in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 117 | 128 | 199 | 164 | 11.9% |
| Australia | 62.1 | 98.0 | 159 | 131 | 28.3% |
| Philippines | 71.4 | 91.7 | 123 | 101 | 12.3% |
| New Zealand | 39.3 | 48.0 | 109 | 90.2 | 31.9% |
| Japan | 43.7 | 47.3 | 79.3 | 65.3 | 14.3% |
| Chile | 19.4 | 17.3 | 38.1 | 31.4 | 17.4% |
| Mexico | 26.9 | 8.0 | 28.9 | 23.8 | -4.0% |
| Vietnam | 44.3 | 8.8 | 28.2 | 23.2 | -19.4% |
| India | 22.2 | 23.8 | 20.7 | 17.4 | -7.8% |
| United States | 16.6 | 6.9 | 15.5 | 12.8 | -8.3% |
| Papua New Guinea | 14.2 | 12.4 | 15.0 | 12.3 | -4.7% |
| South Korea | 21.6 | 0.3 | 11.8 | 9.7 | -23.4% |
| Others | 45.8 | 30.5 | 44.6 | 14.5 | -31.8% |
| Total | 545 | 521 | 872 | 696 | 8.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Malaysia in 2022:
- Thailand (468.9K tons)
- Australia (417.4K tons)
- Philippines (298.4K tons)
- New Zealand (174.4K tons)
- Japan (174.0K tons)
- Chile (107.1K tons)
- Vietnam (88.7K tons)
- Mexico (77.2K tons)
- India (74.1K tons)
- United States (57.1K tons)
- Papua New Guinea (41.4K tons)
- South Korea (37.4K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Malaysia reduced sharply to 1.1M tons, waning by -15% against 2021. Over the period under review, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of 1.3M tons, and then dropped markedly in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports fell significantly to $236M in 2022. In general, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +2.3% 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 +40.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 81% against the previous year. As a result, imports reached the peak of $305M, and then fell notably in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 89.8 | 72.7 | 174 | 134 | 14.3% |
| Indonesia | 25.1 | 27.7 | 32.1 | 24.8 | -0.4% |
| Japan | 19.4 | 10.0 | 22.4 | 17.3 | -3.7% |
| Taiwan (Chinese) | 20.7 | 8.0 | 12.2 | 9.4 | -23.1% |
| Russia | 9.3 | 11.1 | 8.3 | 6.4 | -11.7% |
| Singapore | 10.7 | 3.3 | 6.2 | 4.8 | -23.4% |
| Thailand | 5.4 | 2.8 | 5.6 | 4.3 | -7.3% |
| Others | 40.3 | 32.3 | 43.8 | 35.0 | -4.6% |
| Total | 221 | 168 | 305 | 236 | 2.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Malaysia in 2022:
- China (624.9K tons)
- Japan (126.6K tons)
- Indonesia (87.9K tons)
- Taiwan (Chinese) (84.7K tons)
- Singapore (37.6K tons)
- Thailand (27.2K tons)
- Russia (20.3K tons)
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