Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia - 2022

Contents:

  1. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia (CIF) - 2022
  2. Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia (FOB) - 2022
  3. Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia
  4. Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia (CIF) - 2022

The average import price for fertilizers, mineral or chemical stood at $556 per ton in 2022, rising by 12% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fertilizers, mineral or chemical increased by +74.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 32%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,363 per ton), while the price for Belgium ($328 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia (FOB) - 2022

The average export price for fertilizers, mineral or chemical stood at $1,599 per ton in 2022, growing by 14% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 68% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Panama.

From 2012 to 2022, the rate of growth in terms of prices for Panama amounted to +13.6% per year.

Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia

Imports of fertilizers, mineral or chemical into Colombia soared to 1.5K tons in 2022, rising by 292% compared with the previous year's figure. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fertilizers, mineral or chemical soared to $822K in 2022. Overall, imports saw 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, Other than Ammonium Sulphate in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain40.48.826.9429119.8%
United States88.847.012424540.3%
Germany17.25.923.497.878.5%
Belgium18.74.012.428.314.8%
IsraelN/A7.1N/AN/A0%
Others0.7N/AN/A21.6213.7%
Total16672.818782270.4%

Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Colombia in 2022:

  1. Spain (1061.8 tons)
  2. Germany (284.6 tons)
  3. Belgium (86.3 tons)
  4. United States (38.5 tons)

Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia

For the third year in a row, Colombia recorded decline in overseas shipments of fertilizers, mineral or chemical, which decreased by -49.3% to 42 tons in 2022. Over the period under review, exports recorded a significant decline. The smallest decline of -44.2% was in 2021.

In value terms, exports of fertilizers, mineral or chemical shrank rapidly to $68K in 2022. Overall, exports continue to indicate a precipitous contraction. The smallest decline of -26.5% was in 2020.

Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Panama22816811167.6-33.3%
Others0.20.26.40.314.5%
Total22816811867.9-33.2%

Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Colombia in 2022:

  1. Panama (42.4 tons)

Source: IndexBox Market Intelligence Platform

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