Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (FOB) - 2022
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (FOB) - 2022
The average export price for fertilizers, mineral or chemical stood at $102 per ton in 2022, waning by -12.1% against the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. The export price peaked at $390 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -11.1% per year.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (CIF) - 2022
The average import price for fertilizers, mineral or chemical stood at $1,811 per ton in 2022, jumping by 33% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 117%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +57.1% per year.
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in overseas shipments of fertilizers, mineral or chemical, which increased by 7.8% to 1K tons in 2022. The total export volume increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 7.8% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of fertilizers, mineral or chemical reduced to $104K in 2022. Over the period under review, exports, however, continue to indicate a drastic downturn. The smallest decline of -5.2% was in 2020.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 16.1 | 115 | 108 | 103 | 85.6% |
| Papua New Guinea | 106 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.3 | 1.5 | 0.3 | 0.0% |
| Total | 122 | 115 | 109 | 104 | -5.2% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Hong Kong SAR in 2022:
- Malaysia (1011.6 tons)
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR
In 2022, overseas purchases of fertilizers, mineral or chemical decreased by -67.5% to 37 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year.
In value terms, imports of fertilizers, mineral or chemical contracted dramatically to $67K in 2022. Over the period under review, imports, however, saw a mild increase. The most prominent rate of growth was recorded in 2020 with an increase of 115%.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 63.8 | 137 | 155 | 67.0 | 1.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 63.8 | 137 | 155 | 67.0 | 1.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Hong Kong SAR in 2022:
- United States (37.0 tons)
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