Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar - 2023
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar (CIF) - 2022
In 2022, the average import price for fertilizers, mineral or chemical amounted to $535 per ton, increasing by 51% against the previous year. In general, the import price recorded tangible growth. The growth pace was the most rapid in 2018 when the average import price increased by 68% against the previous year. Over the period under review, average import prices reached the peak figure 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 Arab Emirates ($717 per ton), while the price for Malaysia ($264 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 Arab Emirates (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar
In 2022, imports of fertilizers, mineral or chemical into Myanmar stood at 103K tons, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 149%. As a result, imports reached the peak of 132K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of fertilizers, mineral or chemical surged to $55M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 139% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 4.9 | 5.3 | 18.4 | 32.0 | 86.9% |
| China | 6.8 | 19.6 | 10.5 | 8.9 | 9.4% |
| Singapore | N/A | N/A | 4.8 | 7.4 | 54.2% |
| Malaysia | N/A | 5.8 | 1.2 | 4.4 | -12.9% |
| Thailand | 0.6 | 0.7 | 0.3 | 0.8 | 10.1% |
| Others | 1.3 | 1.3 | 0.7 | 1.5 | 4.9% |
| Total | 13.7 | 32.6 | 35.9 | 55.0 | 58.9% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Myanmar in 2022:
- United Arab Emirates (44.6K tons)
- China (26.2K tons)
- Malaysia (16.5K tons)
- Singapore (10.5K tons)
- Thailand (2.7K tons)
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