Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand - 2024
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (FOB) - 2024
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (CIF) - 2022
- Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (FOB) - 2024
The average export price for fertilizers, mineral or chemical stood at $458 per ton in January 2024, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in May 2023 an increase of 6.8% against the previous month. Over the period under review, the average export prices reached the peak figure at $599 per ton in February 2023; however, from March 2023 to January 2024, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In January 2024, the country with the highest price was Lao People's Democratic Republic ($466 per ton), while the average price for exports to Cambodia stood at $453 per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+9.2%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (CIF) - 2022
The average import price for fertilizers, mineral or chemical stood at $228 per ton in 2022, growing by 33% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The import price peaked at $236 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($227 per ton), while the price for China stood at $181 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.7%).
Exports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand
In 2022, shipments abroad of fertilizers, mineral or chemical decreased by -45.2% to 10K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 149%.
In value terms, exports of fertilizers, mineral or chemical fell to $7.2M in 2022. In general, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 129%.
| Export of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 0.6 | 2.0 | 4.7 | 4.3 | 92.8% |
| Lao People's Democratic Republic | 0.6 | 1.5 | 2.4 | 2.5 | 60.9% |
| Myanmar | 0.5 | 0.5 | 1.0 | 0.4 | -7.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.7 | 3.9 | 8.1 | 7.2 | 61.8% |
Top Export Markets for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate from Thailand in 2022:
- Cambodia (6.3K tons)
- Lao People's Democratic Republic (3.2K tons)
- Myanmar (0.5K tons)
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand
In 2022, supplies from abroad of fertilizers, mineral or chemical decreased by -80% to 1.1K tons, falling for the second consecutive year after two years of growth. In general, imports showed a sharp descent. The growth pace was the most rapid in 2020 with an increase of 98% against the previous year. As a result, imports attained the peak of 13K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of fertilizers, mineral or chemical contracted markedly to $261K in 2022. Overall, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when imports increased by 35% against the previous year. As a result, imports attained the peak of $1.9M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 436 | 261 | 308 | 259 | -15.9% |
| China | 870 | 1,498 | 668 | 1.1 | -89.2% |
| Netherlands | 63.1 | 93.1 | N/A | N/A | 47.5% |
| Others | 2.8 | 4.5 | 1.4 | 1.3 | -22.6% |
| Total | 1,372 | 1,856 | 977 | 261 | -42.5% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Thailand in 2022:
- South Korea (1139.8 tons)
- China (6.1 tons)
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