Price for Fertilizers; Mineral or Chemical, Nitrogenous in Spain - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Spain (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Spain (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Spain
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Spain
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Spain (CIF) - 2022
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $544 per ton in 2022, surging by 30% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous import price increased by +123.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 72%. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Algeria ($923 per ton), while the price for Trinidad and Tobago ($270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Spain (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $386 per ton, increasing by 18% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, nitrogenous export price increased by +87.8% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 59%. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($767 per ton), while the average price for exports to Morocco ($235 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Spain
Fertilizers; mineral or chemical, nitrogenous imports into Spain surged to 2.1M tons in 2022, picking up by 28% on 2021. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, fertilizers; mineral or chemical, nitrogenous imports skyrocketed to $1.1B in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 89.2 | 51.7 | 83.9 | 232 | 37.5% |
| Algeria | 51.8 | 95.3 | 181 | 127 | 34.8% |
| Portugal | 30.6 | 32.1 | 48.7 | 96.9 | 46.8% |
| Netherlands | 32.9 | 33.5 | 61.0 | 93.9 | 41.8% |
| Russia | 27.3 | 20.5 | 48.8 | 91.5 | 49.7% |
| Belgium | 32.8 | 25.5 | 35.3 | 78.1 | 33.5% |
| Germany | 24.7 | 31.5 | 28.4 | 74.8 | 44.7% |
| France | 16.0 | 18.8 | 37.2 | 68.8 | 62.6% |
| Trinidad and Tobago | 20.5 | 15.5 | 28.2 | 57.0 | 40.6% |
| Norway | 22.4 | 18.2 | 24.5 | 46.3 | 27.4% |
| Slovakia | 6.5 | 9.3 | 13.1 | 31.4 | 69.0% |
| United Kingdom | 1.5 | 3.3 | 11.4 | 22.5 | 146.6% |
| Turkey | 28.1 | 11.8 | 10.7 | 8.3 | -33.4% |
| Others | 39.4 | 55.8 | 77.6 | 111 | 41.2% |
| Total | 424 | 423 | 690 | 1,140 | 39.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Spain in 2022:
- Portugal (325.6K tons)
- Egypt (256.1K tons)
- Germany (236.4K tons)
- Trinidad and Tobago (211.1K tons)
- Netherlands (156.8K tons)
- Algeria (137.9K tons)
- Russia (126.2K tons)
- Norway (124.8K tons)
- Belgium (122.0K tons)
- France (83.8K tons)
- Slovakia (63.3K tons)
- United Kingdom (60.9K tons)
- Turkey (31.3K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Spain
In 2022, approx. 1.7M tons of fertilizers; mineral or chemical, nitrogenoi were exported from Spain; rising by 93% on 2021 figures. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous exports skyrocketed to $666M in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 58.0 | 49.2 | 92.9 | 187 | 47.7% |
| Portugal | 36.9 | 26.8 | 36.6 | 85.7 | 32.4% |
| United Kingdom | 16.7 | 8.9 | 14.7 | 64.4 | 56.8% |
| Ireland | 24.8 | 24.6 | 33.3 | 62.1 | 35.8% |
| Denmark | 6.4 | 14.2 | 6.8 | 48.7 | 96.7% |
| Netherlands | 13.9 | 16.4 | 19.8 | 34.5 | 35.4% |
| Italy | 9.6 | 7.6 | 8.5 | 25.8 | 39.0% |
| Belgium | 3.8 | 3.3 | 7.8 | 10.2 | 39.0% |
| Turkey | 6.9 | 2.5 | 12.7 | 5.8 | -5.6% |
| Morocco | 13.9 | 10.7 | 7.0 | 4.7 | -30.3% |
| Others | 31.4 | 45.2 | 52.0 | 136 | 63.0% |
| Total | 222 | 209 | 292 | 666 | 44.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Spain in 2022:
- France (665.9K tons)
- United Kingdom (226.2K tons)
- Denmark (159.6K tons)
- Netherlands (126.2K tons)
- Portugal (111.7K tons)
- Italy (101.5K tons)
- Ireland (94.7K tons)
- Belgium (34.5K tons)
- Turkey (23.9K tons)
- Morocco (19.8K tons)
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