Price for Fertilizers; Mineral or Chemical, Nitrogenous in Thailand - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Thailand (CIF) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Thailand (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Thailand
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Thailand
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Thailand (CIF) - 2023
The average import price for fertilizers; mineral or chemical, nitrogenoi stood at $328 per ton in July 2023, with a decrease of -4.2% against the previous month. Over the period under review, the import price continues to indicate a deep reduction. The pace of growth appeared the most rapid in November 2022 an increase of 19% m-o-m. As a result, import price attained the peak level of $697 per ton. From December 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Saudi Arabia ($368 per ton), while the price for China ($171 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (-4.8%), while the prices for the other major suppliers experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Thailand (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, nitrogenoi amounted to $468 per ton, jumping by 36% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($900 per ton), while the average price for exports to Vietnam ($152 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 Japan (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Thailand
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi imported into Thailand skyrocketed to 3.9M tons, growing by 40% compared with the year before. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.3% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, nitrogenous imports soared to $1.7B in 2022. Over the period under review, imports posted 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 in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 300 | 275 | 341 | 541 | 21.7% |
| Malaysia | 111 | 132 | 214 | 361 | 48.2% |
| Qatar | 175 | 153 | 170 | 328 | 23.3% |
| China | 16.2 | 39.7 | 109 | 180 | 123.1% |
| Bahrain | 21.5 | 25.7 | 19.4 | 74.4 | 51.3% |
| Indonesia | 15.4 | 15.6 | 57.8 | 41.8 | 39.5% |
| Taiwan (Chinese) | 0.6 | 0.2 | 3.5 | 40.0 | 305.5% |
| Others | 19.3 | 34.2 | 131 | 158 | 101.5% |
| Total | 659 | 674 | 1,045 | 1,725 | 37.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Thailand in 2022:
- Saudi Arabia (1363.7K tons)
- Malaysia (798.2K tons)
- China (734.9K tons)
- Qatar (371.0K tons)
- Bahrain (186.9K tons)
- Indonesia (105.2K tons)
- Taiwan (Chinese) (102.5K tons)
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Thailand
In 2022, approx. 392K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Thailand; declining by -3.6% on the year before. The total export volume increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 38% against the previous year. As a result, the exports attained the peak of 407K tons, and then reduced in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $184M in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 78%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lao People's Democratic Republic | 24.4 | 21.4 | 26.5 | 68.2 | 40.9% |
| Cambodia | 38.9 | 27.7 | 56.0 | 65.0 | 18.7% |
| Ecuador | 0.2 | 0.1 | N/A | 22.8 | 384.9% |
| Malaysia | 8.1 | 2.8 | 8.3 | 12.0 | 14.0% |
| Australia | 5.5 | 2.8 | 4.9 | 8.7 | 16.5% |
| New Zealand | 1.1 | 1.3 | 1.6 | 2.2 | 26.0% |
| Vietnam | 8.2 | 4.7 | 4.3 | 0.7 | -56.0% |
| Uruguay | N/A | N/A | 6.5 | N/A | 0% |
| Myanmar | 6.2 | 12.9 | 23.8 | N/A | 95.9% |
| Others | 2.6 | 5.2 | 8.4 | 4.2 | 17.3% |
| Total | 95.2 | 79.0 | 140 | 184 | 24.6% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Thailand in 2022:
- Lao People's Democratic Republic (129.7K tons)
- Cambodia (72.2K tons)
- Ecuador (58.3K tons)
- Malaysia (57.8K tons)
- Australia (52.0K tons)
- New Zealand (12.6K tons)
- Vietnam (4.8K tons)
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