Price for Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (FOB) - 2022
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $323 per ton in 2022, reducing by -5.7% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 40% against the previous year. The export price peaked at $418 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($469 per ton), while the average price for exports to Canada ($96 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 Brazil (+1.6%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $639 per ton, declining by -2.8% against the previous year. Over the period under review, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Over the period under review, average import prices reached the maximum at $818 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($8,158 per ton), while the price for China ($99 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+29.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela
In 2022, approx. 198K tons of fertilizers; mineral or chemical, nitrogenoi were exported from Venezuela; declining by -13.7% on 2021 figures. In general, exports saw a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 14% against the previous year.
In value terms, fertilizers; mineral or chemical, nitrogenous exports fell rapidly to $64M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 59%. As a result, the exports reached the peak of $79M, and then dropped notably in the following year.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.5 | 9.9 | 26.3 | 38.9 | 66.0% |
| Colombia | 14.3 | 9.5 | 10.2 | 4.1 | -34.1% |
| Chile | 8.4 | 5.1 | 7.7 | 4.0 | -21.9% |
| Germany | 4.4 | 3.3 | 4.0 | 2.1 | -21.9% |
| United States | 6.5 | 4.2 | 4.3 | 1.9 | -33.6% |
| Canada | 4.0 | 3.0 | 3.6 | 1.8 | -23.4% |
| Peru | 3.5 | 2.7 | 3.3 | 1.7 | -21.4% |
| Others | 15.9 | 11.5 | 19.2 | 9.5 | -15.8% |
| Total | 65.5 | 49.4 | 78.7 | 64.0 | -0.8% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Venezuela in 2022:
- Brazil (82.8K tons)
- Chile (21.8K tons)
- Canada (18.9K tons)
- United States (15.2K tons)
- Colombia (11.3K tons)
- Germany (9.6K tons)
- Peru (8.9K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela
In 2022, after three years of growth, there was significant decline in overseas purchases of fertilizers; mineral or chemical, nitrogenoi, when their volume decreased by -19.9% to 251 tons. Overall, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 313 tons, and then dropped sharply in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports reduced remarkably to $160K in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 79% against the previous year. As a result, imports reached the peak of $206K, and then dropped sharply in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 35.2 | 41.7 | 67.3 | 41.7 | 5.8% |
| United Kingdom | 31.6 | 38.7 | 64.6 | 41.4 | 9.4% |
| Colombia | 2.2 | 2.9 | 4.6 | 25.5 | 126.3% |
| France | 6.1 | 10.1 | 22.8 | 19.8 | 48.1% |
| Spain | 0.4 | 1.0 | 11.5 | 8.4 | 175.9% |
| Brazil | 4.3 | 4.4 | 4.5 | 6.0 | 11.7% |
| China | 1.6 | 2.4 | 4.8 | 3.7 | 32.2% |
| Others | 4.3 | 13.7 | 25.7 | 13.9 | 47.9% |
| Total | 85.8 | 115 | 206 | 160 | 23.1% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Venezuela in 2022:
- United Kingdom (92.4 tons)
- China (38.0 tons)
- Russia (36.1 tons)
- Colombia (31.1 tons)
- France (16.1 tons)
- Spain (13.8 tons)
- Brazil (6.4 tons)
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