Price for Fertilizers; Mineral or Chemical, Phosphatic in Canada - 2023

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Canada (CIF) - 2023
2. Price for Fertilizers; Mineral or Chemical, Phosphatic in Canada (FOB) - 2022
3. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Canada
4. Exports of Fertilizers; Mineral or Chemical, Phosphatic in Canada

Price for Fertilizers; Mineral or Chemical, Phosphatic in Canada (CIF) - 2023

The average import price for fertilizers; mineral or chemical, phosphatics stood at $1,132 per ton in June 2023, reducing by -6.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 48% against the previous month. Over the period under review, average import prices hit record highs at $1,417 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From June 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +0.7% per month.

Price for Fertilizers; Mineral or Chemical, Phosphatic in Canada (FOB) - 2022

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $458 per ton, with an increase of 4.6% against the previous year. Overall, the export price, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2018 when the average export price increased by 37% against the previous year. As a result, the export price reached the peak level of $641 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($507 per ton), while the average price for exports to Costa Rica ($222 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 the United States (-1.6%), while the prices for the other major destinations experienced a decline.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Canada

In 2022, overseas purchases of fertilizers; mineral or chemical, phosphatics decreased by -24.9% to 9.7K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 60% against the previous year. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, fertilizers; mineral or chemical, phosphatic imports shrank modestly to $6.9M in 2022. Overall, total imports indicated a noticeable increase from 2019 to 2022: its value increased at an average annual rate of +2.0% 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 decreased by -32.0% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 56%. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Canada in 2022:

1. China (7.3K tons)
2. United States (1.9K tons)
3. Morocco (0.3K tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Canada

In 2022, overseas shipments of fertilizers; mineral or chemical, phosphatics decreased by -78.9% to 97 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 24% against the previous year. As a result, the exports reached the peak of 645 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, fertilizers; mineral or chemical, phosphatic exports contracted dramatically to $44K in 2022. Overall, exports saw a sharp slump. The smallest decline of -11.7% was in 2021.

Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Canada in 2022:

1. United States (79.9 tons)
2. United Kingdom (14.5 tons)
3. Costa Rica (2.6 tons)

Source: IndexBox Market Intelligence Platform