Price for Fertilizers; Mineral or Chemical, Phosphatic in Ecuador - 2022

Price for Fertilizers; Mineral or Chemical, Phosphatic in Ecuador (CIF) - 2022

In January 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $892 per ton, which is down by -90.4% against the previous month. In general, the import price, however, posted strong growth. The pace of growth was the most pronounced in December 2021 an increase of 1,103% against the previous month. As a result, import price attained the peak level of $9,267 per ton, and then fell markedly in the following month.

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

From February 2021 to January 2022, the rate of growth in terms of prices for Mexico amounted to +40.4% per month.

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

In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $409 per ton, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 an increase of 28% against the previous year. As a result, the export price attained the peak level of $416 per ton. From 2017 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 Peru ($7,921 per ton), while the average price for exports to Malaysia totaled $386 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+27.8%).

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Ecuador

In 2022, the amount of fertilizers; mineral or chemical, phosphatics imported into Ecuador reduced rapidly to 1.6K tons, which is down by -19.6% compared with 2021. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 140%.

In value terms, fertilizers; mineral or chemical, phosphatic imports contracted markedly to $645K in 2022. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 215% against the previous year.

Import of Fertilizers; Mineral or Chemical, Phosphatic in Ecuador (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	419	177	698	454	2.7%
Morocco	153	40.9	110	71.8	-22.3%
Egypt	32.8	8.0	60.9	39.6	6.5%
China	45.6	18.6	28.7	18.7	-25.7%
Mexico	66.6	15.1	26.6	17.3	-36.2%
United States	293	31.3	11.7	15.0	-62.9%
Guatemala	33.5	3.9	17.6	11.4	-30.2%
Others	87.5	16.0	25.3	16.8	-42.3%
Total	1,131	311	979	645	-17.1%

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

Russia (1106.7 tons)
Morocco (175.1 tons)
Egypt (96.6 tons)
China (96.6 tons)
Guatemala (62.1 tons)
Mexico (46.0 tons)
United States (3.6 tons)

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Ecuador

In 2022, after three years of growth, there was decline in overseas shipments of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -2.5% to 99 tons. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 248%.

In value terms, fertilizers; mineral or chemical, phosphatic exports contracted modestly to $40K in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 293% against the previous year.