Price for Fertilizers; Mineral or Chemical, Phosphatic in Ethiopia - 2021

Contents:

1. Price for Fertilizers; Mineral or Chemical, Phosphatic in Ethiopia (CIF) - 2022
2. Imports of Fertilizers; Mineral or Chemical, Phosphatic in Ethiopia

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

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $327 per ton, waning by -60.7% against the previous year. In general, the import price continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 when the average import price increased by 166%. As a result, import price attained the peak level of $948 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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 Turkey ($410 per ton), while the price for Morocco amounted to $37 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Ethiopia

In 2022, after two years of decline, there was significant growth in supplies from abroad of fertilizers; mineral or chemical, phosphatics, when their volume increased by 600% to 228 tons. Overall, imports, however, recorded a sharp shrinkage.

In value terms, fertilizers; mineral or chemical, phosphatic imports skyrocketed to $74K in 2022. Over the period under review, imports, however, continue to indicate a sharp descent.

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

1. Turkey (177.1 tons)
2. Morocco (50.6 tons)

Source: IndexBox Market Intelligence Platform