Price for Fertilizers; Mineral or Chemical, Phosphatic in Kuwait - 2021
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait
Price for Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $563 per ton in 2022, increasing by 4.6% against the previous year. Overall, the import price, however, showed a perceptible decrease. The growth pace was the most rapid in 2020 an increase of 9.9%. The import price peaked at $819 per ton in 2012; however, from 2013 to 2022, 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 Germany ($2,812 per ton), while the price for Egypt ($288 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (FOB) - 2022
The average export price for fertilizers; mineral or chemical, phosphatics stood at $255 per ton in 2022, remaining constant against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 49% against the previous year. Over the period under review, the average export prices reached the peak figure at $694 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Iran.
From 2012 to 2022, the rate of growth in terms of prices for Iran amounted to -9.5% per year.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait
In 2022, approx. 273 tons of fertilizers; mineral or chemical, phosphatics were imported into Kuwait; picking up by 9.8% against 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of 297 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, fertilizers; mineral or chemical, phosphatic imports stood at $153K in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 21%. As a result, imports reached the peak of $173K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 82.4 | 97.8 | 72.1 | 90.0 | 3.0% |
| Italy | 18.2 | 28.3 | 23.0 | 19.7 | 2.7% |
| Jordan | 9.4 | 16.8 | 15.5 | 15.2 | 17.4% |
| Estonia | 0.9 | 2.8 | 9.0 | 8.5 | 111.4% |
| Belgium | 6.2 | 7.8 | 2.0 | 5.8 | -2.2% |
| Egypt | 3.7 | 6.5 | 0.8 | 3.9 | 1.8% |
| Indonesia | 2.4 | 4.8 | 1.1 | 2.8 | 5.3% |
| Tunisia | 14.3 | N/A | N/A | N/A | 0% |
| Others | 5.8 | 8.3 | 10.0 | 7.5 | 8.9% |
| Total | 143 | 173 | 133 | 153 | 2.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Kuwait in 2022:
- United Arab Emirates (200.8 tons)
- Estonia (21.8 tons)
- Egypt (13.5 tons)
- Italy (12.2 tons)
- Jordan (11.0 tons)
- Belgium (8.1 tons)
- Indonesia (4.4 tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait
In 2022, the amount of fertilizers; mineral or chemical, phosphatics exported from Kuwait shrank to 314 tons, waning by -7.1% compared with 2021. In general, exports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when exports increased by 17%.
In value terms, fertilizers; mineral or chemical, phosphatic exports dropped to $80K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 20%.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iran | 45.6 | 72.8 | 87.4 | 80.1 | 20.7% |
| Qatar | 15.1 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 60.7 | 72.8 | 87.4 | 80.1 | 9.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Kuwait in 2022:
- Iran (314.4 tons)
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