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

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

The average export price for fertilizers; mineral or chemical, phosphatics stood at $372 per ton in 2022, jumping by 32% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fertilizers; mineral or chemical, phosphatic export price increased by +77.3% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($698 per ton), while the average price for exports to Spain ($316 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 Bulgaria (+97.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for fertilizers; mineral or chemical, phosphatics stood at $512 per ton in June 2023, which is down by -31.6% against the previous month. Overall, the import price, however, posted a notable increase. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 135% m-o-m. As a result, import price attained the peak level of $922 per ton. From August 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($735 per ton), while the price for Morocco totaled $495 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fertilizers; Mineral or Chemical, Phosphatic in Portugal

In 2022, overseas shipments of fertilizers; mineral or chemical, phosphatics increased by 2.5% to 18K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a perceptible reduction.

In value terms, fertilizers; mineral or chemical, phosphatic exports skyrocketed to $6.8M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.3% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Fertilizers; Mineral or Chemical, Phosphatic in Portugal (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	1.8	2.1	1.7	4.2	32.6%
Belgium	N/A	N/A	1.5	1.2	-20.0%
France	1.9	1.5	1.1	0.7	-28.3%
Bulgaria	N/A	N/A	0.1	0.7	600.0%
Italy	N/A	N/A	0.6	N/A	0%
Others	0.3	0.3	N/A	N/A	0.0%
Total	4.0	4.0	5.0	6.8	19.3%

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

Spain (13.3K tons)
Belgium (2.0K tons)
France (2.0K tons)
Bulgaria (1.0K tons)

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Portugal

For the fourth year in a row, Portugal recorded growth in supplies from abroad of fertilizers; mineral or chemical, phosphatics, which increased by 11% to 12K tons in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.1% 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 increased by +73.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, fertilizers; mineral or chemical, phosphatic imports skyrocketed to $5M in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to continue growth in years to come.