Price for Fertilizers; Mineral or Chemical, Phosphatic in Singapore - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Singapore (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Singapore (FOB) - 2022
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Singapore
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Singapore
Price for Fertilizers; Mineral or Chemical, Phosphatic in Singapore (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $777 per ton, shrinking by -7.9% against the previous year. Overall, the import price, however, saw slight growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 372%. As a result, import price reached the peak level of $3,860 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
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 Belgium ($1,325 per ton), while the price for New Zealand ($287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Singapore (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $178 per ton, surging by 13% against the previous year. Overall, the export price, however, saw a deep downturn. The growth pace was the most rapid in 2018 an increase of 65% against the previous year. The export price peaked at $467 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($427 per ton), while the average price for exports to Malaysia totaled $159 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Singapore
In 2022, supplies from abroad of fertilizers; mineral or chemical, phosphatics decreased by -33.9% to 777 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 363% against the previous year. As a result, imports reached the peak of 1.2K tons, and then plummeted in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic imports reduced rapidly to $603K in 2022. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 359%. As a result, imports reached the peak of $991K, and then fell dramatically in the following year.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 111 | 126 | 577 | 338 | 44.9% |
| Belgium | 24.5 | 64.3 | 336 | 192 | 98.6% |
| China | 26.3 | 8.7 | 48.3 | 43.0 | 17.8% |
| New Zealand | 4.7 | 4.5 | 28.9 | 16.5 | 52.0% |
| Others | 11.3 | 12.5 | 0.6 | 13.4 | 5.8% |
| Total | 178 | 216 | 991 | 603 | 50.2% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Singapore in 2022:
- Malaysia (427.1 tons)
- Belgium (145.3 tons)
- China (137.1 tons)
- New Zealand (57.7 tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Singapore
In 2022, approx. 7.3K tons of fertilizers; mineral or chemical, phosphatics were exported from Singapore; dropping by -19.9% against the year before. Overall, exports showed a precipitous contraction. The pace of growth was the most pronounced in 2021 when exports increased by 66%.
In value terms, fertilizers; mineral or chemical, phosphatic exports declined to $1.3M in 2022. Over the period under review, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 317 | 379 | 1,437 | 1,077 | 50.3% |
| Indonesia | 3,533 | 0.1 | 2.1 | 225 | -60.1% |
| Fiji | N/A | 465 | N/A | N/A | 0% |
| Mauritius | 276 | 35.6 | N/A | N/A | -87.1% |
| Others | 0.8 | 286 | 0.3 | N/A | -38.8% |
| Total | 4,127 | 1,165 | 1,440 | 1,302 | -31.9% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Singapore in 2022:
- Malaysia (6.8K tons)
- Indonesia (0.5K tons)
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