Price for Fertilizers; Mineral or Chemical, Phosphatic in the United States - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the United States (CIF) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in the United States (FOB) - 2023
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in the United States
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in the United States
Price for Fertilizers; Mineral or Chemical, Phosphatic in the United States (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $683 per ton in 2022, increasing by 55% against the previous year. Over the period under review, the import price posted noticeable growth. The growth pace was the most rapid in 2021 when the average import price increased by 61% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Israel ($718 per ton) and Jordan ($703 per ton), while the price for Russia ($549 per ton) and Egypt ($655 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+69.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in the United States (FOB) - 2023
The average export price for fertilizers; mineral or chemical, phosphatics stood at $354 per ton in August 2023, with a decrease of -87.4% against the previous month. In general, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in September 2022 an increase of 974% m-o-m. The export price peaked at $2,800 per ton in July 2023, and then declined sharply in the following month.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Canada ($1,068 per ton), while the average price for exports to Colombia stood at $340 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fertilizers; Mineral or Chemical, Phosphatic in the United States
After three years of growth, purchases abroad of fertilizers; mineral or chemical, phosphatics decreased by -5.3% to 445K tons in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of 469K tons, and then declined in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic imports surged to $304M in 2022. In general, imports, however, saw a significant increase. The growth pace was the most rapid in 2021 when imports increased by 173%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 42.0 | 41.0 | 106 | 181 | 62.7% |
| Russia | N/A | N/A | N/A | 58.0 | 0% |
| Morocco | 30.3 | 21.0 | 48.3 | 31.6 | 1.4% |
| Lebanon | N/A | 12.1 | 35.2 | 12.1 | 0.0% |
| Jordan | N/A | N/A | N/A | 7.7 | 0% |
| Egypt | 0.1 | 0.7 | 16.0 | 5.9 | 289.3% |
| Others | 0.9 | 1.1 | 1.2 | 7.8 | 105.4% |
| Total | 73.3 | 75.8 | 207 | 304 | 60.7% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to the United States in 2022:
- Israel (251.8K tons)
- Russia (105.7K tons)
- Morocco (45.3K tons)
- Lebanon (17.4K tons)
- Jordan (11.0K tons)
- Egypt (9.0K tons)
Exports of Fertilizers; Mineral or Chemical, Phosphatic in the United States
In 2022, approx. 31K tons of fertilizers; mineral or chemical, phosphatics were exported from the United States; with an increase of 358% against the previous year. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, fertilizers; mineral or chemical, phosphatic exports surged to $22M in 2022. In general, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 2.3 | 2.6 | 6.3 | 42.0% |
| Mexico | 1.2 | 2.6 | 2.2 | 4.4 | 54.2% |
| Colombia | 0.4 | 0.3 | 0.1 | 3.4 | 104.1% |
| Brazil | 0.3 | N/A | 0.1 | 1.9 | 85.0% |
| Peru | 0.3 | 0.3 | 0.3 | 0.6 | 26.0% |
| Guatemala | N/A | N/A | N/A | 0.6 | 0% |
| Argentina | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.3 | 1.8 | 2.1 | 4.2 | 47.8% |
| Total | 5.8 | 7.4 | 7.3 | 21.6 | 55.0% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from the United States in 2022:
- Argentina (9.6K tons)
- Canada (7.8K tons)
- Mexico (4.2K tons)
- Colombia (3.3K tons)
- Brazil (1.5K tons)
- Peru (0.7K tons)
- Guatemala (0.7K tons)
302
This report provides an in-depth analysis of the phosphatic fertilizer market in the U.S..
319
This report provides an in-depth analysis of the global phosphatic fertilizer market.
302
This report provides an in-depth analysis of the phosphatic fertilizer market in the U.S..
319
This report provides an in-depth analysis of the global phosphatic fertilizer market.
221
Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
221
Explore the top 10 countries by import value of phosphatic fertilizer in 2023. Learn about the key players in the global agricultural industry and their reliance on imported fertilizer.
