Price for Fertilizers; Mineral or Chemical, Phosphatic in Venezuela - 2022
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (FOB) - 2022
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela
Price for Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (FOB) - 2022
In 2022, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $1,418 per ton, dropping by -10.7% against the previous year. Overall, the export price, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 86% against the previous year. The export price peaked at $1,587 per ton in 2021, and then reduced in the following year.
As there is only one major export destination, the average price level is determined by prices for Guyana.
From 2012 to 2022, the rate of growth in terms of prices for Guyana amounted to +28.9% per year.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (CIF) - 2022
In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $2,619 per ton, remaining stable against the previous year. In general, the import price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of 83%. The import price peaked at $2,645 per ton in 2021, and then contracted slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($2,861 per ton), while the price for the United States totaled $39 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela
In 2022, after two years of decline, there was significant growth in overseas shipments of fertilizers; mineral or chemical, phosphatics, when their volume increased by 9.4% to 778 tons. Over the period under review, exports, however, showed a abrupt downturn.
In value terms, fertilizers; mineral or chemical, phosphatic exports dropped slightly to $1.1M in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, 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 with an increase of 4.8%.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 1.0 | 1.1 | 1.1 | 1.1 | 3.2% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 1.1 | 1.1 | 1.1 | 3.2% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Venezuela in 2022:
- Guyana (777.7 tons)
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela
In 2022, after three years of growth, there was significant decline in overseas purchases of fertilizers; mineral or chemical, phosphatics, when their volume decreased by -6% to 420 tons. The total import volume increased at an average annual rate of +1.1% over the period 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 2021 with an increase of 5.3% against the previous year. As a result, imports reached the peak of 447 tons, and then fell in the following year.
In value terms, fertilizers; mineral or chemical, phosphatic imports shrank to $1.1M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 16%. As a result, imports reached the peak of $1.2M, and then declined in the following year.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 873 | 1,015 | 1,160 | 1,095 | 7.8% |
| United States | 3.4 | 2.7 | 2.2 | 1.4 | -25.6% |
| Others | 0.1 | N/A | 19.3 | 3.3 | 220.8% |
| Total | 877 | 1,018 | 1,181 | 1,100 | 7.8% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Venezuela in 2022:
- Colombia (382.6 tons)
- United States (37.0 tons)
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