Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia - 2023

Contents:

  1. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia (CIF) - 2022
  2. Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia (FOB) - 2022
  3. Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia
  4. Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia (CIF) - 2022

In 2022, the average import price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $493 per ton, growing by 138% against the previous year. In general, the import price showed a relatively flat trend pattern. The import price peaked at $505 per ton in 2013; however, from 2014 to 2022, 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 Greece ($1,735 per ton), while the price for Hungary ($241 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia (FOB) - 2022

In 2022, the average export price for fertilizers, mineral or chemical; containing nitrates and phosphateses amounted to $495 per ton, shrinking by -51.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The export price peaked at $1,017 per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($1,657 per ton), while the average price for exports to the Czech Republic ($215 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 Poland (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia

In 2022, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses into Slovakia skyrocketed to 8.2K tons, with an increase of 50% against 2021. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 174% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of fertilizers, mineral or chemical; containing nitrates and phosphateses soared to $4M in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hungary11.13321,0261,232380.6%
Lithuania7.7N/AN/A1,214440.2%
Austria34827.167.960120.0%
GreeceN/AN/AN/A5380%
Poland46.2N/AN/A26779.5%
BelgiumN/AN/AN/A1610%
Others28027.336.822.0-57.2%
Total6933861,1314,03679.9%

Top Suppliers of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates to Slovakia in 2022:

  1. Hungary (5.1K tons)
  2. Lithuania (1.5K tons)
  3. Austria (0.8K tons)
  4. Poland (0.3K tons)
  5. Greece (0.3K tons)
  6. Belgium (0.2K tons)

Exports of Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates in Slovakia

In 2022, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses from Slovakia surged to 627 tons, rising by 851% compared with the previous year's figure. Overall, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fertilizers, mineral or chemical; containing nitrates and phosphateses surged to $311K in 2022. Over the period under review, exports recorded 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; Containing Nitrates and Phosphates in Slovakia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/A61.7201225.8%
Czech RepublicN/AN/A5.41091918.5%
Hungary101N/AN/A1.6-74.9%
OthersN/AN/AN/AN/A0%
Total101N/A67.131145.5%

Top Export Markets for Fertilizers, Mineral or Chemical; Containing Nitrates and Phosphates from Slovakia in 2022:

  1. Czech Republic (504.8 tons)
  2. Poland (121.2 tons)
  3. Hungary (1.4 tons)

Source: IndexBox Market Intelligence Platform

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