Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan - 2022
Contents:
- Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan (CIF) - 2022
- Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan
Price for Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan (CIF) - 2022
The average import price for fertilizers, mineral or chemical stood at $513 per ton in 2022, picking up by 25% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fertilizers, mineral or chemical increased by +74.4% against 2018 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 50%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,435 per ton), while the price for Italy ($391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan
In 2022, the amount of fertilizers, mineral or chemical imported into Pakistan reduced remarkably to 132 tons, waning by -67% compared with the previous year. Over the period under review, imports saw a sharp reduction. The smallest decline of -42.5% was in 2020.
In value terms, imports of fertilizers, mineral or chemical shrank markedly to $68K in 2022. In general, imports faced a dramatic decrease. The smallest decline of -35.8% was in 2021.
| Import of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 282 | 185 | 122 | 44.5 | -46.0% |
| China | 11.0 | 12.2 | 13.5 | 12.8 | 5.2% |
| South Korea | 44.5 | 23.3 | 14.1 | 4.7 | -52.7% |
| United Kingdom | 29.8 | 18.4 | 11.4 | 3.9 | -49.2% |
| Iran | 26.3 | 13.6 | N/A | N/A | -48.3% |
| Others | 4.5 | 2.6 | 3.0 | 1.8 | -26.3% |
| Total | 398 | 256 | 164 | 67.7 | -44.6% |
Top Suppliers of Fertilizers, Mineral or Chemical; Nitrogenous, Other than Ammonium Sulphate to Pakistan in 2022:
- Italy (113.9 tons)
- China (8.9 tons)
- South Korea (4.9 tons)
- United Kingdom (3.0 tons)
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