Price for Fertilizers; Mineral or Chemical, Phosphatic in Bolivia - 2023

Price for Fertilizers; Mineral or Chemical, Phosphatic in Bolivia (CIF) - 2022

In 2022, the average import price for fertilizers; mineral or chemical, phosphatics amounted to $33,753 per ton, surging by 966% against the previous year. Overall, the import price posted a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Brazil ($50,213 per ton), while the price for Peru ($5,025 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Fertilizers; Mineral or Chemical, Phosphatic in Bolivia

For the third consecutive year, Bolivia recorded decline in overseas purchases of fertilizers; mineral or chemical, phosphatics, which decreased by -89.7% to 31 tons in 2022. Over the period under review, imports saw a precipitous decline. The smallest decline of -26.3% was in 2021.

In value terms, fertilizers; mineral or chemical, phosphatic imports rose markedly to $1M in 2022. Overall, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 41%.

Import of Fertilizers; Mineral or Chemical, Phosphatic in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	47.2	42.4	184	972	174.1%
Peru	12.0	0.6	18.1	37.3	45.9%
Colombia	11.1	2.2	0.2	27.7	35.6%
Russia	695	316	394	N/A	-24.7%
Argentina	87.7	66.4	69.7	N/A	-10.9%
China	459	201	241	N/A	-27.5%
Others	98.4	40.4	37.6	N/A	-38.2%
Total	1,410	669	945	1,037	-9.7%