Price for Fertilizers; Mineral or Chemical, Phosphatic in Egypt - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Egypt (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Phosphatic in Egypt (CIF) - 2022
- Exports of Fertilizers; Mineral or Chemical, Phosphatic in Egypt
- Imports of Fertilizers; Mineral or Chemical, Phosphatic in Egypt
Price for Fertilizers; Mineral or Chemical, Phosphatic in Egypt (FOB) - 2023
In June 2023, the average export price for fertilizers; mineral or chemical, phosphatics amounted to $1,133 per ton, increasing by 44% against the previous month. Overall, export price indicated a measured expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, fertilizers; mineral or chemical, phosphatic export price increased by +61.9% against February 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In June 2023, the countries with the highest prices were Romania ($1,133 per ton) and Malawi ($1,133 per ton), while the average price for exports to Italy ($1,133 per ton) and Turkey ($1,133 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malawi (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Phosphatic in Egypt (CIF) - 2022
The average import price for fertilizers; mineral or chemical, phosphatics stood at $756 per ton in 2022, dropping by -35.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 47% against the previous year. Over the period under review, average import prices hit record highs at $1,253 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,185 per ton), while the price for Italy ($627 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers; Mineral or Chemical, Phosphatic in Egypt
After two years of decline, shipments abroad of fertilizers; mineral or chemical, phosphatics increased by 44% to 292K tons in 2022. Over the period under review, exports, however, showed a drastic downturn.
In value terms, fertilizers; mineral or chemical, phosphatic exports skyrocketed to $234M in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Phosphatic in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 39.4 | 29.2 | 61.1 | 77.6 | 25.3% |
| Syrian Arab Republic | 19.9 | 24.3 | 29.9 | 47.9 | 34.0% |
| Paraguay | 5.7 | 7.2 | 9.7 | 25.8 | 65.4% |
| Sri Lanka | 9.7 | 11.9 | 14.6 | 23.4 | 34.1% |
| Turkey | 0.8 | 0.5 | 3.2 | 8.0 | 115.4% |
| Uruguay | 4.3 | 8.2 | 4.1 | 7.6 | 20.9% |
| Italy | 2.6 | 3.5 | 2.4 | 3.8 | 13.5% |
| Indonesia | 5.4 | N/A | 1.0 | 2.7 | -20.6% |
| Nigeria | 2.3 | 1.5 | 1.6 | 2.2 | -1.5% |
| Others | 7.9 | 17.0 | 31.6 | 35.5 | 65.0% |
| Total | 97.9 | 104 | 159 | 234 | 33.7% |
Top Export Markets for Fertilizers; Mineral or Chemical, Phosphatic from Egypt in 2022:
- Nigeria (53.1K tons)
- Brazil (53.0K tons)
- Paraguay (34.8K tons)
- Sri Lanka (27.6K tons)
- Indonesia (19.4K tons)
- Uruguay (16.6K tons)
- Syrian Arab Republic (15.3K tons)
- Turkey (14.7K tons)
- Italy (13.9K tons)
Imports of Fertilizers; Mineral or Chemical, Phosphatic in Egypt
In 2022, overseas purchases of fertilizers; mineral or chemical, phosphatics increased by 95% to 116 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a deep downturn.
In value terms, fertilizers; mineral or chemical, phosphatic imports soared to $88K in 2022. Over the period under review, imports, however, saw a dramatic slump.
| Import of Fertilizers; Mineral or Chemical, Phosphatic in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 61.7 | 57.2 | 34.3 | 43.3 | -11.1% |
| United Arab Emirates | 70.8 | 26.2 | 14.7 | 17.4 | -37.4% |
| China | 30.6 | 7.1 | 7.2 | 9.1 | -33.3% |
| Saudi Arabia | 20.9 | 7.5 | 4.1 | 4.8 | -38.8% |
| United States | 4.1 | N/A | 3.8 | 4.8 | 5.4% |
| Spain | 21.5 | 6.4 | 2.2 | 4.6 | -40.2% |
| Italy | 18.3 | 1.4 | 2.8 | 3.6 | -41.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 228 | 106 | 69.3 | 87.5 | -27.3% |
Top Suppliers of Fertilizers; Mineral or Chemical, Phosphatic to Egypt in 2022:
- Jordan (64.5 tons)
- United Arab Emirates (19.8 tons)
- China (7.7 tons)
- Saudi Arabia (7.4 tons)
- United States (5.9 tons)
- Italy (5.7 tons)
- Spain (4.9 tons)
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