Price for Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (CIF) - 2023
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $160 per ton in July 2023, falling by -19.6% against the previous month. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 34% m-o-m. As a result, the export price attained the peak level of $650 per ton. From October 2022 to July 2023, the the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Romania ($160 per ton), while the average price for exports to Turkey ($160 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Albania (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (CIF) - 2023
In July 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $470 per ton, surging by 23% against the previous month. Overall, the import price, however, recorded a perceptible downturn. The growth pace was the most rapid in August 2022 an increase of 40% against the previous month. As a result, import price attained the peak level of $1,079 per ton. From September 2022 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Turkey ($6,074 per ton), while the price for Russia ($195 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Turkey (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan
In 2022, the amount of fertilizers; mineral or chemical, nitrogenoi exported from Azerbaijan surged to 394K tons, increasing by 23% compared with the year before. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 350%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $331M in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,004%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 5.1 | 6.4 | 71.4 | 282 | 281.0% |
| Turkey | 3.6 | 0.4 | 12.5 | 49.3 | 139.2% |
| Bulgaria | 4.4 | N/A | 5.6 | N/A | 12.8% |
| Russia | 1.4 | N/A | 8.9 | N/A | 152.1% |
| Moldova | 2.5 | 2.9 | N/A | N/A | 16.0% |
| Others | 1.5 | 1.1 | 20.1 | 0.4 | -35.6% |
| Total | 18.3 | 10.7 | 119 | 331 | 162.5% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Azerbaijan in 2022:
- Brazil (334.4K tons)
- Turkey (58.5K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan
In 2022, purchases abroad of fertilizers; mineral or chemical, nitrogenoi decreased by -45.1% to 53K tons, falling for the second year in a row after two years of growth. In general, imports saw a sharp decline. The most prominent rate of growth was recorded in 2020 with an increase of 43%. As a result, imports reached the peak of 212K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, fertilizers; mineral or chemical, nitrogenous imports shrank significantly to $13M in 2022. Overall, imports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, imports attained the peak of $45M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Azerbaijan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 25.5 | 35.7 | 18.0 | 10.0 | -26.8% |
| Georgia | 5.0 | 5.3 | 3.1 | 1.7 | -30.2% |
| Others | 2.5 | 4.2 | 2.3 | 1.2 | -21.7% |
| Total | 33.0 | 45.2 | 23.4 | 12.9 | -26.9% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Azerbaijan in 2022:
- Russia (41.9K tons)
- Georgia (8.3K tons)
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