Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia - 2023
Contents:
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (FOB) - 2023
- Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (CIF) - 2023
- Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia
- Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (FOB) - 2023
The average export price for fertilizers; mineral or chemical, nitrogenoi stood at $321 per ton in November 2023, which is down by -3.7% against the previous month. Overall, the export price saw a deep setback. The pace of growth was the most pronounced in August 2023 when the average export price increased by 21% against the previous month. The export price peaked at $594 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In November 2023, the highest price was recorded for prices to Peru ($363 per ton) and Paraguay ($356 per ton), while the average price for exports to Brazil ($315 per ton) and Argentina ($324 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (-1.8%), while the prices for the other major destinations experienced a decline.
Price for Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (CIF) - 2023
In November 2023, the average import price for fertilizers; mineral or chemical, nitrogenoi amounted to $606 per ton, declining by -1.7% against the previous month. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in October 2023 an increase of 5.3% month-to-month. Over the period under review, average import prices attained the maximum at $817 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($971 per ton), while the price for Chile ($553 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia
Fertilizers; mineral or chemical, nitrogenous exports from Bolivia soared to 331K tons in 2022, rising by 290% against 2021. Overall, exports showed a temperate increase. The growth pace was the most rapid in 2021 with an increase of 291%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, fertilizers; mineral or chemical, nitrogenous exports soared to $194M in 2022. In general, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 541% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 43.5 | 0.5 | 3.8 | 87.5 | 26.2% |
| Brazil | 16.8 | 2.9 | 26.6 | 83.3 | 70.5% |
| Peru | 0.2 | 0.1 | 0.2 | 15.6 | 327.3% |
| Uruguay | 7.2 | 0.2 | N/A | 7.3 | 0.5% |
| Paraguay | 7.5 | 1.0 | N/A | 0.6 | -56.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 75.2 | 4.8 | 30.6 | 194 | 37.1% |
Top Export Markets for Fertilizers; Mineral or Chemical, Nitrogenous from Bolivia in 2022:
- Brazil (148.0K tons)
- Argentina (144.2K tons)
- Peru (24.8K tons)
- Uruguay (12.9K tons)
- Paraguay (1.1K tons)
Imports of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia
In 2022, overseas purchases of fertilizers; mineral or chemical, nitrogenoi decreased by -35.7% to 31K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 36%. As a result, imports attained the peak of 48K tons, and then fell sharply in the following year.
In value terms, fertilizers; mineral or chemical, nitrogenous imports fell to $24M in 2022. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 82% against the previous year. As a result, imports attained the peak of $26M, and then contracted in the following year.
| Import of Fertilizers; Mineral or Chemical, Nitrogenous in Bolivia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 10.0 | 5.6 | 10.8 | 19.2 | 24.3% |
| China | 0.3 | 0.4 | 3.2 | 1.6 | 74.7% |
| Brazil | 0.3 | 0.4 | 1.6 | 1.0 | 49.4% |
| United States | 0.2 | 0.4 | 0.5 | 0.7 | 51.8% |
| Peru | 0.7 | 1.7 | 3.2 | 0.4 | -17.0% |
| Russia | 0.6 | 4.8 | 5.3 | N/A | 197.2% |
| Others | 1.5 | 0.9 | 1.4 | 1.1 | -9.8% |
| Total | 13.7 | 14.3 | 26.0 | 24.0 | 20.5% |
Top Suppliers of Fertilizers; Mineral or Chemical, Nitrogenous to Bolivia in 2022:
- Chile (23.8K tons)
- China (3.2K tons)
- United States (1.4K tons)
- Brazil (1.0K tons)
- Peru (0.5K tons)
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