The import and export volume of nitrogen, phosphorus and potassium ternary compound fertilizer increased year-on-year.
China’s compound fertilizer import and export varieties are dominated by nitrogen-phosphorus-potassium ternary compound fertilizer as well as nitrogen-phosphorus binary fertilizer.
In terms of total volume, a total of 787,400 tons were imported from January to July 2023, an increase of 69.48% year-on-year. Among them, nitrogen, phosphorus and potassium ternary fertilizer imported 768,000 tons from January to July, an increase of 73.82% year-on-year, the cumulative average price of imports at 650.12 U.S. dollars per ton, down 11.41% year-on-year.
Ternary fertilizer imports increased significantly in the second quarter, which mainly depends on the international market downturn, low prices and coincided with the domestic South ushered in just demand season, followed by an increase in imported goods. And coincided with the domestic southern ushered in a demand boom, followed by an increase in imported goods.
Then let’s look at the import sources are still from the Russian Federation, Norway, Belgium, Finland, Germany and other major, the top five accounted for a total of 96%, of which the Russian Federation, Norway, the steady one or two places.
Export, affected by the policy, the fourth quarter of 2021 began to affect the export volume of some varieties of legal inspection. In 2022, urea, phosphate fertilizer, potash fertilizer, compound fertilizer exports are compared to 2021 declined significantly. Compound fertilizer in 2023 in the export side, nitrogen, phosphorus and potassium ternary fertilizer export volume appeared to increase. Up to now January-July ternary fertilizer exports 486,800 tons, an increase of 58.4%, the average export price of $ 479.75 / ton, down 11.4% year-on-year. Nitrogen and phosphorus ternary fertilizer export target countries increased to 78, which are mainly concentrated in Myanmar, the Philippines, Indonesia and other Southeast Asian countries.
