Source: Doanhnghieptiepthi.vn
According to preliminary statistics of the General Department of Customs, in August 2024 the country imported 448,923 tons of fertilizer, equivalent to 157.52 million USD, average price 350.9 USD/ton, an increase of 5.8% in volume. , an increase of 14.9% in turnover and an increase of 8.6% in price compared to July 2024. Compared to August 2023, it decreased by 4.6% in volume, decreased by 0.8% in turnover but increased by 4% in price.
In August 2024, fertilizer imports from the main market China decreased by 15.2% in volume, but increased by 2.8% in turnover and 21.2% in price compared to July 2024, reaching 181,280 tons. , equivalent to 72.68 million USD, price 400.9 USD/ton; Compared to August 2023, it increased by 8.7% in volume, 44.4% in turnover and 32.9% in price.
Imports from the Russian market in August 2024 increased sharply by 1,372% in volume and 919.3% in turnover but decreased 30.7% in price compared to July 2024, reaching 70,069 tons, equivalent to over 22.43 million. USD, price 320 USD/ton; Compared to August 2023, there is a decrease of 38% in volume, a decrease of 54.8% in turnover and a decrease of 27% in price.
The country’s imported fertilizer volume will increase sharply in the first 8 months of 2024. Photo: Internet
In the first 8 months of 2024, the country’s imported fertilizer volume reached nearly 3.5 million tons, worth nearly 1.14 billion USD, the average price reached 324.8 USD/ton, an increase of 43.6% in volume. quantity, up 36.9% in turnover but down 4.6% in price compared to the first 8 months of 2023.
China still leads the fertilizer supply market for Vietnam, accounting for 40.9% of the total volume and 36.7% of the country’s total fertilizer import turnover, reaching nearly 1.43 million tons, equivalent to 439.13 million USD, average price 307.6 USD/ton, up over 17% in both volume and turnover but down 0.1% in price compared to the first 8 months of 2023.
Next, the Russian market ranked second, accounting for 12.4% of the total volume and 16.6% of the total turnover, with 434,472 tons, equivalent to 187.91 million USD, average price of 432.5 USD/ton, up 133.3% in volume, up 112.4% in turnover but down 9% in price compared to the first 8 months of 2023.
Fertilizer imports from the Laos market reached 240,561 tons, equivalent to 62.13 million USD, an increase of 27.2% in volume, but a decrease of 5.7% in turnover over the same period, accounting for over 6.9% of the total volume. and accounts for 5.5% of the country’s total fertilizer import turnover.
Notably, a fertilizer supplier that is stepping up to bring fertilizer to Vietnam with 4-digit growth is Israel. Specifically, in 8 months, our country imported more than 79 thousand tons of fertilizer from this market, worth more than 30 million USD, a sharp increase of 3,028% in volume and 711% in value compared to the same period in 2023. Worth mentioning. While output increased sharply, import prices witnessed a sharp decrease. On average in 8 months, fertilizer imported from Israel cost 379 USD/ton, while in the same period the price reached 1,462 USD/ton, equivalent to a decrease of nearly 4 times.
In general, in the first 8 months of 2024, fertilizer imports from most markets increased compared to the first 8 months of 2023.
