Belarus’ potash fertilizers export up 14.68% in 2020 to 7.143m tonnes

MINSK, Feb 24 - PrimePress. Belarus increased the export of potash fertilizers in January-December 2020 by 14.68% year on year to 7.143 million tonnes in terms of 100% nutrient content, reads the official statistical report. In value terms, the export decreased in 2020 by 10.26% year on year to $2.721 billion. The largest amounts of potash fertilizers were supplied to Brazil - 1.520 million tonnes (up 40.57% against 2019) worth $568 million (down 4.44%); China - 1.057 million tonnes (down 25.67%) worth $377.8 million (down 4.21%); India – 872,571 tonnes (up 5.72%) worth $342.5 million (down 12.87%). The decrease was due to the unfavourable price environment in the global potash market since mid-2019. Supply/demand imbalances resulted in a slide in prices. Many major potash market actors, including Belaruskali (Soligorsk, Minsk Oblast), had to reduce output. Belaruskali OJSC (Soligorsk, Minsk Oblast) had to reduce output and only utilize nearly 30% of its capacities from September 2019 to April 2020 due to demand/supply imbalances that resulted in falling prices of potash fertilizers. Besides, negotiations between the Belarusian Potash Company (Belaruskali trader) and China on a new long-term contract were complicated by the COVID-19 pandemic. As a result, Belaruskali did not have long-term supply contracts with China from July 2019 to April 2020, and with India from July to October 2019. The BPC managed to enter into a contract with China as late as the end of April 2020 on supplies at $220 per tonne ($70 below the previous contract price) and with India on May 18, 2020 at $230 per tonne ($50 below the previous price). As previously reported, Belarus reduced the export of potash fertilizers in 2019 by 5.8% year on year to 6.23 million tonnes in terms of 100% nutrient content. In value terms, the export increased in 2019 by 2.3% yoy to $2.78 billion. The average export price of Belarusian potash fertilizers in 2019 stood at $445.8 per tonne (up 11.3% from 2018). Export of potash fertilizers from Belarus in 2020 <table cellspacing="0" cellpadding="0"> <tbody> <tr> <td> Country </td> <td> Jan-Dec 2019, tonnes </td> <td> Jan-Dec 2019, million USD </td> <td> Jan-Dec 2020, tonnes </td> <td> Jan-Dec 2020, million USD </td> </tr> <tr> <td> Brazil </td> <td> 1,082,012.3 </td> <td> 594.4 </td> <td> 1,520,998.8 </td> <td> 568.0 </td> </tr> <tr> <td> China </td> <td> 841,497.3 </td> <td> 394.4 </td> <td> 1,057,518.2 </td> <td> 377.8 </td> </tr> <tr> <td> India </td> <td> 825,358.0 </td> <td> 393.1 </td> <td> 872,571.5 </td> <td> 342.5 </td> </tr> <tr> <td> Indonesia </td> <td> 409,236.8 </td> <td> 201.7 </td> <td> 418,942.7 </td> <td> 171.2 </td> </tr> <tr> <td> Malaysia </td> <td> 203,379.1 </td> <td> 96.6 </td> <td> 329,993.9 </td> <td> 133.8 </td> </tr> <tr> <td> US </td> <td> 331,983.4 </td> <td> 137.1 </td> <td> 327,723.8 </td> <td> 109.5 </td> </tr> <tr> <td> Bangladesh </td> <td> 270,944.9 </td> <td> 131.8 </td> <td> 240,419.5 </td> <td> 92.4 </td> </tr> <tr> <td> Norway </td> <td> 204,642.9 </td> <td> 84.2 </td> <td> 225,300.2 </td> <td> 74.2 </td> </tr> <tr> <td> Poland </td> <td> 221,751.0 </td> <td> 113.1 </td> <td> 165,011.3 </td> <td> 73.9 </td> </tr> <tr> <td> Morocco </td> <td> 105,019.6 </td> <td> 45.8 </td> <td> 191,917.5 </td> <td> 62.3 </td> </tr> <tr> <td> Thailand </td> <td> 88,710.0 </td> <td> 46.5 </td> <td> 129,663.7 </td> <td> 58.6 </td> </tr> <tr> <td> Belgium </td> <td> 153,565.2 </td> <td> 75.2 </td> <td> 136,936.5 </td> <td> 58.4 </td> </tr> <tr> <td> Vietnam </td> <td> 186,114.9 </td> <td> 90.3 </td> <td> 131,912.7 </td> <td> 56.0 </td> </tr> <tr> <td> Ukraine </td> <td> 97,525.5 </td> <td> 48.6 </td> <td> 116,274.7 </td> <td> 55.1 </td> </tr> <tr> <td> Colombia </td> <td> 93,435.8 </td> <td> 41.7 </td> <td> 148,815.2 </td> <td> 48.8 </td> </tr> <tr> <td> Turkey </td> <td> 72,068.0 </td> <td> 34.7 </td> <td> 119,388.2 </td> <td> 46.2 </td> </tr> <tr> <td> Korea </td> <td> 68,185.5 </td> <td> 37.7 </td> <td> 75,421.0 </td> <td> 35.0 </td> </tr> <tr> <td> Sri Lanka </td> <td> 65,932.8 </td> <td> 33.1 </td> <td> 78,615.7 </td> <td> 29.3 </td> </tr> <tr> <td> Cote d’Ivoire </td> <td> 53,918.0 </td> <td> 25.6 </td> <td> 58,701.7 </td> <td> 21.1 </td> </tr> <tr> <td> Italy </td> <td> 41,020.2 </td> <td> 21.2 </td> <td> 43,108.7 </td> <td> 20.0 </td> </tr> <tr> <td> Uruguay </td> <td> 49,949.9 </td> <td> 24.2 </td> <td> 59,484.2 </td> <td> 19.2 </td> </tr> <tr> <td> Sweden </td> <td> 48,026.7 </td> <td> 20.3 </td> <td> 53,463.3 </td> <td> 18.5 </td> </tr> <tr> <td> Japan </td> <td> 39,201.0 </td> <td> 21.2 </td> <td> 37,234.5 </td> <td> 18.4 </td> </tr> <tr> <td> Russia </td> <td> 87,534.9 </td> <td> 35.7 </td> <td> 57,428.5 </td> <td> 18.0 </td> </tr> <tr> <td> Taiwan (China) </td> <td> 26,957.0 </td> <td> 12.8 </td> <td> 45,816.8 </td> <td> 17.4 </td> </tr> <tr> <td> Australia </td> <td> 41,994.0 </td> <td> 23.3 </td> <td> 29,420.2 </td> <td> 15.7 </td> </tr> <tr> <td> New Zealand </td> <td> 55,258.8 </td> <td> 24.6 </td> <td> 40,345.4 </td> <td> 15.7 </td> </tr> <tr> <td> Ecuador </td> <td> 16,415.9 </td> <td> 7.4 </td> <td> 46,046.2 </td> <td> 15.5 </td> </tr> <tr> <td> Guatemala </td> <td> 38,907.0 </td> <td> 17.1 </td> <td> 38,821.5 </td> <td> 12.9 </td> </tr> <tr> <td> Mali </td> <td> 38,280.0 </td> <td> 16.9 </td> <td> 29,700.0 </td> <td> 10.7 </td> </tr> <tr> <td> Mexico </td> <td> 18,494.9 </td> <td> 8.5 </td> <td> 32,201.7 </td> <td> 10.6 </td> </tr> <tr> <td> SAR </td> <td> 25,515.0 </td> <td> 11.0 </td> <td> 30,167.0 </td> <td> 10.2 </td> </tr> <tr> <td> Costa Rica </td> <td> 22,734.7 </td> <td> 10.6 </td> <td> 23,006.8 </td> <td> 8.1 </td> </tr> <tr> <td> Cameroon </td> <td> 15,514.9 </td> <td> 6.9 </td> <td> 20,811.8 </td> <td> 7.3 </td> </tr> <tr> <td> Myanmar </td> <td> 24,028.3 </td> <td> 12.9 </td> <td> 14,149.1 </td> <td> 7.2 </td> </tr> <tr> <td> Pakistan </td> <td> 20,033.8 </td> <td> 9.5 </td> <td> 15,771.8 </td> <td> 6.8 </td> </tr> <tr> <td> Lithuania </td> <td> 14,393.6 </td> <td> 7.2 </td> <td> 12,576.8 </td> <td> 6.0 </td> </tr> <tr> <td> Hungary </td> <td> 3,571.9 </td> <td> 1.9 </td> <td> 11,904.2 </td> <td> 5.4 </td> </tr> <tr> <td> Czech Republic </td> <td> 16,431.0 </td> <td> 8.2 </td> <td> 12,963.5 </td> <td> 5.4 </td> </tr> <tr> <td> Honduras </td> <td> 14,362.8 </td> <td> 6.8 </td> <td> 16,274.0 </td> <td> 5.1 </td> </tr> <tr> <td> Senegal </td> <td> 23,095.2 </td> <td> 9.6 </td> <td> 14,679.5 </td> <td> 4.8 </td> </tr> <tr> <td> Portugal </td> <td> - </td> <td> - </td> <td> 9,350.3 </td> <td> 4.0 </td> </tr> <tr> <td> Canada </td> <td> 773.8 </td> <td> 0.5 </td> <td> 9,403.4 </td> <td> 3.5 </td> </tr> <tr> <td> Latvia </td> <td> 2,886.6 </td> <td> 1.5 </td> <td> 5,913.8 </td> <td> 2.7 </td> </tr> <tr> <td> Zimbabwe </td> <td> - </td> <td> - </td> <td> 6,840.4 </td> <td> 2.7 </td> </tr> <tr> <td> Ireland </td> <td> 2,340.0 </td> <td> 1.3 </td> <td> 5,130.0 </td> <td> 2.5 </td> </tr> <tr> <td> Croatia </td> <td> 21,346.7 </td> <td> 10.9 </td> <td> 5,408.5 </td> <td> 2.1 </td> </tr> <tr> <td> Romania </td> <td> 2,840.1 </td> <td> 1.5 </td> <td> 4,315.4 </td> <td> 2.1 </td> </tr> <tr> <td> Nigeria </td> <td> 15,963.6 </td> <td> 7.6 </td> <td> 3,853.2 </td> <td> 2,0 </td> </tr> <tr> <td> TOTAL </td> <td> 6,229,133.2 </td> <td> 3,032.4 </td> <td> 7,143,382.1 </td> <td> 2,721.9 </td> </tr> </tbody> </table>

2021-02-25

Primepress

Primepress ltd

220074

Belarus

Minsk

+37529184 06 73

primepress.by

Belarus’ potash fertilizers export up 14.68% in 2020 to 7.143m tonnes

MINSK, Feb 24 - PrimePress. Belarus increased the export of potash fertilizers in January-December 2020 by 14.68% year on year to 7.143 million tonnes in terms of 100% nutrient content, reads the official statistical report.

In value terms, the export decreased in 2020 by 10.26% year on year to $2.721 billion.

The largest amounts of potash fertilizers were supplied to Brazil - 1.520 million tonnes (up 40.57% against 2019) worth $568 million (down 4.44%); China - 1.057 million tonnes (down 25.67%) worth $377.8 million (down 4.21%); India – 872,571 tonnes (up 5.72%) worth $342.5 million (down 12.87%).

The decrease was due to the unfavourable price environment in the global potash market since mid-2019. Supply/demand imbalances resulted in a slide in prices. Many major potash market actors, including Belaruskali (Soligorsk, Minsk Oblast), had to reduce output.

Belaruskali OJSC (Soligorsk, Minsk Oblast) had to reduce output and only utilize nearly 30% of its capacities from September 2019 to April 2020 due to demand/supply imbalances that resulted in falling prices of potash fertilizers.

Besides, negotiations between the Belarusian Potash Company (Belaruskali trader) and China on a new long-term contract were complicated by the COVID-19 pandemic. As a result, Belaruskali did not have long-term supply contracts with China from July 2019 to April 2020, and with India from July to October 2019. The BPC managed to enter into a contract with China as late as the end of April 2020 on supplies at $220 per tonne ($70 below the previous contract price) and with India on May 18, 2020 at $230 per tonne ($50 below the previous price).

As previously reported, Belarus reduced the export of potash fertilizers in 2019 by 5.8% year on year to 6.23 million tonnes in terms of 100% nutrient content. In value terms, the export increased in 2019 by 2.3% yoy to $2.78 billion. The average export price of Belarusian potash fertilizers in 2019 stood at $445.8 per tonne (up 11.3% from 2018).

Export of potash fertilizers from Belarus in 2020

Country	Jan-Dec 2019, tonnes	Jan-Dec 2019, million USD	Jan-Dec 2020, tonnes	Jan-Dec 2020, million USD
Brazil	1,082,012.3	594.4	1,520,998.8	568.0
China	841,497.3	394.4	1,057,518.2	377.8
India	825,358.0	393.1	872,571.5	342.5
Indonesia	409,236.8	201.7	418,942.7	171.2
Malaysia	203,379.1	96.6	329,993.9	133.8
US	331,983.4	137.1	327,723.8	109.5
Bangladesh	270,944.9	131.8	240,419.5	92.4
Norway	204,642.9	84.2	225,300.2	74.2
Poland	221,751.0	113.1	165,011.3	73.9
Morocco	105,019.6	45.8	191,917.5	62.3
Thailand	88,710.0	46.5	129,663.7	58.6
Belgium	153,565.2	75.2	136,936.5	58.4
Vietnam	186,114.9	90.3	131,912.7	56.0
Ukraine	97,525.5	48.6	116,274.7	55.1
Colombia	93,435.8	41.7	148,815.2	48.8
Turkey	72,068.0	34.7	119,388.2	46.2
Korea	68,185.5	37.7	75,421.0	35.0
Sri Lanka	65,932.8	33.1	78,615.7	29.3
Cote d’Ivoire	53,918.0	25.6	58,701.7	21.1
Italy	41,020.2	21.2	43,108.7	20.0
Uruguay	49,949.9	24.2	59,484.2	19.2
Sweden	48,026.7	20.3	53,463.3	18.5
Japan	39,201.0	21.2	37,234.5	18.4
Russia	87,534.9	35.7	57,428.5	18.0
Taiwan (China)	26,957.0	12.8	45,816.8	17.4
Australia	41,994.0	23.3	29,420.2	15.7
New Zealand	55,258.8	24.6	40,345.4	15.7
Ecuador	16,415.9	7.4	46,046.2	15.5
Guatemala	38,907.0	17.1	38,821.5	12.9
Mali	38,280.0	16.9	29,700.0	10.7
Mexico	18,494.9	8.5	32,201.7	10.6
SAR	25,515.0	11.0	30,167.0	10.2
Costa Rica	22,734.7	10.6	23,006.8	8.1
Cameroon	15,514.9	6.9	20,811.8	7.3
Myanmar	24,028.3	12.9	14,149.1	7.2
Pakistan	20,033.8	9.5	15,771.8	6.8
Lithuania	14,393.6	7.2	12,576.8	6.0
Hungary	3,571.9	1.9	11,904.2	5.4
Czech Republic	16,431.0	8.2	12,963.5	5.4
Honduras	14,362.8	6.8	16,274.0	5.1
Senegal	23,095.2	9.6	14,679.5	4.8
Portugal	-	-	9,350.3	4.0
Canada	773.8	0.5	9,403.4	3.5
Latvia	2,886.6	1.5	5,913.8	2.7
Zimbabwe	-	-	6,840.4	2.7
Ireland	2,340.0	1.3	5,130.0	2.5
Croatia	21,346.7	10.9	5,408.5	2.1
Romania	2,840.1	1.5	4,315.4	2.1
Nigeria	15,963.6	7.6	3,853.2	2,0
TOTAL	6,229,133.2	3,032.4	7,143,382.1	2,721.9

2021-02-25

Возврат к списку