Phosphates; of Potassium Price in South Africa - 2023
Contents:
- Phosphates; of Potassium Price in South Africa (CIF) - 2023
- Phosphates; of Potassium Price in South Africa (FOB) - 2022
- Phosphates; of Potassium Imports in South Africa
- Phosphates; of Potassium Exports in South Africa
Phosphates; of Potassium Price in South Africa (CIF) - 2023
In September 2023, the average phosphates; of potassium import price amounted to $1,482 per ton, reducing by -24.2% against the previous month. In general, the import price saw a noticeable contraction. The growth pace was the most rapid in April 2023 when the average import price increased by 27% against the previous month. The import price peaked at $3,249 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -3.8% per month.
Phosphates; of Potassium Price in South Africa (FOB) - 2022
The average phosphates; of potassium export price stood at $3,801 per ton in 2022, rising by 35% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium export price increased by +56.3% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 83% against the previous year. Over the period under review, the average export prices hit record highs at $4,401 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zimbabwe ($4,165 per ton), while the average price for exports to Democratic Republic of the Congo ($1,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.
Phosphates; of Potassium Imports in South Africa
In 2022, approx. 9.9K tons of phosphates; of potassia were imported into South Africa; with an increase of 144% against the previous year's figure. Overall, imports showed significant growth.
In value terms, phosphates; of potassium imports soared to $16M in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 7.9 | 0% |
| China | 4.8 | 8.8 | 5.3 | 7.5 | 16.0% |
| Israel | 0.3 | 0.2 | 0.4 | 0.1 | -30.7% |
| Others | 0.6 | 0.2 | 0.5 | 0.4 | -12.6% |
| Total | 5.7 | 9.2 | 6.2 | 15.8 | 40.5% |
Top Suppliers of Phosphates; of Potassium to South Africa in 2022:
- Israel (undefinedK tons)
- Russia (6.8K tons)
- China (2.9K tons)
Phosphates; of Potassium Exports in South Africa
After three years of growth, overseas shipments of phosphates; of potassia decreased by -2.6% to 178 tons in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 213%.
In value terms, phosphates; of potassium exports skyrocketed to $676K in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 236%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
| Export of Phosphates; of Potassium in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zimbabwe | 0.9 | 120 | 370 | 476 | 708.7% |
| Zambia | 38.7 | 107 | 121 | 175 | 65.4% |
| Swaziland | 28.8 | 11.5 | 0.2 | 7.4 | -36.4% |
| Democratic Republic of the Congo | 0.6 | 1.1 | 3.1 | 4.9 | 101.4% |
| Others | 6.0 | 12.2 | 18.1 | 12.5 | 27.7% |
| Total | 75.0 | 252 | 513 | 676 | 108.1% |
Top Export Markets for Phosphates; of Potassium from South Africa in 2022:
- Zimbabwe (114.2 tons)
- Zambia (53.7 tons)
- Democratic Republic of the Congo (3.6 tons)
- Swaziland (2.6 tons)
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This report provides an in-depth analysis of the global market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate).
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This report provides an in-depth analysis of the global dicalcium phosphate market.
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This report provides an in-depth analysis of the global sodium phosphates market.
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This report provides an in-depth analysis of the global phosphinates and phosphonates market.
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This report provides an in-depth analysis of the global sodium triphosphate market.
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In February 2023, the dicalcium phosphate price stood at $934 per ton (FOB, South Africa), reducing by -18.8% against the previous month.
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Imports of Sodium Triphosphate reached a peak of 6.7K tons in 2014, but from 2015 to 2023, figures were slightly lower. In terms of value, imports of Sodium Triphosphate increased significantly to $7.3M in 2023.
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
267
In February 2023, the dicalcium phosphate price stood at $934 per ton (FOB, South Africa), reducing by -18.8% against the previous month.
100
Imports of Sodium Triphosphate reached a peak of 6.7K tons in 2014, but from 2015 to 2023, figures were slightly lower. In terms of value, imports of Sodium Triphosphate increased significantly to $7.3M in 2023.
843
In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
1282
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
