Price for Phosphates; N.E.S in Item No. 2835.2 in Australia - 2023

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in Australia (CIF) - 2023
2. Price for Phosphates; N.E.S in Item No. 2835.2 in Australia (FOB) - 2022
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in Australia
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in Australia

Price for Phosphates; N.E.S in Item No. 2835.2 in Australia (CIF) - 2023

In November 2023, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $1,345 per ton, with a decrease of -40.6% against the previous month. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in September 2023 an increase of 101% against the previous month. Over the period under review, average import prices attained the peak figure at $3,851 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Thailand ($2,476 per ton), while the price for China ($1,073 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 Germany (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphates; N.E.S in Item No. 2835.2 in Australia (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $3,947 per ton, declining by -2.9% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates; n.e.s in item no. 2835.2s increased by +34.9% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 57%. As a result, the export price reached the peak level of $4,191 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,198 per ton), while the average price for exports to Thailand ($1,654 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 the United States (+23.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphates; N.E.S in Item No. 2835.2 in Australia

In 2022, approx. 3.8K tons of phosphates; n.e.s in item no. 2835.2s were imported into Australia; increasing by 5.3% compared with the previous year. In general, imports showed prominent growth. The growth pace was the most rapid in 2021 with an increase of 115%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $7.8M in 2022. Over the period under review, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 119% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Australia in 2022:

1. China (2553.5 tons)
2. France (514.3 tons)
3. Germany (320.3 tons)
4. Hong Kong SAR (110.8 tons)
5. Sweden (92.0 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in Australia

Exports of phosphates; n.e.s in item no. 2835.2s from Australia surged to 209 tons in 2022, increasing by 55% against the previous year's figure. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 110% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s surged to $823K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 170% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Australia in 2022:

1. New Zealand (104.4 tons)
2. United States (59.1 tons)
3. Taiwan (Chinese) (23.9 tons)
4. Vietnam (8.0 tons)
5. Thailand (6.7 tons)
6. Papua New Guinea (5.4 tons)
7. Fiji (0.4 tons)

Source: IndexBox Market Intelligence Platform