Brazil - Phosphates Of Mono- Or Di-Sodium - Market Analysis, Forecast, Size, Trends And Insights
Sodium Phosphates Price in Brazil Shrinks to $2,829 per Ton
Brazil Sodium Phosphates Import Price in August 2022
In August 2022, the sodium phosphates price amounted to $2,829 per ton (CIF, Brazil), shrinking by -2.9% against the previous month. In general, the import price saw a perceptible slump. The most prominent rate of growth was recorded in April 2022 when the average import price increased by 45% month-to-month. Over the period under review, average import prices hit record highs at $4,343 per ton in May 2022; however, from June 2022 to August 2022, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($146,800 per ton), while the price for China ($2,590 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by France (+167.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Brazil Sodium Phosphates Imports
In August 2022, the amount of phosphates of mono- or di-sodium imported into Brazil skyrocketed to 224 tons, jumping by 90% on the previous month's figure. In general, imports saw a significant increase. The most prominent rate of growth was recorded in February 2022 with an increase of 423% m-o-m. Over the period under review, imports reached the maximum in August 2022.
In value terms, sodium phosphates imports soared to $632K (IndexBox estimates) in August 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in February 2022 with an increase of 199% m-o-m. Over the period under review, imports attained the maximum in August 2022.
Brazil Sodium Phosphates Imports by Country
In August 2022, China (212 tons) was the main sodium phosphates supplier to Brazil, with a 95% share of total imports. Moreover, sodium phosphates imports from China exceeded the figures recorded by the second-largest supplier, Germany (11 tons), more than tenfold.
From January 2022 to August 2022, the average monthly rate of growth in terms of volume from China totaled +53.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-12.0% per month) and the United States (-29.9% per month).
In value terms, China ($549K) constituted the largest supplier of sodium phosphates to Brazil, comprising 87% of total imports. The second position in the ranking was held by Germany ($53K), with an 8.3% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of value from China amounted to +48.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-7.7% per month) and the United States (-5.5% per month).
This report provides an in-depth analysis of the sodium phosphates market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET