
U.S. - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends And Insights
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Phosphoric Acid Price per Ton May 2022
U.S. Phosphoric Acid Price per Ton May 2022
The phosphoric acid price per ton stood at $319 (FOB, US) in May 2022, declining by -67.7% against the previous month. Over the period under review, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in Feb 2022 when the average export price increased by 184% m-o-m. Over the period under review, the average export prices reached the maximum at $1,306 per ton in Mar 2022; however, from Apr 2022 to May 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,231 per ton), while the average price for exports to Mexico ($141 per ton) was amongst the lowest.
From Jan 2022 to May 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.1%), while the prices for the other major destinations experienced a decline.
U.S. Phosphoric Acid Exports
In May 2022, the amount of phosphoric acid and polyphosphoric acids exported from the United States skyrocketed to 114K tons, jumping by 97% compared with the previous month's figure. Over the period under review, exports saw a modest increase. The most prominent rate of growth was recorded in Apr 2022 when exports increased by 182% m-o-m. Over the period under review, the exports reached the maximum in May 2022 and are expected to retain growth in the immediate term.
In value terms, phosphoric acid exports reduced rapidly to $36M (IndexBox estimates) in May 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in Apr 2022 when exports increased by 113% m-o-m. As a result, the exports reached the peak of $57M, and then declined rapidly in the following month.
U.S. Phosphoric Acid Exports by Country
Mexico (96K tons) was the main destination for phosphoric acid exports from the United States, with a 84% share of total exports. Moreover, phosphoric acid exports to Mexico exceeded the volume sent to the second major destination, Canada (15K tons), sixfold. From Jan 2022 to May 2022, the average monthly growth rate of volume to Mexico stood at +10.0%.
In value terms, Canada ($18M), Mexico ($14M) and Colombia ($2.5M) appeared to be the largest markets for phosphoric acid exported from the United States worldwide, with a combined 95% share of total exports.
Colombia saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the phosphoric acid market in the U.S.. 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
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