Carbonates; Potassium Carbonate Price in Australia - 2023
Contents:
- Carbonates; Potassium Carbonate Price in Australia (CIF) - 2023
- Carbonates; Potassium Carbonate Price in Australia (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in Australia
- Carbonates; Potassium Carbonate Exports in Australia
Carbonates; Potassium Carbonate Price in Australia (CIF) - 2023
In July 2023, the average carbonates; potassium carbonate import price amounted to $1,291 per ton, with an increase of 7.7% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 when the average import price increased by 23% month-to-month. The import price peaked at $1,849 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($2,874 per ton), while the price for China ($924 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (-0.4%), while the prices for the other major suppliers experienced a decline.
Carbonates; Potassium Carbonate Price in Australia (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $1,145 per ton in 2022, surging by 71% against the previous year. Overall, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 an increase of 158%. As a result, the export price attained the peak level of $7,721 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($2,329 per ton), while the average price for exports to Taiwan (Chinese) ($763 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 India (+10.9%), while the prices for the other major destinations experienced a decline.
Carbonates; Potassium Carbonate Imports in Australia
For the fourth year in a row, Australia recorded growth in overseas purchases of carbonates; potassium carbonates, which increased by 12% to 9.7K tons in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 36%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, carbonates; potassium carbonate imports skyrocketed to $14M in 2022. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.1 | 5.0 | 4.9 | 9.5 | 45.3% |
| Taiwan (Chinese) | 1.3 | 1.3 | 2.0 | 2.8 | 29.1% |
| China | 0.4 | 0.4 | 0.5 | 1.0 | 35.7% |
| United Kingdom | 0.2 | 0.2 | 0.4 | 0.6 | 44.2% |
| Thailand | 0.3 | N/A | 0.1 | 0.4 | 10.1% |
| Others | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| Total | 5.4 | 7.1 | 8.1 | 14.3 | 38.4% |
Top Suppliers of Carbonates; Potassium Carbonate to Australia in 2022:
- South Korea (6.7K tons)
- Taiwan (Chinese) (1.8K tons)
- China (0.6K tons)
- Thailand (0.3K tons)
- United Kingdom (0.2K tons)
Carbonates; Potassium Carbonate Exports in Australia
For the fourth consecutive year, Australia recorded growth in shipments abroad of carbonates; potassium carbonates, which increased by 110% to 119 tons in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 with an increase of 345% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, carbonates; potassium carbonate exports surged to $136K in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Carbonates; Potassium Carbonate in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 10.9 | 28.7 | 28.5 | 99.5 | 109.0% |
| New Zealand | 3.4 | 16.2 | 9.2 | 24.2 | 92.4% |
| Taiwan (Chinese) | N/A | N/A | N/A | 11.4 | 0% |
| Others | 0.4 | 0.5 | 0.2 | 1.3 | 48.1% |
| Total | 14.8 | 45.4 | 37.9 | 136 | 109.5% |
Top Export Markets for Carbonates; Potassium Carbonate from Australia in 2022:
- Papua New Guinea (93.2 tons)
- Taiwan (Chinese) (15.0 tons)
- New Zealand (10.4 tons)
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