Phosphates; of Potassium Price in Argentina - 2023

Contents:

  1. Phosphates; of Potassium Price in Argentina (CIF) - 2022
  2. Phosphates; of Potassium Price in Argentina (FOB) - 2022
  3. Phosphates; of Potassium Imports in Argentina
  4. Phosphates; of Potassium Exports in Argentina

Phosphates; of Potassium Price in Argentina (CIF) - 2022

In 2022, the average phosphates; of potassium import price amounted to $4,270 per ton, jumping by 62% against the previous year. In general, the import price continues to indicate perceptible growth. The import price peaked at $4,459 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($6,739 per ton), while the price for China ($2,069 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Price in Argentina (FOB) - 2022

The average phosphates; of potassium export price stood at $15,816 per ton in 2022, rising by 15% against the previous year. Overall, the export price posted a strong increase. The pace of growth appeared the most rapid in 2013 an increase of 92%. The export price peaked at $16,602 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($111,443 per ton), while the average price for exports to Chile ($3,296 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 Mexico (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Phosphates; of Potassium Imports in Argentina

In 2022, approx. 84 tons of phosphates; of potassia were imported into Argentina; dropping by -48.1% on the previous year's figure. In general, imports saw a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 77%. As a result, imports attained the peak of 161 tons, and then dropped dramatically in the following year.

In value terms, phosphates; of potassium imports reduced dramatically to $357K in 2022. Overall, total imports indicated a tangible expansion from 2019 to 2022: its value increased at an average annual rate of +3.1% 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 +36.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of $426K, and then contracted notably in the following year.

Import of Phosphates; of Potassium in Argentina (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11766.194.876.1-13.4%
Germany81.573.884.975.9-2.3%
France48.324.638.731.1-13.6%
Chile20.023.632.123.14.9%
Italy22.828.325.820.7-3.2%
Mexico4.86.78.36.711.8%
RussiaN/AN/A37.9N/A0%
Others31.038.510312458.7%
Total3262624263573.1%

Top Suppliers of Phosphates; of Potassium to Argentina in 2022:

  1. China (36.8 tons)
  2. Germany (11.5 tons)
  3. Italy (7.4 tons)
  4. Chile (5.6 tons)
  5. France (4.6 tons)
  6. Mexico (2.3 tons)

Phosphates; of Potassium Exports in Argentina

After two years of decline, shipments abroad of phosphates; of potassia increased by 33% to 242 kg in 2022. Over the period under review, exports, however, continue to indicate a abrupt curtailment.

In value terms, phosphates; of potassium exports soared to $3.8K in 2022. Overall, exports, however, showed a perceptible slump.

Export of Phosphates; of Potassium in Argentina (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico2,0472,1161,4701,806-4.1%
Bolivia30897189.088942.4%
Paraguay7471,189459725-1.0%
Chile787644354345-24.0%
Uruguay24615742.014.0-61.5%
Others80.072.088.047.0-16.2%
Total4,2155,1492,5023,826-3.2%

Top Export Markets for Phosphates; of Potassium from Argentina in 2022:

  1. Chile (105.0 kg)
  2. Bolivia (61.0 kg)
  3. Paraguay (55.0 kg)
  4. Mexico (16.0 kg)
  5. Uruguay (1.0 kg)

Source: IndexBox Market Intelligence Platform

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