Phosphates; of Potassium Price in China - 2023
Contents:
- Phosphates; of Potassium Price in China (FOB) - 2023
- Phosphates; of Potassium Price in China (CIF) - 2023
- Phosphates; of Potassium Exports in China
- Phosphates; of Potassium Imports in China
Phosphates; of Potassium Price in China (FOB) - 2023
The average phosphates; of potassium export price stood at $1,203 per ton in September 2023, almost unchanged from the previous month. Over the period under review, the export price, however, saw a perceptible decline. The most prominent rate of growth was recorded in February 2023 an increase of 2.4% m-o-m. Over the period under review, the average export prices reached the maximum at $1,919 per ton in September 2022; however, from October 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the countries with the highest prices were Malaysia ($1,405 per ton) and the United Arab Emirates ($1,335 per ton), while the average price for exports to Egypt ($1,086 per ton) and India ($1,112 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-3.1%), while the prices for the other major destinations experienced a decline.
Phosphates; of Potassium Price in China (CIF) - 2023
In September 2023, the average phosphates; of potassium import price amounted to $2,020 per ton, increasing by 5.9% against the previous month. Overall, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in October 2022 an increase of 424% m-o-m. As a result, import price attained the peak level of $12,451 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($10,937 per ton), while the price for Israel totaled $1,545 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (-3.3%).
Phosphates; of Potassium Exports in China
In 2022, the amount of phosphates; of potassia exported from China soared to 182K tons, rising by 29% on the year before. The total export volume increased at an average annual rate of +11.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphates; of potassium exports surged to $356M in 2022. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 10.2 | 12.5 | 22.3 | 47.9 | 67.5% |
| India | 26.7 | 38.5 | 37.7 | 45.2 | 19.2% |
| Thailand | 9.3 | 9.6 | 10.9 | 17.1 | 22.5% |
| United States | 2.5 | 1.2 | 10.5 | 14.6 | 80.1% |
| Indonesia | 6.4 | 7.1 | 10.9 | 13.4 | 27.9% |
| Saudi Arabia | 5.1 | 5.7 | 4.0 | 12.0 | 33.0% |
| South Africa | 5.7 | 6.0 | 6.4 | 11.1 | 24.9% |
| South Korea | 5.6 | 5.7 | 9.3 | 11.1 | 25.6% |
| Italy | 0.8 | 1.7 | 0.7 | 10.7 | 137.4% |
| Malaysia | 4.8 | 4.2 | 9.2 | 10.6 | 30.2% |
| Peru | 1.4 | 2.3 | 3.9 | 10.2 | 93.9% |
| Australia | 4.0 | 4.8 | 6.4 | 9.7 | 34.3% |
| Spain | 2.6 | 2.6 | 1.0 | 9.2 | 52.4% |
| Others | 63.6 | 73.1 | 62.9 | 133 | 27.9% |
| Total | 149 | 175 | 196 | 356 | 33.7% |
Top Export Markets for Phosphates; of Potassium from China in 2022:
- Mexico (25.2K tons)
- India (24.2K tons)
- Thailand (8.3K tons)
- United States (7.6K tons)
- Saudi Arabia (6.4K tons)
- Indonesia (6.4K tons)
- Italy (5.8K tons)
- South Korea (5.5K tons)
- South Africa (5.1K tons)
- Malaysia (5.0K tons)
- Peru (4.9K tons)
- Spain (4.8K tons)
- Australia (4.7K tons)
Phosphates; of Potassium Imports in China
In 2022, supplies from abroad of phosphates; of potassia decreased by -31.1% to 3.3K tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 36%. As a result, imports reached the peak of 5.9K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, phosphates; of potassium imports expanded markedly to $7.9M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 22%. As a result, imports attained the peak of $8.7M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Phosphates; of Potassium in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 5.2 | 7.0 | 5.7 | 5.9 | 4.3% |
| Germany | 0.6 | 0.6 | 0.9 | 1.3 | 29.4% |
| France | 0.3 | 0.4 | 0.4 | 0.3 | 0.0% |
| Belgium | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Others | 0.9 | 0.6 | 0.6 | 0.3 | -30.7% |
| Total | 7.1 | 8.7 | 7.6 | 7.9 | 3.6% |
Top Suppliers of Phosphates; of Potassium to China in 2022:
- Israel (2899.5 tons)
- Germany (234.4 tons)
- France (70.8 tons)
- Belgium (52.2 tons)
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