Phosphates; of Potassium Price in Croatia - 2023

Contents:

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

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

The average phosphates; of potassium import price stood at $2,863 per ton in 2022, surging by 16% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price increased by +80.8% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 34%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($5,237 per ton), while the price for the Netherlands ($2,406 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average phosphates; of potassium export price stood at $38,626 per ton in 2022, which is down by -14.1% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 95% against the previous year. The export price peaked at $44,968 per ton in 2021, and then declined in the following year.

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 Slovenia ($47,337 per ton), while the average price for exports to Albania ($6,494 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 Slovenia (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphates; of Potassium Imports in Croatia

In 2022, the amount of phosphates; of potassia imported into Croatia surged to 260 tons, with an increase of 203% compared with 2021. In general, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, phosphates; of potassium imports skyrocketed to $746K in 2022. Overall, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Phosphates; of Potassium in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands9.3N/A48.3256201.9%
ChinaN/AN/AN/A2340%
Greece18.843.642.699.874.4%
Slovenia35.827.054.174.527.7%
Belgium5.97.223.916.540.9%
RussiaN/A57.1N/AN/A0%
Hungary38.9N/AN/AN/A0%
Others20.532.842.465.046.9%
Total12916821174679.5%

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

  1. Netherlands (106.4 tons)
  2. China (96.0 tons)
  3. Greece (33.6 tons)
  4. Slovenia (14.2 tons)
  5. Belgium (6.0 tons)

Phosphates; of Potassium Exports in Croatia

For the third consecutive year, Croatia recorded decline in shipments abroad of phosphates; of potassia, which decreased by 0% to 155 kg in 2022. Over the period under review, exports saw a significant curtailment. The smallest decline of -28.7% was in 2020.

In value terms, phosphates; of potassium exports fell to $6K in 2022. In general, exports saw a abrupt decline. The smallest decline of -4% was in 2021.

Export of Phosphates; of Potassium in Croatia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Slovenia6.15.65.85.7-2.2%
AlbaniaN/A0.1N/A0.241.4%
KosovoN/A0.5N/A0.1-55.3%
Bosnia and Herzegovina1.51.00.50.1-59.5%
Others0.1N/A0.6N/A144.9%
Total7.77.37.06.0-8.0%

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

  1. Slovenia (120.0 kg)
  2. Albania (25.0 kg)
  3. Bosnia and Herzegovina (5.0 kg)
  4. Kosovo (5.0 kg)

Source: IndexBox Market Intelligence Platform

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