Phosphates; of Potassium Price in Ethiopia - 2022

Contents:

  1. Phosphates; of Potassium Price in Ethiopia (CIF) - 2022
  2. Phosphates; of Potassium Imports in Ethiopia

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

In 2022, the average phosphates; of potassium import price amounted to $2,882 per ton, growing by 76% against the previous year. In general, the import price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 243%. The import price peaked at $5,304 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,400 per ton), while the price for China ($1,460 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Imports in Ethiopia

In 2022, overseas purchases of phosphates; of potassia decreased by -80.7% to 33 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a significant decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year.

In value terms, phosphates; of potassium imports shrank significantly to $94K in 2022. Over the period under review, imports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 when imports increased by 99%.

Import of Phosphates; of Potassium in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
IsraelN/AN/A9.472.3669.1%
Belgium23.424.456.116.4-11.2%
China1.292.12094.656.5%
Germany28715.30.30.1-93.0%
Others17.17.41.70.6-67.3%
Total32813927794.0-34.1%

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

  1. Germany (undefined tons)
  2. Israel (24.4 tons)
  3. Belgium (5.0 tons)
  4. China (3.1 tons)

Source: IndexBox Market Intelligence Platform

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