Phosphates; of Potassium Price in Finland - 2023

Contents:

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

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

In 2022, the average phosphates; of potassium import price amounted to $3,536 per ton, surging by 88% against the previous year. In general, the import price continues to indicate perceptible growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($4,811 per ton), while the price for the Netherlands ($1,413 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average phosphates; of potassium export price stood at $2,805 per ton in 2022, which is down by -18.4% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 49% against the previous year. The export price peaked at $3,436 per ton in 2021, and then declined dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($4,743 per ton), while the average price for exports to Poland ($2,629 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 the Netherlands (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphates; of Potassium Imports in Finland

Phosphates; of potassium imports into Finland expanded significantly to 1.2K tons in 2022, surging by 13% on the previous year's figure. The total import volume increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, phosphates; of potassium imports skyrocketed to $4.2M in 2022. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Phosphates; of Potassium in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belgium7078821,1641,99441.3%
Germany71.41803111,182154.9%
Israel26737345290550.2%
Czech RepublicN/AN/AN/A1110%
Netherlands80.325.05.322.8-34.3%
China3000.2N/AN/A-99.9%
Others79.268.964.334.9-23.9%
Total1,5051,5291,9974,24941.3%

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

  1. Belgium (558.1 tons)
  2. Israel (336.0 tons)
  3. Germany (261.9 tons)
  4. Czech Republic (23.0 tons)
  5. Netherlands (16.1 tons)

Phosphates; of Potassium Exports in Finland

In 2022, approx. 214 kg of phosphates; of potassia were exported from Finland; with a decrease of -4.9% on 2021 figures. In general, exports saw a dramatic decline. The pace of growth appeared the most rapid in 2021 when exports increased by 36%.

In value terms, phosphates; of potassium exports shrank significantly to $600 in 2022. Overall, exports saw a precipitous contraction. The growth pace was the most rapid in 2021 with an increase of 81% against the previous year.

Export of Phosphates; of Potassium in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PolandN/AN/AN/A0.40%
Estonia8.10.10.10.1-76.9%
Netherlands0.2N/AN/AN/A0%
Georgia43.00.3N/AN/A-99.3%
OthersN/AN/A0.6N/A0%
Total51.30.40.80.6-77.3%

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

  1. Poland (171.0 kg)
  2. Estonia (37.0 kg)
  3. Netherlands (5.0 kg)

Source: IndexBox Market Intelligence Platform

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