Phosphates; of Potassium Price in Germany - 2023
Contents:
- Phosphates; of Potassium Price in Germany (FOB) - 2023
- Phosphates; of Potassium Price in Germany (CIF) - 2023
- Phosphates; of Potassium Exports in Germany
- Phosphates; of Potassium Imports in Germany
Phosphates; of Potassium Price in Germany (FOB) - 2023
In August 2023, the average phosphates; of potassium export price amounted to $4,654 per ton, remaining constant against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 18% m-o-m. As a result, the export price attained the peak level of $5,296 per ton. From March 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was the UK ($6,103 per ton), while the average price for exports to Vietnam ($3,107 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphates; of Potassium Price in Germany (CIF) - 2023
In August 2023, the average phosphates; of potassium import price amounted to $2,534 per ton, dropping by -18.5% against the previous month. Overall, the import price showed a mild slump. The growth pace was the most rapid in December 2022 an increase of 20% against the previous month. As a result, import price attained the peak level of $3,704 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Netherlands ($3,283 per ton), while the price for Belgium ($2,031 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Exports in Germany
In 2022, approx. 13K tons of phosphates; of potassia were exported from Germany; picking up by 11% against the previous year. The total export volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, phosphates; of potassium exports soared to $61M in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.2 | 3.5 | 6.4 | 11.6 | 74.1% |
| Netherlands | 2.1 | 2.4 | 3.5 | 6.7 | 47.2% |
| Indonesia | 2.2 | 2.1 | 3.1 | 5.2 | 33.2% |
| Poland | 1.5 | 1.1 | 1.1 | 3.8 | 36.3% |
| Belgium | 1.5 | 1.3 | 1.9 | 3.0 | 26.0% |
| Italy | 1.3 | 1.4 | 1.5 | 2.9 | 30.7% |
| Singapore | 0.6 | 0.6 | 1.1 | 2.9 | 69.1% |
| Sweden | 1.9 | 2.1 | 2.1 | 2.7 | 12.4% |
| France | 1.6 | 1.6 | 1.6 | 2.0 | 7.7% |
| United Kingdom | 1.1 | 0.7 | 0.7 | 1.6 | 13.3% |
| Finland | 0.1 | 0.2 | 0.3 | 1.3 | 135.1% |
| Spain | 0.5 | 0.6 | 0.7 | 1.1 | 30.1% |
| Mexico | 1.0 | 1.1 | 0.4 | 0.9 | -3.5% |
| Others | 11.2 | 10.6 | 13.0 | 15.1 | 10.5% |
| Total | 28.7 | 29.1 | 37.6 | 60.8 | 28.4% |
Top Export Markets for Phosphates; of Potassium from Germany in 2022:
- United States (2946.9 tons)
- Netherlands (1474.5 tons)
- Indonesia (1144.2 tons)
- Poland (1103.0 tons)
- Italy (707.9 tons)
- Belgium (704.5 tons)
- Sweden (586.1 tons)
- Singapore (513.9 tons)
- France (452.9 tons)
- United Kingdom (352.0 tons)
- Finland (300.4 tons)
- Spain (249.4 tons)
- Mexico (238.0 tons)
Phosphates; of Potassium Imports in Germany
In 2022, purchases abroad of phosphates; of potassia was finally on the rise to reach 5.7K tons after two years of decline. Over the period under review, imports, however, recorded a noticeable downturn.
In value terms, phosphates; of potassium imports surged to $17M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 3.1 | 4.9 | 5.2 | 5.3 | 19.6% |
| China | 0.6 | 0.3 | 0.4 | 3.1 | 72.9% |
| United States | 1.6 | 1.7 | 2.6 | 2.9 | 21.9% |
| Israel | 2.3 | 2.0 | 1.2 | 2.4 | 1.4% |
| Netherlands | 0.2 | 0.2 | 0.4 | 1.3 | 86.6% |
| Czech Republic | 0.6 | 0.3 | 0.1 | 0.8 | 10.1% |
| France | 1.9 | 0.6 | 0.1 | 0.5 | -35.9% |
| Spain | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Others | 0.3 | 0.4 | 0.3 | 0.5 | 18.6% |
| Total | 10.9 | 10.6 | 10.6 | 17.2 | 16.4% |
Top Suppliers of Phosphates; of Potassium to Germany in 2022:
- Belgium (1784.9 tons)
- United States (1176.0 tons)
- Israel (813.7 tons)
- China (767.1 tons)
- Netherlands (464.1 tons)
- Czech Republic (201.4 tons)
- Spain (129.9 tons)
- France (123.6 tons)
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