Phosphates; of Potassium Price in Singapore - 2022
Contents:
- Phosphates; of Potassium Price in Singapore (CIF) - 2022
- Phosphates; of Potassium Price in Singapore (FOB) - 2022
- Phosphates; of Potassium Imports in Singapore
- Phosphates; of Potassium Exports in Singapore
Phosphates; of Potassium Price in Singapore (CIF) - 2022
The average phosphates; of potassium import price stood at $7,727 per ton in September 2022, reducing by -24.6% against the previous month. In general, the import price, however, saw a prominent expansion. The most prominent rate of growth was recorded in June 2022 an increase of 206% month-to-month. As a result, import price attained the peak level of $17,888 per ton. From July 2022 to September 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($55,118 per ton), while the price for Belgium ($3,067 per ton) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by France (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Price in Singapore (FOB) - 2022
In September 2022, the average phosphates; of potassium export price amounted to $1,342 per ton, declining by -82.5% against the previous month. Over the period under review, the export price showed a drastic downturn. The pace of growth was the most pronounced in August 2022 when the average export price increased by 421% m-o-m. As a result, the export price reached the peak level of $7,669 per ton, and then dropped remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($3,481 per ton), while the average price for exports to Malaysia totaled $1,200 per ton.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.6%).
Phosphates; of Potassium Imports in Singapore
In 2022, phosphates; of potassium imports into Singapore rose to 3.9K tons, growing by 3.8% on the previous year. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 15%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, phosphates; of potassium imports surged to $24M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 31% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Phosphates; of Potassium in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.4 | 9.9 | 12.2 | 14.0 | 29.8% |
| Mexico | 2.2 | 1.6 | 3.1 | 3.5 | 16.7% |
| China | 1.8 | 2.7 | 1.7 | 2.3 | 8.5% |
| Belgium | 1.3 | 1.2 | 1.5 | 1.7 | 9.4% |
| Germany | 0.6 | 0.6 | 1.0 | 1.1 | 22.4% |
| France | 0.1 | 0.3 | 0.4 | 0.5 | 71.0% |
| Others | 0.2 | 0.2 | 0.4 | 0.4 | 26.0% |
| Total | 12.5 | 16.4 | 20.2 | 23.5 | 23.4% |
Top Suppliers of Phosphates; of Potassium to Singapore in 2022:
- Mexico (1270.2 tons)
- China (1168.2 tons)
- Belgium (702.9 tons)
- United States (337.4 tons)
- Germany (253.8 tons)
- France (132.5 tons)
Phosphates; of Potassium Exports in Singapore
For the fourth year in a row, Singapore recorded growth in overseas shipments of phosphates; of potassia, which increased by 21% to 1.7K tons in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +17.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, phosphates; of potassium exports soared to $1.2M in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 80% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Phosphates; of Potassium in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 412 | 388 | 503 | 606 | 13.7% |
| Vietnam | 90.3 | 75.4 | 74.8 | 93.4 | 1.1% |
| Others | 131 | 70.2 | 383 | 481 | 54.3% |
| Total | 633 | 534 | 961 | 1,180 | 23.1% |
Top Export Markets for Phosphates; of Potassium from Singapore in 2022:
- Malaysia (1641.2 tons)
- Vietnam (23.4 tons)
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
