Phosphates; of Potassium Price in Thailand - 2023
Contents:
- Phosphates; of Potassium Price in Thailand (CIF) - 2023
- Phosphates; of Potassium Price in Thailand (FOB) - 2023
- Phosphates; of Potassium Imports in Thailand
- Phosphates; of Potassium Exports in Thailand
Phosphates; of Potassium Price in Thailand (CIF) - 2023
In September 2023, the average phosphates; of potassium import price amounted to $1,445 per ton, which is down by -9.5% against the previous month. Overall, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 8.3% month-to-month. Over the period under review, average import prices reached the peak figure at $2,404 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Israel ($1,752 per ton), while the price for China stood at $1,282 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (-3.1%).
Phosphates; of Potassium Price in Thailand (FOB) - 2023
In September 2023, the average phosphates; of potassium export price amounted to $1,970 per ton, reducing by -4.8% against the previous month. Over the period under review, the export price saw a pronounced setback. The growth pace was the most rapid in December 2022 an increase of 15% m-o-m. As a result, the export price reached the peak level of $2,996 per ton. From January 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Sweden ($3,402 per ton), while the average price for exports to Malaysia ($1,417 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.
Phosphates; of Potassium Imports in Thailand
In 2022, approx. 12K tons of phosphates; of potassia were imported into Thailand; picking up by 8.4% compared with 2021. The total import volume increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 21%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, phosphates; of potassium imports soared to $28M in 2022. In general, imports recorded 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.3 | 9.9 | 11.7 | 18.1 | 29.7% |
| Israel | 3.5 | 3.9 | 3.4 | 8.9 | 36.5% |
| Others | 1.1 | 1.0 | 0.6 | 0.8 | -10.1% |
| Total | 12.9 | 14.8 | 15.8 | 27.8 | 29.2% |
Top Suppliers of Phosphates; of Potassium to Thailand in 2022:
- China (7.8K tons)
- Israel (3.6K tons)
Phosphates; of Potassium Exports in Thailand
In 2022, approx. 8.7K tons of phosphates; of potassia were exported from Thailand; picking up by 12% on the previous year. The total export volume increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, phosphates; of potassium exports surged to $20M in 2022. In general, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 3.2 | 1.8 | 2.2 | 4.5 | 12.0% |
| Malaysia | 2.9 | 3.0 | 3.5 | 3.9 | 10.4% |
| United States | 0.4 | 0.2 | 0.5 | 3.0 | 95.7% |
| Indonesia | 2.6 | 4.0 | 3.8 | 2.5 | -1.3% |
| Australia | 0.1 | 0.2 | 0.5 | 1.5 | 146.6% |
| Philippines | 0.2 | 0.6 | 1.1 | 1.5 | 95.7% |
| India | N/A | N/A | 0.1 | 0.9 | 800.0% |
| New Zealand | 0.4 | 0.3 | 0.6 | 0.9 | 31.0% |
| Others | 0.4 | 0.4 | 0.2 | 1.2 | 44.2% |
| Total | 10.3 | 10.4 | 12.4 | 19.8 | 24.3% |
Top Export Markets for Phosphates; of Potassium from Thailand in 2022:
- Vietnam (3164.3 tons)
- Malaysia (1738.9 tons)
- United States (964.6 tons)
- Indonesia (871.0 tons)
- Philippines (551.3 tons)
- Australia (433.0 tons)
- India (317.5 tons)
- New Zealand (221.0 tons)
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This report provides an in-depth analysis of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in Thailand.
402
This report provides an in-depth analysis of the dicalcium phosphate market in Thailand.
355
This report provides an in-depth analysis of the sodium phosphates market in Thailand.
374
This report provides an in-depth analysis of the phosphinates and phosphonates market in Thailand.
340
This report provides an in-depth analysis of the sodium triphosphate market in Thailand.
101
This report provides an in-depth analysis of the global market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate).
1263
This report provides an in-depth analysis of the global dicalcium phosphate market.
579
This report provides an in-depth analysis of the global sodium phosphates market.
558
This report provides an in-depth analysis of the global phosphinates and phosphonates market.
536
This report provides an in-depth analysis of the global sodium triphosphate market.
184
In October 2022, the growth rate of Dicalcium Phosphate imports reached its peak at a rapid pace with a 65% month-on-month increase. However, in September 2023, the value of these imports plummeted significantly, reaching only $939K.
230
In December 2022, the growth pace of Sodium Phosphates imports was incredibly rapid, with a 572% month-on-month increase. However, the value of these imports experienced a sharp decline, shrinking to $188K in September 2023.
819
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...
1250
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...
184
In October 2022, the growth rate of Dicalcium Phosphate imports reached its peak at a rapid pace with a 65% month-on-month increase. However, in September 2023, the value of these imports plummeted significantly, reaching only $939K.
230
In December 2022, the growth pace of Sodium Phosphates imports was incredibly rapid, with a 572% month-on-month increase. However, the value of these imports experienced a sharp decline, shrinking to $188K in September 2023.
819
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...
1250
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...
