Phosphorus Price in Canada - 2023
Contents:
- Phosphorus Price in Canada (CIF) - 2022
- Phosphorus Price in Canada (FOB) - 2022
- Phosphorus Imports in Canada
- Phosphorus Exports in Canada
Phosphorus Price in Canada (CIF) - 2022
In 2022, the average phosphorus import price amounted to $3,846 per ton, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,303 per ton), while the price for the United States ($3,815 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphorus Price in Canada (FOB) - 2022
In 2022, the average phosphorus export price amounted to $4,411 per ton, which is down by -86.3% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 1,173% against the previous year. As a result, the export price reached the peak level of $35,555 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2016 to 2022, the rate of growth in terms of prices for Germany amounted to -19.7% per year.
Phosphorus Imports in Canada
In 2022, overseas purchases of phosphori increased by 27% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +5.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports soared to $6.8M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 4.1 | 4.2 | 6.3 | 8.7% |
| India | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| China | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 4.6 | 4.8 | 6.8 | 8.0% |
Top Suppliers of Phosphorus to Canada in 2022:
- United States (1659.3 tons)
- India (66.1 tons)
- China (42.6 tons)
Phosphorus Exports in Canada
For the fourth consecutive year, Canada recorded growth in shipments abroad of phosphori, which increased by 3,893% to 6.7 tons in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus exports surged to $30K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphorus in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 29.8 | 0% |
| China | 0.9 | 2.1 | 2.2 | N/A | 56.3% |
| Others | 0.4 | N/A | 3.2 | N/A | 182.8% |
| Total | 1.2 | 2.1 | 5.4 | 29.8 | 191.8% |
Top Export Markets for Phosphorus from Canada in 2022:
- South Korea (6.7 tons)
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