Phosphorus Price in China - 2023
Contents:
- Phosphorus Price in China (CIF) - 2023
- Phosphorus Price in China (FOB) - 2023
- Phosphorus Imports in China
- Phosphorus Exports in China
Phosphorus Price in China (CIF) - 2023
In September 2023, the average phosphorus import price amounted to $461K per ton, with a decrease of -4.8% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 28% m-o-m. As a result, import price attained the peak level of $735K per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From September 2022 to September 2023, the rate of growth in terms of prices for Japan amounted to -0.8% per month.
Phosphorus Price in China (FOB) - 2023
The average phosphorus export price stood at $6,906 per ton in September 2023, with an increase of 13% against the previous month. In general, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 13% m-o-m. Over the period under review, the average export prices attained the maximum at $9,141 per ton in October 2022; however, from November 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was Russia ($7,219 per ton), while the average price for exports to Chile ($5,766 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 Italy (0.0%), while the prices for the other major destinations experienced mixed trend patterns.
Phosphorus Imports in China
In 2022, approx. 14 tons of phosphori were imported into China; shrinking by -97.6% on 2021. Over the period under review, imports faced a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 14,235% against the previous year. As a result, imports reached the peak of 588 tons, and then reduced notably in the following year.
In value terms, phosphorus imports shrank rapidly to $4.4M in 2022. In general, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 207% against the previous year. As a result, imports attained the peak of $7.6M, and then fell rapidly in the following year.
| Import of Phosphorus in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 2.4 | 5.1 | 4.4 | 30.1% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Vietnam | 0.5 | N/A | 2.4 | N/A | 119.1% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 2.6 | 2.5 | 7.6 | 4.4 | 19.2% |
Top Suppliers of Phosphorus to China in 2022:
- Japan (13.2 tons)
- Germany (0.9 tons)
Phosphorus Exports in China
In 2022, exports of phosphori from China declined to 1K tons, reducing by -8.7% compared with 2021 figures. Overall, exports showed a precipitous curtailment.
In value terms, phosphorus exports soared to $9.2M in 2022. Over the period under review, exports recorded a abrupt decrease.
| Export of Phosphorus in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1,088 | 375 | 1,134 | 1,869 | 19.8% |
| Pakistan | 861 | 674 | 875 | 1,466 | 19.4% |
| United States | 306 | 451 | 443 | 728 | 33.5% |
| United Kingdom | 167 | N/A | 450 | 637 | 56.2% |
| Brazil | 237 | 132 | 238 | 548 | 32.2% |
| South Africa | N/A | N/A | 422 | 536 | 27.0% |
| Chile | 385 | 534 | 603 | 474 | 7.2% |
| South Korea | 129 | 169 | 263 | 388 | 44.3% |
| Germany | N/A | 6.7 | 17.8 | 348 | 620.7% |
| Canada | 258 | 332 | 254 | 303 | 5.5% |
| Thailand | 97.1 | N/A | N/A | 263 | 39.4% |
| Uzbekistan | N/A | 82.6 | 92.7 | 234 | 68.3% |
| Mexico | 113 | 92.7 | 115 | 233 | 27.3% |
| Others | 8,843 | 2,747 | 1,336 | 1,140 | -49.5% |
| Total | 12,485 | 5,595 | 6,244 | 9,164 | -9.8% |
Top Export Markets for Phosphorus from China in 2022:
- Russia (206.6 tons)
- Pakistan (152.9 tons)
- United States (76.9 tons)
- South Africa (73.0 tons)
- United Kingdom (68.4 tons)
- Brazil (64.1 tons)
- Chile (51.3 tons)
- Germany (51.0 tons)
- South Korea (39.6 tons)
- Canada (30.8 tons)
- Thailand (28.5 tons)
- Mexico (26.1 tons)
- Uzbekistan (25.6 tons)
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