Phosphorus Price in Colombia - 2021
Contents:
Phosphorus Price in Colombia (CIF) - 2022
In 2022, the average phosphorus import price amounted to $13,023 per ton, standing approx. at the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphorus import price decreased by -1.3% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 46%. Over the period under review, average import prices reached the peak figure at $13,195 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($13,575 per ton), while the price for the United States ($11,900 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphorus Imports in Colombia
After three years of growth, purchases abroad of phosphori decreased by -30.8% to 1.8 tons in 2022. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 160% against the previous year. As a result, imports attained the peak of 2.6 tons, and then shrank dramatically in the following year.
In value terms, phosphorus imports shrank dramatically to $23K in 2022. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 155% against the previous year. As a result, imports attained the peak of $34K, and then dropped markedly in the following year.
| Import of Phosphorus in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.4 | 11.6 | 27.4 | 20.5 | 29.7% |
| Italy | 0.7 | 0.9 | 3.0 | 2.0 | 41.9% |
| United States | 0.3 | 0.4 | 1.0 | 0.7 | 32.6% |
| Vietnam | N/A | N/A | 1.9 | N/A | 0% |
| Others | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Total | 10.7 | 13.2 | 33.7 | 23.4 | 29.8% |
Top Suppliers of Phosphorus to Colombia in 2022:
- China (1595.0 kg)
- Italy (145.0 kg)
- United States (60.0 kg)
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