Phosphorus Price in Ethiopia - 2022
Contents:
Phosphorus Price in Ethiopia (CIF) - 2022
The average phosphorus import price stood at $4,986 per ton in 2022, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 12%. Over the period under review, average import prices attained the maximum at $6,307 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($10,531 per ton), while the price for China totaled $4,665 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%).
Phosphorus Imports in Ethiopia
In 2022, purchases abroad of phosphori decreased by 0% to 8.3 tons, falling for the second year in a row after two years of growth. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 1,644% against the previous year. As a result, imports attained the peak of 17 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, phosphorus imports totaled $41K in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,687% against the previous year. As a result, imports attained the peak of $81K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Phosphorus in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 78.6 | 38.0 | 37.0 | 109.9% |
| India | 0.2 | 2.9 | 3.1 | 3.4 | 157.1% |
| Others | 0.4 | N/A | N/A | 0.7 | 20.5% |
| Total | 4.6 | 81.5 | 41.1 | 41.1 | 107.5% |
Top Suppliers of Phosphorus to Ethiopia in 2022:
- China (7.9 tons)
- India (0.3 tons)
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