Phosphorus Price in Japan - 2023
Contents:
- Phosphorus Price in Japan (CIF) - 2023
- Phosphorus Price in Japan (FOB) - 2022
- Phosphorus Imports in Japan
- Phosphorus Exports in Japan
Phosphorus Price in Japan (CIF) - 2023
In September 2023, the average phosphorus import price amounted to $4,275 per ton, remaining stable against the previous month. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 1.9% against the previous month. The import price peaked at $6,938 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From September 2022 to September 2023, the rate of growth in terms of prices for Vietnam amounted to -4.0% per month.
Phosphorus Price in Japan (FOB) - 2022
In 2022, the average phosphorus export price amounted to $439,553 per ton, rising by 61% against the previous year. Over the period under review, the export price enjoyed a strong increase. Over the period under review, the average export prices hit record highs at $484,228 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($879,018 per ton), while the average price for exports to Taiwan (Chinese) ($333,059 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphorus Imports in Japan
In 2022, phosphorus imports into Japan surged to 56K tons, rising by 114% on the previous year. In general, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports skyrocketed to $190M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 68.2 | 64.1 | 85.1 | 189 | 40.5% |
| Others | 4.7 | 1.6 | 0.6 | 0.6 | -49.6% |
| Total | 72.9 | 65.8 | 85.6 | 190 | 37.6% |
Top Suppliers of Phosphorus to Japan in 2022:
- Vietnam (55.8K tons)
Phosphorus Exports in Japan
In 2022, shipments abroad of phosphori decreased by -43.6% to 15 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 139%. As a result, the exports reached the peak of 27 tons, and then shrank markedly in the following year.
In value terms, phosphorus exports dropped to $6.7M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $7.3M, and then fell in the following year.
| Export of Phosphorus in Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,821 | 2,741 | 4,343 | 4,051 | 30.5% |
| United Kingdom | 328 | 396 | 499 | 491 | 14.4% |
| Italy | 225 | 295 | 298 | 458 | 26.7% |
| Taiwan (Chinese) | 562 | 622 | 671 | 441 | -7.8% |
| United States | 263 | 390 | 438 | 414 | 16.3% |
| Germany | 370 | 311 | 417 | 258 | -11.3% |
| South Korea | 43.5 | N/A | 8.9 | N/A | -54.8% |
| Others | 748 | 680 | 643 | 541 | -10.2% |
| Total | 4,361 | 5,437 | 7,317 | 6,654 | 15.1% |
Top Export Markets for Phosphorus from Japan in 2022:
- China (10.4 tons)
- Taiwan (Chinese) (1.3 tons)
- United Kingdom (1.2 tons)
- Germany (0.7 tons)
- United States (0.6 tons)
- Italy (0.5 tons)
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