Phosphorus Price in Serbia - 2024
Contents:
Phosphorus Price in Serbia (CIF) - 2022
The average phosphorus import price stood at $9,348 per ton in 2022, declining by -9.3% against the previous year. Over the period under review, the import price, however, showed a notable increase. The growth pace was the most rapid in 2021 when the average import price increased by 104% against the previous year. Over the period under review, average import prices attained the maximum at $13,023 per ton in 2019; however, from 2020 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 Italy ($14,779 per ton), while the price for Vietnam ($8,441 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+69.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphorus Imports in Serbia
In 2022, approx. 24 tons of phosphori were imported into Serbia; picking up by 241% against 2021 figures. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 481%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, phosphorus imports skyrocketed to $227K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 49.0 | N/A | 146 | 72.6% |
| China | 25.7 | 26.4 | 42.3 | 44.2 | 19.8% |
| Italy | 26.2 | 40.7 | 30.4 | 36.2 | 11.4% |
| Others | 0.2 | 1.4 | 0.9 | 0.4 | 26.0% |
| Total | 52.1 | 117 | 73.5 | 227 | 63.3% |
Top Suppliers of Phosphorus to Serbia in 2022:
- Vietnam (17.3 tons)
- China (4.5 tons)
- Italy (2.4 tons)
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