Phosphorus Price in the United States - 2023
Contents:
- Phosphorus Price in the United States (FOB) - 2023
- Phosphorus Price in the United States (CIF) - 2023
- Phosphorus Exports in the United States
- Phosphorus Imports in the United States
Phosphorus Price in the United States (FOB) - 2023
The average phosphorus export price stood at $5,110 per ton in September 2023, standing approximately at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The pace of growth was the most pronounced in February 2023 when the average export price increased by 10% m-o-m. Over the period under review, the average export prices attained the maximum at $5,116 per ton in August 2023, and then contracted in the following month.
Average prices varied noticeably for the major external markets. In September 2023, the country with the highest price was Brazil ($5,229 per ton), while the average price for exports to Canada amounted to $4,218 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphorus Price in the United States (CIF) - 2023
In September 2023, the average phosphorus import price amounted to $3,684 per ton, reducing by -18.7% against the previous month. In general, the import price saw a noticeable descent. The pace of growth was the most pronounced in July 2023 an increase of 83% m-o-m. As a result, import price reached the peak level of $7,224 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was India ($6,987 per ton), while the price for Kazakhstan ($3,540 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Israel (0.0%), while the prices for the other major suppliers experienced a decline.
Phosphorus Exports in the United States
For the fourth consecutive year, the United States recorded growth in overseas shipments of phosphori, which increased by 18% to 16K tons in 2022. In general, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +24.0% 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 +90.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 36% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, phosphorus exports soared to $64M in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Phosphorus in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 24.3 | 37.7 | 42.9 | 50.1 | 27.3% |
| Germany | N/A | 0.6 | 3.2 | 6.8 | 236.7% |
| Canada | 5.0 | 4.2 | 4.3 | 6.5 | 9.1% |
| Others | 0.7 | 0.2 | 1.8 | 0.6 | -5.0% |
| Total | 30.0 | 42.7 | 52.2 | 64.0 | 28.7% |
Top Export Markets for Phosphorus from the United States in 2022:
- Brazil (12.0K tons)
- Canada (1.7K tons)
- Germany (1.6K tons)
Phosphorus Imports in the United States
In 2022, overseas purchases of phosphori decreased by -7.3% to 9.9K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2020 with an increase of 19% against the previous year. As a result, imports reached the peak of 13K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, phosphorus imports soared to $44M in 2022. The total import value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 18.5 | 25.4 | 20.5 | 25.7 | 11.6% |
| Vietnam | 12.9 | 9.6 | 9.4 | 13.2 | 0.8% |
| India | 1.1 | 0.8 | 0.9 | 2.2 | 26.0% |
| Israel | N/A | N/A | N/A | 1.2 | 0% |
| Others | 1.2 | 1.6 | 1.4 | 1.9 | 16.6% |
| Total | 33.6 | 37.3 | 32.2 | 44.3 | 9.7% |
Top Suppliers of Phosphorus to the United States in 2022:
- Kazakhstan (7.4K tons)
- Vietnam (1.9K tons)
- India (0.2K tons)
- Israel (0.2K tons)
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