Phosphorus Price in Turkey - 2023
Contents:
- Phosphorus Price in Turkey (CIF) - 2022
- Phosphorus Price in Turkey (FOB) - 2022
- Phosphorus Imports in Turkey
- Phosphorus Exports in Turkey
Phosphorus Price in Turkey (CIF) - 2022
The average phosphorus import price stood at $15,784 per ton in 2022, picking up by 163% against the previous year. In general, the import price saw a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($61,261 per ton), while the price for India ($14,150 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphorus Price in Turkey (FOB) - 2022
The average phosphorus export price stood at $6,882 per ton in 2022, growing by 1.7% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The growth pace was the most rapid in 2016 when the average export price increased by 64%. Over the period under review, the average export prices hit record highs at $15,299 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($136,000 per ton), while the average price for exports to Azerbaijan stood at $4,300 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+3.1%).
Phosphorus Imports in Turkey
After three years of growth, purchases abroad of phosphori decreased by -93.7% to 2.5 tons in 2022. Over the period under review, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of 41 tons, and then reduced rapidly in the following year.
In value terms, phosphorus imports dropped markedly to $40K in 2022. Overall, imports saw a sharp slump. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $243K, and then reduced rapidly in the following year.
| Import of Phosphorus in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 12.9 | 13.8 | 24.5 | 28.3 | 29.9% |
| Vietnam | N/A | N/A | N/A | 9.1 | 0% |
| China | 135 | 149 | 172 | N/A | 12.9% |
| Others | 3.3 | 6.5 | 46.5 | 2.7 | -6.5% |
| Total | 151 | 170 | 243 | 40.2 | -35.7% |
Top Suppliers of Phosphorus to Turkey in 2022:
- India (2000.0 kg)
- Vietnam (500.0 kg)
Phosphorus Exports in Turkey
In 2022, after three years of growth, there was significant decline in shipments abroad of phosphori, when their volume decreased by -99.4% to 51 kg. Overall, exports continue to indicate a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 0.2% against the previous year.
In value terms, phosphorus exports reduced sharply to $351 in 2022. In general, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 11%.
| Export of Phosphorus in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Azerbaijan | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | N/A | N/A | N/A | 0.1 | 0% |
| Kazakhstan | 46.5 | 52.3 | 57.3 | N/A | 11.0% |
| Others | 3.7 | 3.2 | 4.1 | N/A | 5.3% |
| Total | 50.2 | 55.5 | 61.4 | 0.4 | -80.0% |
Top Export Markets for Phosphorus from Turkey in 2022:
- Azerbaijan (50.0 kg)
- United Kingdom (1.0 kg)
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