Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium - 2023

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium (FOB) - 2023
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium (CIF) - 2023
3. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium
4. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium (FOB) - 2023

The average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $1,337 per ton in November 2023, with an increase of 13% against the previous month. Over the period under review, the export price, however, saw a slight downturn. The growth pace was the most rapid in May 2023 when the average export price increased by 16% against the previous month. The export price peaked at $1,776 per ton in June 2023; however, from July 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the United States ($2,503 per ton), while the average price for exports to the Netherlands ($1,007 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium (CIF) - 2023

In November 2023, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $773 per ton, reducing by -5.9% against the previous month. Over the period under review, the import price showed a slight downturn. The pace of growth was the most pronounced in June 2023 an increase of 118% m-o-m. As a result, import price attained the peak level of $1,710 per ton. From July 2023 to November 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($1,164 per ton), while the price for Germany ($96.0 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Finland (-1.4%), while the prices for the other major suppliers experienced a decline.

Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses, which increased by 25% to 380K tons in 2022. The total export volume increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses surged to $469M in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids from Belgium in 2022:

1. Netherlands (86.0K tons)
2. Germany (85.8K tons)
3. France (80.9K tons)
4. United States (32.4K tons)
5. United Kingdom (21.0K tons)
6. Ireland (18.4K tons)
7. Italy (17.6K tons)

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Belgium

Imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Belgium reached 376K tons in 2022, remaining relatively unchanged against the previous year's figure. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses skyrocketed to $382M in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Belgium in 2022:

1. Morocco (290.4K tons)
2. South Africa (42.3K tons)
3. Finland (15.3K tons)
4. Netherlands (10.7K tons)

Source: IndexBox Market Intelligence Platform