Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR - 2023

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR (CIF) - 2022
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR (FOB) - 2022
3. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR
4. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $1,493 per ton, declining by -12.3% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2016 an increase of 28%. The import price peaked at $2,309 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($3,626 per ton), while the price for Singapore ($1,149 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.5%), while the prices for the other major suppliers experienced a decline.

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $7,871 per ton, with an increase of 3.2% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2013 an increase of 73% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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 China ($7,898 per ton), while the average price for exports to Belgium totaled $1,724 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR

Imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Hong Kong SAR surged to 741 tons in 2022, with an increase of 164% against the previous year's figure. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $1.1M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Hong Kong SAR in 2022:

1. Belgium (503.9 tons)
2. China (142.7 tons)
3. Singapore (50.0 tons)
4. Malaysia (26.4 tons)
5. United States (17.0 tons)

Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Hong Kong SAR

In 2022, the amount of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses exported from Hong Kong SAR skyrocketed to 69 tons, picking up by 1,799% compared with 2021 figures. Overall, exports posted a significant increase. 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 skyrocketed to $540K in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. China (66.7 tons)
2. Belgium (1.9 tons)

Source: IndexBox Market Intelligence Platform