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

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Portugal (CIF) - 2023
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Portugal (FOB) - 2022
3. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Portugal
4. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Portugal

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

In November 2023, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $647 per ton, falling by -56% against the previous month. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in February 2023 when the average import price increased by 158% month-to-month. Over the period under review, average import prices hit record highs at $2,214 per ton in December 2022; however, from January 2023 to November 2023, 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 Spain ($1,101 per ton), while the price for Morocco ($606 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 Morocco (-1.5%), while the prices for the other major suppliers experienced a decline.

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

The average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses stood at $1,800 per ton in 2022, waning by -4.5% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 an increase of 45% against the previous year. As a result, the export price attained the peak level of $1,884 per ton, and then shrank slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3,617 per ton), while the average price for exports to Spain ($1,213 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Portugal was estimated at 43K tons, surging by 9.3% on the previous year. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.7% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses rose remarkably to $28M in 2022. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 144%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

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

1. Israel (31.3K tons)
2. Morocco (7.9K tons)
3. Spain (2.4K tons)
4. China (0.9K tons)
5. France (0.4K tons)

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

For the fourth year in a row, Portugal recorded growth in overseas shipments of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses, which increased by 164% to 475 tons in 2022. Over the period under review, exports posted a significant increase. As a result, the exports attained 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 $856K in 2022. In general, exports continue to indicate a significant expansion. 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 Portugal in 2022:

1. Spain (288.6 tons)
2. Angola (131.5 tons)
3. Poland (24.3 tons)
4. Cabo Verde (22.2 tons)
5. Germany (7.5 tons)

Source: IndexBox Market Intelligence Platform