Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey - 2024

Contents:

1. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey (CIF) - 2024
2. Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey (FOB) - 2022
3. Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey
4. Exports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Turkey (CIF) - 2024

In January 2024, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $577 per ton, rising by 7.4% against the previous month. Over the period under review, the import price, however, showed a slight setback. The pace of growth was the most pronounced in February 2023 an increase of 128% m-o-m. As a result, import price reached the peak level of $1,516 per ton. From March 2023 to January 2024, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was China ($1,206 per ton), while the price for Morocco ($527 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Israel (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $2,118 per ton, rising by 10% against the previous year. In general, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses increased by +40.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 46%. Over the period under review, the average export prices attained the peak figure at $2,228 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 France ($3,037 per ton), while the average price for exports to Italy ($386 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 Greece (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Turkey contracted rapidly to 343K tons, which is down by -26.5% on 2021 figures. In general, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by 62%. As a result, imports attained the peak of 467K tons, and then fell notably in the following year.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses skyrocketed to $339M in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 144%. Imports peaked in 2022 and are expected to retain growth in years to come.

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

1. Morocco (158.8K tons)
2. Jordan (68.0K tons)
3. China (28.0K tons)
4. Egypt (24.8K tons)
5. Tunisia (20.6K tons)
6. Lebanon (20.4K tons)
7. Israel (19.9K tons)

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

Exports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses from Turkey skyrocketed to 15K tons in 2022, picking up by 1,099% compared with the year before. In general, exports saw significant growth. 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 skyrocketed to $31M in 2022. Overall, exports enjoyed 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 Turkey in 2022:

1. Italy (2.6K tons)
2. France (2.5K tons)
3. Germany (2.1K tons)
4. Greece (0.9K tons)
5. Romania (0.8K tons)
6. Netherlands (0.8K tons)
7. Bulgaria (0.7K tons)
8. Poland (0.5K tons)
9. Iraq (0.5K tons)
10. Czech Republic (0.4K tons)
11. Ukraine (0.3K tons)
12. Lithuania (0.3K tons)
13. Belgium (0.3K tons)

Source: IndexBox Market Intelligence Platform