Price for Phosphates; N.E.S in Item No. 2835.2 in Bangladesh - 2022
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Bangladesh (CIF) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Bangladesh
Price for Phosphates; N.E.S in Item No. 2835.2 in Bangladesh (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $5,433 per ton, increasing by 55% against the previous year. In general, the import price showed a significant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 123% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($11,750 per ton), while the price for Taiwan (Chinese) ($602 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Phosphates; N.E.S in Item No. 2835.2 in Bangladesh
In 2022, imports of phosphates; n.e.s in item no. 2835.2s into Bangladesh skyrocketed to 249 tons, picking up by 18% against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 75% against the previous year. As a result, imports reached the peak of 437 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $1.4M in 2022. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 248 | 393 | 511 | 1,136 | 66.1% |
| Singapore | 10.9 | 84.9 | 74.6 | 91.5 | 103.2% |
| China | 48.5 | 111 | 39.3 | 34.6 | -10.6% |
| Taiwan (Chinese) | 35.3 | 65.9 | 40.0 | 28.7 | -6.7% |
| Germany | 13.0 | 5.3 | 12.9 | 20.7 | 16.8% |
| Malaysia | 10.3 | 6.3 | 38.9 | 17.5 | 19.3% |
| Others | 17.7 | 21.1 | 19.9 | 26.4 | 14.3% |
| Total | 384 | 687 | 737 | 1,355 | 52.2% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Bangladesh in 2022:
- India (96.7 tons)
- China (50.2 tons)
- Taiwan (Chinese) (47.7 tons)
- Malaysia (27.6 tons)
- Singapore (19.0 tons)
- Germany (3.7 tons)
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