Price for Phosphates; N.E.S in Item No. 2835.2 in Belarus - 2022

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in Belarus (CIF) - 2022
2. Price for Phosphates; N.E.S in Item No. 2835.2 in Belarus (FOB) - 2022
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in Belarus
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in Belarus

Price for Phosphates; N.E.S in Item No. 2835.2 in Belarus (CIF) - 2022

The average import price for phosphates; n.e.s in item no. 2835.2s stood at $2,339 per ton in 2022, jumping by 123% against the previous year. Over the period under review, the import price posted resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,398 per ton), while the price for China ($734 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphates; N.E.S in Item No. 2835.2 in Belarus (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $2,137 per ton, stabilizing at the previous year. In general, the export price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2015 an increase of 27% against the previous year. Over the period under review, the average export prices reached the maximum at $3,475 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($3,534 per ton), while the average price for exports to Russia amounted to $1,602 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+32.6%).

Imports of Phosphates; N.E.S in Item No. 2835.2 in Belarus

In 2022, purchases abroad of phosphates; n.e.s in item no. 2835.2s decreased by -87.6% to 94 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports reached the peak of 761 tons, and then declined rapidly in the following year.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s plummeted to $200K in 2022. Overall, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 13% against the previous year.

Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Belarus in 2022:

1. Russia (77.9 tons)
2. Germany (8.7 tons)
3. China (5.5 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in Belarus

Exports of phosphates; n.e.s in item no. 2835.2s from Belarus dropped rapidly to 7.7 tons in 2022, falling by -23.1% against the previous year's figure. Overall, exports showed a sharp shrinkage. The smallest decline of -20.2% was in 2021.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s reduced markedly to $16K in 2022. In general, exports saw a sharp shrinkage. The smallest decline of -22.2% was in 2021.

Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Belarus in 2022:

1. Russia (5.6 tons)
2. Vietnam (2.1 tons)

Source: IndexBox Market Intelligence Platform