Price for Phosphates; N.E.S in Item No. 2835.2 in China - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in China (CIF) - 2023
- Price for Phosphates; N.E.S in Item No. 2835.2 in China (FOB) - 2023
- Imports of Phosphates; N.E.S in Item No. 2835.2 in China
- Exports of Phosphates; N.E.S in Item No. 2835.2 in China
Price for Phosphates; N.E.S in Item No. 2835.2 in China (CIF) - 2023
The average import price for phosphates; n.e.s in item no. 2835.2s stood at $7,629 per ton in December 2023, falling by -21.5% against the previous month. Over the period under review, the import price faced a deep reduction. The growth pace was the most rapid in February 2023 an increase of 510% m-o-m. Over the period under review, average import prices reached the peak figure at $27,799 per ton in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($35,457 per ton), while the price for France ($3,894 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Phosphates; N.E.S in Item No. 2835.2 in China (FOB) - 2023
In December 2023, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $1,140 per ton, approximately mirroring the previous month. In general, the export price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in September 2023 an increase of 28% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,797 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,070 per ton), while the average price for exports to Myanmar ($405 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphates; N.E.S in Item No. 2835.2 in China
For the fourth year in a row, China recorded growth in purchases abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 410% to 9.5K tons in 2022. Over the period under review, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s surged to $48M in 2022. In general, imports posted significant growth. 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.6 | 0.7 | 1.8 | 42.4 | 313.4% |
| Japan | 2.0 | 1.9 | 2.5 | 1.8 | -3.5% |
| Germany | 0.9 | 1.3 | 1.5 | 1.4 | 15.9% |
| France | 1.4 | 1.5 | 1.7 | 0.6 | -24.6% |
| Others | 1.1 | 0.8 | 1.2 | 2.0 | 22.1% |
| Total | 6.0 | 6.1 | 8.8 | 48.2 | 100.3% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to China in 2022:
- South Korea (8.9K tons)
- Germany (0.3K tons)
- France (0.1K tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in China
In 2022, exports of phosphates; n.e.s in item no. 2835.2s from China reduced dramatically to 29K tons, waning by -16.4% compared with the previous year. Over the period under review, exports, however, continue to indicate a mild expansion. The growth pace was the most rapid in 2021 with an increase of 40%. As a result, the exports reached the peak of 35K tons, and then shrank rapidly in the following year.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s fell to $39M in 2022. Overall, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2021 when exports increased by 107%. As a result, the exports reached the peak of $44M, and then shrank in the following year.
| Export of Phosphates; N.E.S in Item No. 2835.2 in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 1.4 | 1.3 | 2.2 | 4.1 | 43.1% |
| United States | 4.2 | 3.3 | 2.9 | 3.9 | -2.4% |
| Malaysia | 0.9 | 1.1 | 2.2 | 2.4 | 38.7% |
| Indonesia | 1.4 | 1.4 | 4.0 | 2.0 | 12.6% |
| Vietnam | 1.1 | 1.1 | 2.7 | 2.0 | 22.1% |
| Australia | 0.4 | 0.5 | 2.1 | 1.8 | 65.1% |
| Thailand | 0.7 | 0.9 | 1.5 | 1.5 | 28.9% |
| Brazil | 0.3 | 0.5 | 0.8 | 1.2 | 58.7% |
| United Kingdom | 0.5 | N/A | 0.3 | 1.2 | 33.9% |
| Philippines | 0.4 | 0.3 | 2.6 | 1.1 | 40.1% |
| United Arab Emirates | 0.5 | 0.5 | 0.4 | 0.6 | 6.3% |
| Poland | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| Kazakhstan | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Others | 13.3 | 10.2 | 22.3 | 16.3 | 7.0% |
| Total | 25.6 | 21.4 | 44.4 | 38.8 | 14.9% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from China in 2022:
- United States (3.2K tons)
- Russia (2.7K tons)
- United Kingdom (2.5K tons)
- Vietnam (2.2K tons)
- Malaysia (1.7K tons)
- Thailand (1.7K tons)
- Indonesia (1.3K tons)
- Australia (1.0K tons)
- Brazil (0.7K tons)
- Philippines (0.7K tons)
- Poland (0.7K tons)
- Kazakhstan (0.7K tons)
- United Arab Emirates (0.6K tons)
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