Price for Phosphates; N.E.S in Item No. 2835.2 in Colombia - 2022
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Colombia (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in Colombia (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Colombia
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Colombia
Price for Phosphates; N.E.S in Item No. 2835.2 in Colombia (CIF) - 2022
The average import price for phosphates; n.e.s in item no. 2835.2s stood at $4,328 per ton in 2022, surging by 6.8% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphates; n.e.s in item no. 2835.2s increased by +135.7% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 64% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($38,000 per ton), while the price for Vietnam ($552 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+55.3%), 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 Colombia (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $6,054 per ton in 2022, increasing by 14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2016 an increase of 28% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($8,900 per ton), while the average price for exports to Ecuador ($3,554 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 Venezuela (+7.0%), 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 Colombia
In 2022, imports of phosphates; n.e.s in item no. 2835.2s into Colombia skyrocketed to 329 tons, with an increase of 24% against the previous year. In general, imports, however, showed a abrupt setback.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s surged to $1.4M in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 71%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 0.8 | 186 | 559 | 584 | 800.4% |
| United States | 558 | 261 | 201 | 384 | -11.7% |
| Germany | 67.3 | 102 | 145 | 225 | 49.5% |
| China | 181 | 51.2 | 101 | 152 | -5.7% |
| Venezuela | N/A | N/A | N/A | 39.1 | 0% |
| France | 30.4 | 1.0 | 45.7 | 17.7 | -16.5% |
| Vietnam | N/A | 14.2 | N/A | 13.8 | -1.4% |
| Romania | 91.9 | N/A | N/A | N/A | 0% |
| Others | 45.5 | 11.2 | 23.0 | 9.9 | -39.9% |
| Total | 975 | 627 | 1,074 | 1,425 | 13.5% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Colombia in 2022:
- Brazil (125.2 tons)
- United States (74.7 tons)
- Germany (43.4 tons)
- China (39.6 tons)
- Vietnam (25.0 tons)
- Venezuela (16.0 tons)
- France (5.0 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Colombia
In 2022, overseas shipments of phosphates; n.e.s in item no. 2835.2s decreased by -30.8% to 54 tons, falling for the second consecutive year after two years of growth. In general, exports saw a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 14%. As a result, the exports reached the peak of 160 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s dropped sharply to $326K in 2022. Overall, exports faced a precipitous decline. The growth pace was the most rapid in 2020 with an increase of 13%. As a result, the exports attained the peak of $769K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Phosphates; N.E.S in Item No. 2835.2 in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guatemala | 176 | 189 | 241 | 183 | 1.3% |
| Ecuador | 116 | 94.3 | 72.7 | 87.4 | -9.0% |
| Costa Rica | 4.4 | N/A | 3.8 | 15.7 | 52.8% |
| Venezuela | 7.5 | 2.0 | 12.7 | 15.2 | 26.5% |
| Mexico | N/A | N/A | N/A | 10.7 | 0% |
| Dominican Republic | 5.6 | 5.5 | 8.9 | 6.5 | 5.1% |
| Peru | 361 | 421 | 55.6 | 3.7 | -78.3% |
| Chile | N/A | 25.0 | 18.1 | N/A | -27.6% |
| Others | 8.5 | 32.8 | N/A | 3.4 | -26.3% |
| Total | 680 | 769 | 412 | 326 | -21.7% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Colombia in 2022:
- Ecuador (24.6 tons)
- Guatemala (21.2 tons)
- Costa Rica (2.7 tons)
- Venezuela (2.0 tons)
- Mexico (1.2 tons)
- Dominican Republic (1.0 tons)
- Peru (0.5 tons)
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