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

Contents:

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

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $6,361 per ton, surging by 116% against the previous year. In general, the import price continues to indicate strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the United States ($23,703 per ton), while the price for China ($2,797 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.0%), 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 Ecuador (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $7,022 per ton, with an increase of 5.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2021 an increase of 25%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 Canada ($14,917 per ton), while the average price for exports to the United States totaled $6,906 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+37.5%).

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

For the third year in a row, Ecuador recorded decline in overseas purchases of phosphates; n.e.s in item no. 2835.2s, which decreased by -25.8% to 94 tons in 2022. In general, imports saw a deep slump. The smallest decline of -3.6% was in 2021.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $597K in 2022. Over the period under review, imports, however, showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (42.9 tons)
2. Colombia (23.6 tons)
3. United States (14.0 tons)
4. France (5.1 tons)
5. Brazil (5.0 tons)
6. Mexico (2.3 tons)

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

In 2022, overseas shipments of phosphates; n.e.s in item no. 2835.2s decreased by -4% to 1.7 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s reached $12K in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2020 with an increase of 68% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

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

1. United States (1629.0 kg)
2. Canada (24.0 kg)

Source: IndexBox Market Intelligence Platform