Price for Phosphates; N.E.S in Item No. 2835.2 in Hong Kong SAR - 2023

Contents:

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

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $939 per ton, growing by 15% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 120% against the previous year. As a result, import price reached the peak level of $2,053 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.6% per year.

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

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $13,601 per ton, jumping by 32% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of 129% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +14.1% per year.

Imports of Phosphates; N.E.S in Item No. 2835.2 in Hong Kong SAR

In 2022, supplies from abroad of phosphates; n.e.s in item no. 2835.2s decreased by -15.4% to 27 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 45%. As a result, imports attained the peak of 40 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s reduced to $25K in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. As a result, imports reached the peak of $29K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. China (26.5 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in Hong Kong SAR

In 2022, approx. 692 kg of phosphates; n.e.s in item no. 2835.2s were exported from Hong Kong SAR; waning by -92.1% against the previous year's figure. Over the period under review, exports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 153% against the previous year. As a result, the exports reached the peak of 8.7 tons, and then fell significantly in the following year.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s fell dramatically to $9.4K in 2022. Overall, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 226% against the previous year. As a result, the exports attained the peak of $90K, and then declined sharply in the following year.

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

1. China (690.0 kg)

Source: IndexBox Market Intelligence Platform