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

Contents:

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

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $1,343 per ton, approximately reflecting the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. As a result, import price reached the peak level of $2,351 per ton. From 2018 to 2022, the average import prices remained at a lower figure.

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 ($3,366 per ton), while the price for China ($688 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.6%), 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 Kuwait (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,237 per ton in 2022, surging by 38% against the previous year. In general, the export price, however, recorded a perceptible shrinkage. The export price peaked at $1,731 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($1,681 per ton), while the average price for exports to Iran totaled $1,104 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+32.1%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of phosphates; n.e.s in item no. 2835.2s increased by 678% to 460 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a significant increase. As a result, imports attained 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 $618K in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phosphates; N.E.S in Item No. 2835.2 in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States17.20.21.2285154.9%
China11028.614.821124.3%
India4.75.30.153.6125.1%
France10.84.33.235.749.0%
Saudi Arabia9.33.82.66.1-13.1%
Germany10.83.92.34.5-25.3%
Spain31.111.19.7N/A-44.2%
Thailand54.832.631.7N/A-23.9%
Others57.332.213.222.6-26.7%
Total30612278.661826.4%

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

  1. China (306.5 tons)
  2. United States (84.6 tons)
  3. India (44.1 tons)
  4. France (10.6 tons)
  5. Saudi Arabia (4.0 tons)
  6. Germany (3.6 tons)

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

In 2022, shipments abroad of phosphates; n.e.s in item no. 2835.2s increased by 41% to 5.2 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a dramatic curtailment.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $6.5K in 2022. Overall, exports, however, showed a dramatic shrinkage.

Export of Phosphates; N.E.S in Item No. 2835.2 in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Iran11.76.90.64.4-27.8%
United Arab Emirates3.92.60.22.0-20.0%
IraqN/AN/A2.5N/A0%
OthersN/AN/AN/AN/A0%
Total15.79.53.36.5-25.5%

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

  1. Iran (4.0 tons)
  2. United Arab Emirates (1.2 tons)

Source: IndexBox Market Intelligence Platform

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