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

Contents:

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

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $3,438 per ton, picking up by 55% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 +65.5% against 2020 indices. As a result, import price reached 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 Malaysia ($9,024 per ton), while the price for China ($2,558 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.7%), 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 Sri Lanka (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $3,533 per ton in 2022, with an increase of 1.7% against the previous year. Overall, the export price posted a buoyant expansion. The pace of growth was the most pronounced in 2014 an increase of 80%. Over the period under review, the average export prices hit record highs at $3,641 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +34.2% per year.

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

For the third consecutive year, Sri Lanka recorded decline in overseas purchases of phosphates; n.e.s in item no. 2835.2s, which decreased by -12% to 137 tons in 2022. In general, imports faced a abrupt slump.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $470K in 2022. Overall, imports recorded a drastic downturn.

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

1. China (83.5 tons)
2. Thailand (19.0 tons)
3. India (10.8 tons)
4. Seychelles (10.0 tons)
5. France (4.0 tons)
6. Malaysia (4.0 tons)
7. United Kingdom (2.0 tons)
8. Germany (0.6 tons)

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

For the third year in a row, Sri Lanka recorded decline in shipments abroad of phosphates; n.e.s in item no. 2835.2s, which decreased by -21.1% to 15 kg in 2022. Over the period under review, exports saw a dramatic contraction. The smallest decline of -17.4% was in 2021.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s shrank sharply to $53 in 2022. Overall, exports continue to indicate a deep slump. The smallest decline of -19.5% was in 2021.

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

1. Maldives (15.0 kg)

Source: IndexBox Market Intelligence Platform