Price for Phosphates; N.E.S in Item No. 2835.2 in the Philippines - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in the Philippines (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in the Philippines (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in the Philippines
- Exports of Phosphates; N.E.S in Item No. 2835.2 in the Philippines
Price for Phosphates; N.E.S in Item No. 2835.2 in the Philippines (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $1,131 per ton, rising by 8.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 60% against the previous year. As a result, import price attained the peak level of $2,727 per ton. From 2017 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 Germany ($3,827 per ton), while the price for Taiwan (Chinese) ($361 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+66.5%), 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 the Philippines (FOB) - 2022
In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $57,500 per ton, growing by 1,329% against the previous year. Overall, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +14.2% per year.
Imports of Phosphates; N.E.S in Item No. 2835.2 in the Philippines
Imports of phosphates; n.e.s in item no. 2835.2s into the Philippines expanded rapidly to 1.5K tons in 2022, increasing by 15% against 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $1.7M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Phosphates; N.E.S in Item No. 2835.2 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 266 | 195 | 461 | 697 | 37.9% |
| Germany | 74.3 | 69.6 | 187 | 374 | 71.4% |
| Taiwan (Chinese) | 74.5 | 53.7 | 147 | 231 | 45.8% |
| France | 30.1 | 26.7 | 63.3 | 166 | 76.7% |
| United States | 73.4 | 76.5 | 118 | 65.3 | -3.8% |
| Others | 655 | 603 | 409 | 195 | -33.2% |
| Total | 1,173 | 1,024 | 1,386 | 1,728 | 13.8% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to the Philippines in 2022:
- China (699.0 tons)
- Taiwan (Chinese) (638.6 tons)
- Germany (97.6 tons)
- France (45.0 tons)
- United States (18.0 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in the Philippines
In 2022, overseas shipments of phosphates; n.e.s in item no. 2835.2s decreased by 99.9% to 2 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. As a result, the exports attained the peak of 7 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s shrank sharply to $115 in 2022. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2020 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $20K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Phosphates; N.E.S in Item No. 2835.2 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Australia | 2.4 | 3.5 | 2.7 | N/A | 6.1% |
| Malaysia | 11.6 | 16.7 | 12.3 | N/A | 3.0% |
| Others | 0.2 | 0.2 | 4.2 | N/A | 358.3% |
| Total | 14.2 | 20.4 | 19.5 | 0.1 | -80.8% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from the Philippines in 2022:
- India (2.0 kg)
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
