Price for Phosphates; N.E.S in Item No. 2835.2 in the UK - 2023

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in the UK (CIF) - 2023
2. Price for Phosphates; N.E.S in Item No. 2835.2 in the UK (FOB) - 2023
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in the UK
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in the UK

Price for Phosphates; N.E.S in Item No. 2835.2 in the UK (CIF) - 2023

The average import price for phosphates; n.e.s in item no. 2835.2s stood at $1,314 per ton in November 2023, waning by -33.9% against the previous month. Over the period under review, the import price continues to indicate a slight downturn. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 89% against the previous month. Over the period under review, average import prices attained the maximum at $4,043 per ton in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Denmark ($6,799 per ton), while the price for the Netherlands ($716 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Turkey (0.0%), while the prices for the other major suppliers experienced a decline.

Price for Phosphates; N.E.S in Item No. 2835.2 in the UK (FOB) - 2023

In November 2023, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $1,655 per ton, waning by -39.9% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 111% month-to-month. The export price peaked at $14,349 per ton in March 2023; however, from April 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was South Africa ($4,159 per ton), while the average price for exports to Ireland ($753 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+144.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of phosphates; n.e.s in item no. 2835.2s imported into the UK shrank to 8.2K tons, dropping by -14.8% compared with the year before. Overall, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 3.3%.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $16M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +8.6% 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 +59.4% against 2020 indices. 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 the UK in 2022:

1. Finland (2757.2 tons)
2. France (2033.2 tons)
3. Germany (975.4 tons)
4. Ireland (726.2 tons)
5. Turkey (620.6 tons)
6. China (549.9 tons)
7. Spain (202.1 tons)
8. Belgium (131.7 tons)
9. Netherlands (9.2 tons)

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

For the fourth year in a row, the UK recorded growth in shipments abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 3.8% to 2.5K tons in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +55.0% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 24%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $8.5M in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Norway (696.3 tons)
2. Ireland (521.0 tons)
3. Poland (172.0 tons)
4. France (154.3 tons)
5. Finland (153.3 tons)
6. Germany (140.1 tons)
7. Bulgaria (80.0 tons)
8. Spain (61.6 tons)
9. Netherlands (59.2 tons)
10. Czech Republic (47.0 tons)
11. Thailand (46.0 tons)
12. United States (41.8 tons)
13. Italy (38.3 tons)

Source: IndexBox Market Intelligence Platform