Price for Phosphates; N.E.S in Item No. 2835.2 in the United Arab Emirates - 2022

Contents:

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

Price for Phosphates; N.E.S in Item No. 2835.2 in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,361 per ton, almost unchanged from the previous year. Overall, the import price, however, saw a perceptible expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 70% against the previous year. Over the period under review, average import prices hit record highs at $2,393 per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($5,026 per ton), while the price for Oman ($817 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.0%), 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 United Arab Emirates (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,745 per ton in 2022, rising by 3.6% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates; n.e.s in item no. 2835.2s increased by +44.4% against 2019 indices. The growth pace was the most rapid in 2015 an increase of 124%. The export price peaked at $1,808 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($4,343 per ton), while the average price for exports to Yemen ($748 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphates; N.E.S in Item No. 2835.2 in the United Arab Emirates

In 2022, overseas purchases of phosphates; n.e.s in item no. 2835.2s decreased by -0.2% to 1.1K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of 1.3K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s shrank to $2.6M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.9% 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 +59.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. As a result, imports attained the peak of $2.6M, and then dropped slightly in the following year.

Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to the United Arab Emirates in 2022:

1. China (426.4 tons)
2. France (181.6 tons)
3. India (166.8 tons)
4. Saudi Arabia (106.7 tons)
5. Taiwan (Chinese) (66.1 tons)
6. Thailand (44.0 tons)
7. Spain (31.5 tons)
8. Germany (16.9 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in the United Arab Emirates

In 2022, the amount of phosphates; n.e.s in item no. 2835.2s exported from the United Arab Emirates plummeted to 315 tons, with a decrease of -67.5% on the previous year's figure. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. As a result, the exports reached the peak of 969 tons, and then declined rapidly in the following year.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s contracted dramatically to $550K in 2022. Over the period under review, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 75%. As a result, the exports attained the peak of $1.6M, and then declined sharply in the following year.

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

1. Yemen (85.2 tons)
2. Iraq (37.0 tons)
3. Iran (35.7 tons)
4. Saudi Arabia (29.8 tons)
5. Jordan (23.9 tons)
6. Kuwait (23.3 tons)
7. Oman (19.2 tons)
8. Pakistan (15.8 tons)

Source: IndexBox Market Intelligence Platform