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

Contents:

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

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

The average import price for phosphates; n.e.s in item no. 2835.2s stood at $3,366 per ton in 2022, surging by 36% against the previous year. Overall, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 +84.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($3,366 per ton) and Thailand ($3,366 per ton), while the price for South Korea ($3,366 per ton) and China ($3,366 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.4%), 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 Vietnam (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $3,376 per ton, surging by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($3,376 per ton), while the average price for exports to the Philippines totaled $3,375 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+4.8%), 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 Vietnam

After two years of decline, supplies from abroad of phosphates; n.e.s in item no. 2835.2s increased by 0.2% to 1K tons in 2022. In general, imports, however, saw a deep downturn.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $3.5M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Vietnam in 2022:

1. China (585.4 tons)
2. Thailand (109.0 tons)
3. Germany (91.6 tons)
4. France (76.0 tons)
5. South Korea (69.0 tons)
6. Japan (42.9 tons)
7. Taiwan (Chinese) (26.4 tons)

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

In 2022, approx. 7.5 tons of phosphates; n.e.s in item no. 2835.2s were exported from Vietnam; with a decrease of -23% against the previous year. Overall, exports faced a significant contraction. The smallest decline of -14.1% was in 2020.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s reduced to $25K in 2022. Over the period under review, exports saw a abrupt contraction.

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

1. Cambodia (5.8 tons)
2. Philippines (1.6 tons)

Source: IndexBox Market Intelligence Platform