Price for Phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphates in Hong Kong SAR - 2023

Contents:

1. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR (CIF) - 2023
2. Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR (FOB) - 2022
3. Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR
4. Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR (CIF) - 2023

In October 2023, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $4,024 per ton, growing by 400% against the previous month. In general, the import price, however, saw a perceptible downturn. Over the period under review, average import prices reached the peak figure at $9,415 per ton in July 2023; however, from August 2023 to October 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Germany ($11,362 per ton), while the price for Malaysia ($567 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $7,573 per ton, with an increase of 3.2% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses increased by +90.3% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 46%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($9,959 per ton), while the average price for exports to Brazil ($1,478 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 China (+7.6%).

Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR

In 2022, overseas purchases of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -31.9% to 893 tons, falling for the second year in a row after two years of growth. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2020 when imports increased by 36% against the previous year. As a result, imports reached the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses declined remarkably to $2.6M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 33%. As a result, imports reached the peak of $3.3M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to Hong Kong SAR in 2022:

1. China (279.2 tons)
2. Malaysia (276.1 tons)
3. Germany (229.7 tons)
4. Japan (55.4 tons)
5. United States (41.8 tons)

Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in Hong Kong SAR

In 2022, shipments abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -24.1% to 189 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports reached the peak of 458 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses shrank dramatically to $1.4M in 2022. Overall, exports showed a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by 50% against the previous year. As a result, the exports reached the peak of $2.3M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from Hong Kong SAR in 2022:

1. China (147.5 tons)
2. Brazil (27.1 tons)
3. Vietnam (10.0 tons)

Source: IndexBox Market Intelligence Platform