Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa - 2023

Contents:

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

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa (CIF) - 2023

In December 2023, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $729 per ton, which is down by -58% against the previous month. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 91% month-to-month. Over the period under review, average import prices attained the maximum at $1,898 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($1,980 per ton), while the price for Russia ($431 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (-1.1%), while the prices for the other major suppliers experienced a decline.

Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa (FOB) - 2023

The average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $855 per ton in December 2023, waning by -2.6% against the previous month. Overall, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in January 2023 an increase of 32% against the previous month. As a result, the export price attained the peak level of $1,449 per ton. From February 2023 to December 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In December 2023, the countries with the highest prices were Swaziland ($976 per ton) and Zambia ($898 per ton), while the average price for exports to Botswana ($660 per ton) and Malawi ($684 per ton) were amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+12.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa

In 2022, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses into South Africa soared to 66K tons, jumping by 18% against the previous year's figure. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.1% 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 +77.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 47% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses soared to $85M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China18.122.719.630.519.0%
Russia3.21.15.319.081.1%
Spain0.10.19.813.0406.6%
Germany5.44.15.14.3-7.3%
France0.60.81.04.291.3%
Finland2.21.70.83.314.5%
Thailand1.02.71.53.348.9%
Tunisia0.32.91.61.154.2%
Lithuania0.41.03.40.931.0%
Others4.24.47.55.48.7%
Total35.541.755.685.233.9%

Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to South Africa in 2022:

  1. China (20.5K tons)
  2. Russia (18.2K tons)
  3. Spain (11.5K tons)
  4. Finland (5.9K tons)
  5. France (2.5K tons)
  6. Thailand (1.4K tons)
  7. Tunisia (1.3K tons)
  8. Germany (1.3K tons)
  9. Lithuania (1.0K tons)

Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa

In 2022, overseas shipments of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -28.4% to 346K tons, falling for the second year in a row after two years of growth. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 144%. As a result, the exports reached the peak of 518K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $85M in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 94% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in South Africa (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/A18.024.037.344.0%
Lithuania13.628.526.07.0-19.9%
Japan3.63.84.16.622.4%
SpainN/AN/AN/A5.40%
IndiaN/AN/A4.85.16.3%
New Zealand3.34.20.10.1-68.8%
Others13.511.618.123.520.3%
Total34.166.177.185.035.6%

Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from South Africa in 2022:

  1. Netherlands (187.3K tons)
  2. Lithuania (55.0K tons)
  3. Japan (36.5K tons)
  4. India (30.4K tons)
  5. Spain (16.6K tons)
  6. New Zealand (0.1K tons)

Source: IndexBox Market Intelligence Platform

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