Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China - 2023
Contents:
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (FOB) - 2023
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (CIF) - 2023
- Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China
- Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (FOB) - 2023
The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $1,676 per ton in December 2023, picking up by 10% against the previous month. In general, the export price, however, showed a slight reduction. Over the period under review, the average export prices hit record highs at $1,937 per ton in February 2023; however, from March 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the UK ($2,265 per ton), while the average price for exports to Turkey ($1,290 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+1.2%), while the prices for the other major destinations experienced a decline.
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (CIF) - 2023
In December 2023, the average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $3,345 per ton, declining by -10.1% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 52% against the previous month. Over the period under review, average import prices hit record highs at $6,544 per ton in September 2023; however, from October 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 Japan ($7,601 per ton), while the price for Canada ($2,023 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 Germany (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China
In 2022, the amount of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s exported from China expanded rapidly to 179K tons, increasing by 13% on 2021 figures. The total export volume increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s skyrocketed to $395M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 12.7 | 12.6 | 16.0 | 28.9 | 31.5% |
| Australia | 8.7 | 13.1 | 17.3 | 24.1 | 40.4% |
| South Korea | 16.3 | 14.0 | 21.1 | 23.1 | 12.3% |
| Spain | 10.5 | 10.8 | 12.0 | 21.2 | 26.4% |
| Thailand | 12.5 | 12.0 | 17.0 | 21.0 | 18.9% |
| Netherlands | 6.0 | 3.7 | 7.2 | 16.5 | 40.1% |
| India | 6.2 | 6.5 | 9.9 | 15.0 | 34.2% |
| Indonesia | 5.9 | 7.3 | 11.3 | 14.9 | 36.2% |
| Brazil | 7.7 | 9.8 | 10.0 | 14.4 | 23.2% |
| Turkey | 7.1 | 8.6 | 8.5 | 13.7 | 24.5% |
| United States | 5.4 | 2.6 | 3.3 | 13.7 | 36.4% |
| United Kingdom | 8.4 | 7.6 | 7.8 | 13.4 | 16.8% |
| Malaysia | 6.3 | 5.5 | 6.3 | 10.1 | 17.0% |
| Others | 90.6 | 86.7 | 107 | 165 | 22.1% |
| Total | 204 | 201 | 255 | 395 | 24.6% |
Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from China in 2022:
- Russia (12.0K tons)
- Australia (11.7K tons)
- Spain (10.6K tons)
- Thailand (9.5K tons)
- South Korea (8.8K tons)
- Brazil (7.6K tons)
- India (7.4K tons)
- Netherlands (7.3K tons)
- Turkey (6.9K tons)
- Indonesia (5.7K tons)
- United Kingdom (5.2K tons)
- United States (4.6K tons)
- Malaysia (4.6K tons)
Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China
Imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s into China declined to 2.9K tons in 2022, waning by -7% compared with the previous year. The total import volume increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 28%. As a result, imports attained the peak of 3.1K tons, and then declined in the following year.
In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s reduced slightly to $12M in 2022. The total import value increased at an average annual rate of +9.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. As a result, imports attained the peak of $12M, and then contracted modestly in the following year.
| Import of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.5 | 3.4 | 3.5 | 4.8 | 24.3% |
| Germany | 3.3 | 2.5 | 3.6 | 3.0 | -3.1% |
| Japan | 1.6 | 1.6 | 2.8 | 2.7 | 19.1% |
| Spain | 0.8 | 0.4 | 1.6 | 1.1 | 11.2% |
| Canada | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| India | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Others | 0.4 | 0.5 | 0.3 | 0.2 | -20.6% |
| Total | 9.0 | 8.6 | 12.0 | 11.8 | 9.4% |
Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to China in 2022:
- United States (1375.6 tons)
- Germany (920.9 tons)
- Japan (310.0 tons)
- Spain (204.1 tons)
- Canada (71.8 tons)
- India (12.5 tons)
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