Phosphates; of Potassium Price in Bangladesh - 2022

Contents:

  1. Phosphates; of Potassium Price in Bangladesh (CIF) - 2022
  2. Phosphates; of Potassium Imports in Bangladesh

Phosphates; of Potassium Price in Bangladesh (CIF) - 2022

In 2022, the average phosphates; of potassium import price amounted to $3,444 per ton, surging by 41% against the previous year. Overall, the import price, however, saw a mild slump. The import price peaked at $4,152 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($10,733 per ton), while the price for the UK ($1,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Imports in Bangladesh

In 2022, the amount of phosphates; of potassia imported into Bangladesh declined dramatically to 34 tons, shrinking by -20.9% compared with the previous year's figure. Over the period under review, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 173% against the previous year. As a result, imports attained the peak of 43 tons, and then shrank remarkably in the following year.

In value terms, phosphates; of potassium imports amounted to $118K in 2022. Overall, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 123% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Phosphates; of Potassium in Bangladesh (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India31.03.240.738.57.5%
Germany23.414.825.335.214.6%
South Korea2.66.31.219.094.1%
United Kingdom4.49.932.512.441.3%
SpainN/A11.15.211.30.9%
Others2.12.31.21.6-8.7%
Total63.447.510611823.0%

Top Suppliers of Phosphates; of Potassium to Bangladesh in 2022:

  1. India (15.1 tons)
  2. United Kingdom (8.0 tons)
  3. Germany (5.1 tons)
  4. South Korea (4.9 tons)
  5. Spain (1.1 tons)

Source: IndexBox Market Intelligence Platform

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