Phosphates; of Potassium Price in Hong Kong SAR - 2023
Contents:
- Phosphates; of Potassium Price in Hong Kong SAR (CIF) - 2022
- Phosphates; of Potassium Price in Hong Kong SAR (FOB) - 2022
- Phosphates; of Potassium Imports in Hong Kong SAR
- Phosphates; of Potassium Exports in Hong Kong SAR
Phosphates; of Potassium Price in Hong Kong SAR (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $5,420 per ton, dropping by -17.7% against the previous year. Over the period under review, the import price, however, saw a noticeable expansion. The most prominent rate of growth was recorded in 2016 an increase of 152% against the previous year. As a result, import price reached the peak level of $8,211 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($41,220 per ton), while the price for Germany ($3,284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Price in Hong Kong SAR (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $2,769 per ton, with a decrease of -6.4% against the previous year. Overall, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. As a result, the export price attained the peak level of $8,430 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($5,103 per ton), while the average price for exports to China totaled $2,704 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.1%).
Phosphates; of Potassium Imports in Hong Kong SAR
In 2022, purchases abroad of phosphates; of potassia decreased by -38.8% to 12 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2020 when imports increased by 369%. As a result, imports reached the peak of 158 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, phosphates; of potassium imports contracted rapidly to $68K in 2022. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 848% against the previous year. As a result, imports reached the peak of $1.2M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Phosphates; of Potassium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 38.9 | 41.2 | 41.3 | 21.3 | -18.2% |
| Germany | 79.0 | 158 | 30.6 | 17.2 | -39.8% |
| Netherlands | N/A | N/A | 41.2 | 15.2 | -63.1% |
| Belgium | N/A | 18.5 | 13.9 | 8.5 | -32.2% |
| China | 7.3 | 1,000 | 5.5 | 2.8 | -27.3% |
| United Kingdom | N/A | N/A | N/A | 2.5 | 0% |
| Others | 3.2 | N/A | 1.9 | N/A | -22.9% |
| Total | 128 | 1,217 | 134 | 67.6 | -19.2% |
Top Suppliers of Phosphates; of Potassium to Hong Kong SAR in 2022:
- Germany (5.3 tons)
- Netherlands (4.5 tons)
- Belgium (1.2 tons)
- United Kingdom (0.5 tons)
- Japan (0.5 tons)
- China (0.5 tons)
Phosphates; of Potassium Exports in Hong Kong SAR
Phosphates; of potassium exports from Hong Kong SAR contracted modestly to 29 tons in 2022, falling by -3.8% on 2021 figures. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. As a result, the exports reached the peak of 31 tons, and then shrank modestly in the following year.
In value terms, phosphates; of potassium exports contracted to $82K in 2022. The total export value increased at an average annual rate of +3.8% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 13%.
| Export of Phosphates; of Potassium in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 68.9 | 77.4 | 78.2 | 77.5 | 4.0% |
| Singapore | 4.1 | 5.3 | 10.5 | 4.1 | 0.0% |
| Others | N/A | N/A | 2.0 | N/A | 0% |
| Total | 73.0 | 82.7 | 90.7 | 81.6 | 3.8% |
Top Export Markets for Phosphates; of Potassium from Hong Kong SAR in 2022:
- China (28.7 tons)
- Singapore (0.8 tons)
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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