Phosphates; of Potassium Price in Iran - 2021

Contents:

  1. Phosphates; of Potassium Price in Iran (CIF) - 2022
  2. Phosphates; of Potassium Price in Iran (FOB) - 2022
  3. Phosphates; of Potassium Imports in Iran
  4. Phosphates; of Potassium Exports in Iran

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

In 2022, the average phosphates; of potassium import price amounted to $2,498 per ton, increasing by 30% against the previous year. In general, the import price continues to indicate resilient growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 37% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($16,670 per ton), while the price for India ($679 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Phosphates; of Potassium Price in Iran (FOB) - 2022

The average phosphates; of potassium export price stood at $1,933 per ton in 2022, picking up by 3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2016 when the average export price increased by 42% against the previous year. As a result, the export price attained the peak level of $2,290 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Azerbaijan.

From 2012 to 2022, the rate of growth in terms of prices for Azerbaijan amounted to +1.2% per year.

Phosphates; of Potassium Imports in Iran

In 2022, supplies from abroad of phosphates; of potassia was finally on the rise to reach 2.1K tons after two years of decline. Over the period under review, imports, however, continue to indicate a deep setback.

In value terms, phosphates; of potassium imports surged to $5.3M in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phosphates; of Potassium in Iran (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,1279697382,77035.0%
China1,2701,257357745-16.3%
Luxembourg46039228263611.4%
Belgium1,7631,316566575-31.2%
India11717811523526.2%
United Arab Emirates16264.79.688.8-18.2%
Thailand60.740.723.040.9-12.3%
ItalyN/A365N/AN/A0%
Others19765867.6178-3.3%
Total5,1565,2402,1595,2690.7%

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

  1. Belgium (773.7 tons)
  2. Germany (437.8 tons)
  3. China (413.4 tons)
  4. India (345.4 tons)
  5. United Arab Emirates (55.0 tons)
  6. Luxembourg (38.2 tons)
  7. Thailand (37.8 tons)

Phosphates; of Potassium Exports in Iran

For the third year in a row, Iran recorded decline in shipments abroad of phosphates; of potassia, which decreased by -16.6% to 403 kg in 2022. In general, exports showed a deep setback.

In value terms, phosphates; of potassium exports contracted to $779 in 2022. Overall, exports showed a abrupt decline.

Export of Phosphates; of Potassium in Iran (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Azerbaijan1,1871,005871748-14.3%
Others17.036.029.031.022.2%
Total1,2041,041900779-13.5%

Top Export Markets for Phosphates; of Potassium from Iran in 2022:

  1. Azerbaijan (401.0 kg)

Source: IndexBox Market Intelligence Platform

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