Phosphates; of Potassium Price in Jordan - 2022

Contents:

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

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

In 2022, the average phosphates; of potassium import price amounted to $2,757 per ton, growing by 68% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($2,757 per ton), while the price for Free Zones ($2,757 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Free Zones (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average phosphates; of potassium export price stood at $2,795 per ton in 2022, surging by 73% against the previous year. In general, the export price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 75% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($5,783 per ton), while the average price for exports to Saudi Arabia ($2,627 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphates; of Potassium Imports in Jordan

In 2022, imports of phosphates; of potassia into Jordan fell dramatically to 1.7K tons, with a decrease of -27.8% on the year before. Overall, imports saw a abrupt slump. The smallest decline of -1.9% was in 2020.

In value terms, phosphates; of potassium imports soared to $4.6M in 2022. The total import value increased at an average annual rate of +12.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Import of Phosphates; of Potassium in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China2,2893,1162,5004,02920.7%
Israel10019569943963.7%
Free Zones26.652.273.986.348.0%
Belgium206309330N/A26.6%
United Arab Emirates21112625.1N/A-65.5%
Others42520416954.3-49.6%
Total3,2584,0023,7974,60912.3%

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

  1. China (1461.7 tons)
  2. Israel (159.3 tons)
  3. Free Zones (31.3 tons)

Phosphates; of Potassium Exports in Jordan

In 2022, exports of phosphates; of potassia from Jordan shrank notably to 2.2 tons, with a decrease of -88.5% compared with 2021 figures. In general, exports showed a significant decrease. The smallest decline of -6.6% was in 2020.

In value terms, phosphates; of potassium exports reduced remarkably to $6.3K in 2022. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. As a result, the exports reached the peak of $113K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Phosphates; of Potassium in Jordan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia26.412.518.14.4-45.0%
Free Zones52.929.24.91.2-71.7%
Qatar10.07.72.00.5-63.2%
ChinaN/A10.9N/AN/A0%
PolandN/A52.7N/AN/A0%
OthersN/AN/A6.70.1-98.5%
Total89.211331.66.3-58.7%

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

  1. Saudi Arabia (1693.0 kg)
  2. Free Zones (458.0 kg)
  3. Qatar (83.0 kg)

Source: IndexBox Market Intelligence Platform

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