Phosphates; of Potassium Price in Mexico - 2023
Contents:
- Phosphates; of Potassium Price in Mexico (CIF) - 2023
- Phosphates; of Potassium Price in Mexico (FOB) - 2023
- Phosphates; of Potassium Imports in Mexico
- Phosphates; of Potassium Exports in Mexico
Phosphates; of Potassium Price in Mexico (CIF) - 2023
In August 2023, the average phosphates; of potassium import price amounted to $1,537 per ton, shrinking by -10.9% against the previous month. Over the period under review, the import price continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in March 2023 when the average import price increased by 19% m-o-m. Over the period under review, average import prices hit record highs at $2,510 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($2,493 per ton), while the price for China ($1,445 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (-4.0%), while the prices for the other major suppliers experienced a decline.
Phosphates; of Potassium Price in Mexico (FOB) - 2023
In June 2023, the average phosphates; of potassium export price amounted to $2,434 per ton, approximately mirroring the previous month. Overall, the export price posted a measured increase. The export price peaked in June 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From July 2022 to June 2023, the rate of growth in terms of prices for the United States amounted to +2.0% per month.
Phosphates; of Potassium Imports in Mexico
Phosphates; of potassium imports into Mexico skyrocketed to 32K tons in 2022, increasing by 163% against the previous year. Overall, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphates; of potassium imports surged to $68M in 2022. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.7 | 12.9 | 12.6 | 59.8 | 72.3% |
| Israel | 7.2 | 10.3 | 1.8 | 3.5 | -21.4% |
| United States | 1.2 | 1.6 | 2.3 | 2.1 | 20.5% |
| Belgium | 1.8 | 2.3 | 0.5 | 1.4 | -8.0% |
| Others | 1.4 | 1.5 | 0.3 | 0.8 | -17.0% |
| Total | 23.4 | 28.7 | 17.6 | 67.7 | 42.5% |
Top Suppliers of Phosphates; of Potassium to Mexico in 2022:
- China (28.7K tons)
- Belgium (1.3K tons)
- Israel (1.3K tons)
- United States (1.0K tons)
Phosphates; of Potassium Exports in Mexico
In 2022, approx. 608 tons of phosphates; of potassia were exported from Mexico; which is down by -62.9% compared with the previous year's figure. In general, exports recorded a dramatic curtailment. The smallest decline of -33.6% was in 2020.
In value terms, phosphates; of potassium exports reduced rapidly to $1.2M in 2022. Overall, exports continue to indicate a precipitous shrinkage. The smallest decline of -34.3% was in 2020.
| Export of Phosphates; of Potassium in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | N/A | 2.8 | 1.2 | -48.5% |
| Ecuador | 0.1 | 1.5 | N/A | N/A | 1400.0% |
| Peru | N/A | 2.4 | N/A | N/A | 0% |
| Guatemala | N/A | 1.8 | N/A | N/A | 0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 9.0 | 5.9 | 2.8 | 1.2 | -48.9% |
Top Export Markets for Phosphates; of Potassium from Mexico in 2022:
- United States (607.5 tons)
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This report provides an in-depth analysis of the global dicalcium phosphate market.
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In June 2023, the price of Sodium Phosphates was $4,207 per ton (CIF, Mexico), declining by -8.9% compared to the previous month.
391
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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...
1306
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
281
In June 2023, the price of Sodium Phosphates was $4,207 per ton (CIF, Mexico), declining by -8.9% compared to the previous month.
391
In January 2023, the sodium triphosphate price stood at $2,339 per ton (CIF, Mexico), waning by -7.7% against the previous month.
859
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...
1306
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
