Phosphates; of Potassium Price in Sri Lanka - 2021
Contents:
- Phosphates; of Potassium Price in Sri Lanka (CIF) - 2022
- Phosphates; of Potassium Imports in Sri Lanka
Phosphates; of Potassium Price in Sri Lanka (CIF) - 2022
The average phosphates; of potassium import price stood at $3,413 per ton in 2022, dropping by -48.8% against the previous year. In general, the import price showed a slight slump. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. The import price peaked at $7,012 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($3,325 per ton), while the price for China stood at $3,045 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Imports in Sri Lanka
For the fourth year in a row, Sri Lanka recorded growth in overseas purchases of phosphates; of potassia, which increased by 131% to 11 tons in 2022. Over the period under review, imports recorded significant growth. 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 $38K in 2022. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 111%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Phosphates; of Potassium in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.9 | 5.1 | 10.3 | 20.5 | 183.5% |
| China | 0.9 | 0.5 | 0.3 | 15.2 | 156.6% |
| Singapore | 6.9 | 12.3 | 14.0 | N/A | 42.4% |
| Others | 2.1 | 5.0 | 7.9 | 2.7 | 8.7% |
| Total | 10.8 | 22.9 | 32.5 | 38.4 | 52.6% |
Top Suppliers of Phosphates; of Potassium to Sri Lanka in 2022:
- India (6.2 tons)
- China (5.0 tons)
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