Phosphates; of Potassium Price in Sudan - 2022
Contents:
Phosphates; of Potassium Price in Sudan (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $2,030 per ton, remaining stable against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +9.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price decreased by -0.2% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the average import price increased by 126% against the previous year. The import price peaked at $2,908 per ton in 2014; however, from 2015 to 2022, 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 China ($2,380 per ton), while the price for Egypt amounted to $1,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%).
Phosphates; of Potassium Imports in Sudan
In 2022, phosphates; of potassium imports into Sudan expanded remarkably to 98 tons, with an increase of 10% compared with the year before. The total import volume increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 17%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, phosphates; of potassium imports skyrocketed to $200K in 2022. The total import value increased at an average annual rate of +13.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in Sudan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.3 | 56.2 | 94.8 | 171 | 82.1% |
| Egypt | 104 | 90.5 | 67.3 | 25.9 | -37.1% |
| Others | 4.1 | 3.1 | 2.7 | 2.9 | -10.9% |
| Total | 136 | 150 | 165 | 200 | 13.7% |
Top Suppliers of Phosphates; of Potassium to Sudan in 2022:
- China (71.8 tons)
- Egypt (25.9 tons)
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