Phosphates; of Potassium Price in the Dominican Republic - 2023
Contents:
- Phosphates; of Potassium Price in the Dominican Republic (CIF) - 2022
- Phosphates; of Potassium Price in the Dominican Republic (FOB) - 2022
- Phosphates; of Potassium Imports in the Dominican Republic
- Phosphates; of Potassium Exports in the Dominican Republic
Phosphates; of Potassium Price in the Dominican Republic (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $1,383 per ton, almost unchanged from the previous year. Over the period under review, the import price showed a pronounced contraction. The pace of growth appeared the most rapid in 2020 an increase of 22%. The import price peaked at $1,732 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 the United States ($2,704 per ton), while the price for China ($863 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+41.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Price in the Dominican Republic (FOB) - 2022
The average phosphates; of potassium export price stood at $734 per ton in 2022, waning by -3.7% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. As a result, the export price attained the peak level of $2,831 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Jamaica.
From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to -11.0% per year.
Phosphates; of Potassium Imports in the Dominican Republic
After two years of decline, supplies from abroad of phosphates; of potassia increased by 41% to 318 tons in 2022. Overall, imports, however, continue to indicate a abrupt downturn.
In value terms, phosphates; of potassium imports surged to $439K in 2022. Over the period under review, imports, however, showed a abrupt shrinkage.
| Import of Phosphates; of Potassium in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 372 | 263 | 94.7 | 145 | -27.0% |
| China | 116 | 111 | 64.9 | 90.7 | -7.9% |
| Belgium | 30.2 | 40.7 | 45.4 | 69.1 | 31.8% |
| Germany | 23.4 | 40.7 | 18.9 | 20.2 | -4.8% |
| Panama | 22.0 | 88.8 | N/A | N/A | 303.6% |
| Others | 15.3 | 21.6 | 88.7 | 114 | 95.3% |
| Total | 579 | 566 | 313 | 439 | -8.8% |
Top Suppliers of Phosphates; of Potassium to the Dominican Republic in 2022:
- China (105.0 tons)
- Belgium (73.7 tons)
- United States (53.8 tons)
- Germany (3.1 tons)
Phosphates; of Potassium Exports in the Dominican Republic
In 2022, shipments abroad of phosphates; of potassia was finally on the rise to reach 676 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic curtailment.
In value terms, phosphates; of potassium exports skyrocketed to $496 in 2022. Overall, exports, however, recorded a significant decrease.
| Export of Phosphates; of Potassium in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jamaica | 4.6 | 0.8 | 0.2 | 0.5 | -52.3% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 4.6 | 0.8 | 0.2 | 0.5 | -52.3% |
Top Export Markets for Phosphates; of Potassium from the Dominican Republic in 2022:
- Jamaica (676.0 kg)
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