Phosphates; of Potassium Price in Turkey - 2023
Contents:
- Phosphates; of Potassium Price in Turkey (CIF) - 2022
- Phosphates; of Potassium Price in Turkey (FOB) - 2022
- Phosphates; of Potassium Imports in Turkey
- Phosphates; of Potassium Exports in Turkey
Phosphates; of Potassium Price in Turkey (CIF) - 2022
The average phosphates; of potassium import price stood at $2,189 per ton in 2022, growing by 71% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 increased by +87.2% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Belgium ($4,299 per ton), while the price for China ($2,011 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Price in Turkey (FOB) - 2022
The average phosphates; of potassium export price stood at $2,944 per ton in 2022, with an increase of 56% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iran ($3,851 per ton), while the average price for exports to Yemen ($1,595 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 Georgia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphates; of Potassium Imports in Turkey
In 2022, after three years of growth, there was significant decline in purchases abroad of phosphates; of potassia, when their volume decreased by -14.4% to 6.2K tons. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 16%.
In value terms, phosphates; of potassium imports soared to $13M in 2022. Overall, imports, however, enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 3.1 | 5.1 | 7.3 | 69.5% |
| Israel | 4.1 | 3.5 | 3.3 | 5.5 | 10.3% |
| Russia | 0.8 | 0.5 | 0.4 | N/A | -29.3% |
| Others | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
| Total | 6.8 | 7.4 | 9.2 | 13.5 | 25.7% |
Top Suppliers of Phosphates; of Potassium to Turkey in 2022:
- Russia (undefinedK tons)
- China (3.6K tons)
- Israel (2.4K tons)
Phosphates; of Potassium Exports in Turkey
Phosphates; of potassium exports from Turkey soared to 1.4K tons in 2022, jumping by 131% against 2021 figures. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 243% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, phosphates; of potassium exports soared to $4M in 2022. In general, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkmenistan | 172 | 771 | 635 | 2,282 | 136.7% |
| Azerbaijan | 116 | 156 | 72.1 | 682 | 80.5% |
| Iran | 69.6 | 451 | 115 | 338 | 69.3% |
| Uzbekistan | 88.1 | 95.8 | 260 | 316 | 53.1% |
| Yemen | N/A | N/A | N/A | 123 | 0% |
| Georgia | 28.5 | 37.0 | N/A | 120 | 61.5% |
| Others | 47.8 | 19.0 | 27.5 | 141 | 43.4% |
| Total | 522 | 1,530 | 1,110 | 4,000 | 97.1% |
Top Export Markets for Phosphates; of Potassium from Turkey in 2022:
- Turkmenistan (791.9 tons)
- Azerbaijan (224.3 tons)
- Uzbekistan (101.1 tons)
- Iran (87.7 tons)
- Yemen (77.1 tons)
- Georgia (38.7 tons)
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This report provides an in-depth analysis of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in Turkey.
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This report provides an in-depth analysis of the dicalcium phosphate market in Turkey.
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This report provides an in-depth analysis of the sodium phosphates market in Turkey.
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This report provides an in-depth analysis of the phosphinates and phosphonates market in Turkey.
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This report provides an in-depth analysis of the sodium triphosphate market in Turkey.
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This report provides an in-depth analysis of the global market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate).
1466
This report provides an in-depth analysis of the global dicalcium phosphate market.
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This report provides an in-depth analysis of the global sodium phosphates market.
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This report provides an in-depth analysis of the global phosphinates and phosphonates market.
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This report provides an in-depth analysis of the global sodium triphosphate market.
275
The price of Dicalcium Phosphate in July 2023 was $639 per ton (FOB, Turkey), recording a decrease of -8.6% compared to the previous month.
344
As of March 2023, the price of Sodium Phosphates was $4,730 per ton (CIF, Turkey), experiencing a 40% increase compared to the previous month.
868
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...
1327
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...
275
The price of Dicalcium Phosphate in July 2023 was $639 per ton (FOB, Turkey), recording a decrease of -8.6% compared to the previous month.
344
As of March 2023, the price of Sodium Phosphates was $4,730 per ton (CIF, Turkey), experiencing a 40% increase compared to the previous month.
868
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...
1327
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...
