Phosphates; of Potassium Price in Venezuela - 2022

Contents:

  1. Phosphates; of Potassium Price in Venezuela (CIF) - 2022
  2. Phosphates; of Potassium Imports in Venezuela

Phosphates; of Potassium Price in Venezuela (CIF) - 2022

In 2022, the average phosphates; of potassium import price amounted to $18,810 per ton, picking up by 41% against the previous year. In general, the import price saw a significant expansion. The growth pace was the most rapid in 2015 when the average import price increased by 158%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($73,100 per ton), while the price for the United States ($3,191 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Imports in Venezuela

After two years of decline, supplies from abroad of phosphates; of potassia increased by 133% to 1.4 tons in 2022. In general, imports, however, faced a deep contraction.

In value terms, phosphates; of potassium imports soared to $28K in 2022. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phosphates; of Potassium in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico12.74.46.719.916.1%
Germany0.20.10.22.4128.9%
Spain0.80.30.51.626.0%
United States0.90.30.41.16.9%
Others2.90.91.13.56.5%
Total17.66.08.828.517.4%

Top Suppliers of Phosphates; of Potassium to Venezuela in 2022:

  1. Mexico (830.0 kg)
  2. United States (350.0 kg)
  3. Germany (130.0 kg)
  4. Spain (38.0 kg)

Source: IndexBox Market Intelligence Platform

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