Phosphates; of Potassium Price in Vietnam - 2022
Contents:
- Phosphates; of Potassium Price in Vietnam (CIF) - 2022
- Phosphates; of Potassium Price in Vietnam (FOB) - 2022
- Phosphates; of Potassium Imports in Vietnam
- Phosphates; of Potassium Exports in Vietnam
Phosphates; of Potassium Price in Vietnam (CIF) - 2022
The average phosphates; of potassium import price stood at $1,393 per ton in 2022, falling by -14.6% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 19%. As a result, import price reached the peak level of $1,631 per ton, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($2,202 per ton), while the price for Malaysia ($878 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Price in Vietnam (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $1,638 per ton, stabilizing at the previous year. In general, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 79%. As a result, the export price attained the peak level of $7,234 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +1.8% per year.
Phosphates; of Potassium Imports in Vietnam
Phosphates; of potassium imports into Vietnam stood at 2.6K tons in 2022, growing by 6.6% on 2021 figures. The total import volume increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, phosphates; of potassium imports contracted to $3.6M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 29%.
| Import of Phosphates; of Potassium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 748 | 1,195 | 1,234 | 1,521 | 26.7% |
| Germany | 1,103 | 1,391 | 935 | 584 | -19.1% |
| China | 279 | 293 | 192 | 237 | -5.3% |
| Israel | 142 | 35.4 | 79.3 | 101 | -10.7% |
| Singapore | 81.9 | 77.6 | 46.2 | 60.8 | -9.5% |
| Belgium | N/A | N/A | N/A | 54.8 | 0% |
| Ireland | 51.9 | 58.9 | 35.2 | 43.0 | -6.1% |
| Others | 107 | 191 | 1,428 | 994 | 110.2% |
| Total | 2,512 | 3,242 | 3,951 | 3,596 | 12.7% |
Top Suppliers of Phosphates; of Potassium to Vietnam in 2022:
- Thailand (1281.1 tons)
- Germany (366.2 tons)
- China (221.1 tons)
- Singapore (59.3 tons)
- Belgium (53.2 tons)
- Ireland (47.7 tons)
- Israel (46.0 tons)
Phosphates; of Potassium Exports in Vietnam
In 2022, shipments abroad of phosphates; of potassia decreased by -24.9% to 14 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,898%.
In value terms, phosphates; of potassium exports reduced dramatically to $22K in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,228%.
| Export of Phosphates; of Potassium in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.0 | 15.2 | 29.3 | 22.2 | 181.1% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 1.1 | 15.2 | 29.3 | 22.2 | 172.3% |
Top Export Markets for Phosphates; of Potassium from Vietnam in 2022:
- Thailand (13.6 tons)
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