Phosphorus Price in Chile - 2023
Contents:
Phosphorus Price in Chile (CIF) - 2023
The average phosphorus import price stood at $4,404 per ton in September 2023, which is down by -2.7% against the previous month. Over the period under review, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 38% against the previous month. Over the period under review, average import prices attained the peak figure at $8,520 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -2.1% per month.
Phosphorus Imports in Chile
In 2022, supplies from abroad of phosphori increased by 56% to 1.8K tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports soared to $16M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2.6 | 1.6 | 1.7 | 14.9 | 79.0% |
| India | 0.1 | N/A | 0.3 | 0.4 | 58.7% |
| China | 0.2 | 0.3 | 0.3 | 0.3 | 14.5% |
| Netherlands | 2.1 | 2.0 | 2.4 | N/A | 6.9% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.1 | 3.9 | 4.7 | 15.7 | 45.5% |
Top Suppliers of Phosphorus to Chile in 2022:
- Vietnam (1747.2 tons)
- India (40.0 tons)
- China (36.0 tons)
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