Phosphorus Price in Hong Kong SAR - 2022
Contents:
- Phosphorus Price in Hong Kong SAR (FOB) - 2022
- Phosphorus Price in Hong Kong SAR (CIF) - 2022
- Phosphorus Exports in Hong Kong SAR
- Phosphorus Imports in Hong Kong SAR
Phosphorus Price in Hong Kong SAR (FOB) - 2022
In 2022, the average phosphorus export price amounted to $29,620 per ton, surging by 7.8% against the previous year. Overall, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2013 an increase of 298%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($32,636 per ton), while the average price for exports to the Netherlands ($1,256 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 Malaysia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphorus Price in Hong Kong SAR (CIF) - 2022
The average phosphorus import price stood at $130,488 per ton in 2022, picking up by 1,251% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. Over the period under review, average import prices attained the peak figure at $662,540 per ton in 2012; however, from 2013 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 Japan ($1,312,465 per ton), while the price for Taiwan (Chinese) ($12,683 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.2%), while the prices for the other major suppliers experienced a decline.
Phosphorus Exports in Hong Kong SAR
In 2022, the amount of phosphori exported from Hong Kong SAR reduced sharply to 4.9 tons, waning by -24.2% on the previous year's figure. Over the period under review, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. As a result, the exports attained the peak of 6.5 tons, and then contracted significantly in the following year.
In value terms, phosphorus exports declined dramatically to $146K in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports reached the peak of $179K, and then shrank dramatically in the following year.
| Export of Phosphorus in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 68.1 | 46.0 | 99.8 | 79.8 | 5.4% |
| China | 5.6 | 43.3 | 56.8 | 45.4 | 100.9% |
| Taiwan (Chinese) | 7.1 | 21.8 | 20.4 | 19.5 | 40.0% |
| Netherlands | 0.5 | 1.1 | 0.7 | 0.6 | 6.3% |
| Others | 0.5 | 1.3 | 1.0 | 0.7 | 11.9% |
| Total | 81.8 | 113 | 179 | 146 | 21.3% |
Top Export Markets for Phosphorus from Hong Kong SAR in 2022:
- Malaysia (2445.0 kg)
- China (1877.0 kg)
- Netherlands (515.0 kg)
- Taiwan (Chinese) (72.0 kg)
Phosphorus Imports in Hong Kong SAR
After three years of growth, purchases abroad of phosphori decreased by -93.3% to 4.1 tons in 2022. In general, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 2,586%. As a result, imports reached the peak of 61 tons, and then plummeted in the following year.
In value terms, phosphorus imports declined to $535K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +12.3% 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 +41.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
| Import of Phosphorus in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 267 | 357 | 413 | 419 | 16.2% |
| Vietnam | 55.7 | 63.0 | 56.3 | 62.6 | 4.0% |
| China | 53.3 | 60.3 | 59.1 | 50.8 | -1.6% |
| United States | 1.6 | 1.8 | 1.8 | 1.5 | -2.1% |
| Taiwan (Chinese) | 0.8 | 1.0 | 1.2 | 1.2 | 14.5% |
| Others | N/A | N/A | 56.3 | N/A | 0% |
| Total | 378 | 483 | 588 | 535 | 12.3% |
Top Suppliers of Phosphorus to Hong Kong SAR in 2022:
- Vietnam (2718.0 kg)
- China (889.0 kg)
- Japan (319.0 kg)
- Taiwan (Chinese) (96.0 kg)
- United States (75.0 kg)
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