Phosphorus Price in India - 2023
Contents:
- Phosphorus Price in India (CIF) - 2023
- Phosphorus Price in India (FOB) - 2023
- Phosphorus Imports in India
- Phosphorus Exports in India
Phosphorus Price in India (CIF) - 2023
In September 2023, the average phosphorus import price amounted to $3,981 per ton, remaining stable against the previous month. In general, the import price showed a slight reduction. The growth pace was the most rapid in October 2022 an increase of 11% against the previous month. As a result, import price attained the peak level of $5,469 per ton. From November 2022 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($4,150 per ton), while the price for Vietnam stood at $3,912 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Latvia (+0.7%), while the prices for the other major suppliers experienced a decline.
Phosphorus Price in India (FOB) - 2023
The average phosphorus export price stood at $8,414 per ton in September 2023, approximately reflecting the previous month. In general, the export price showed a slight reduction. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 3.6% month-to-month. As a result, the export price reached the peak level of $10,609 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Argentina ($10,510 per ton), while the average price for exports to Guatemala ($6,612 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphorus Imports in India
In 2022, the amount of phosphori imported into India skyrocketed to 89K tons, increasing by 78% against the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports soared to $338M in 2022. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Phosphorus in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 57.5 | 70.7 | 136 | 273 | 68.1% |
Russia | 43.2 | 21.4 | 24.0 | 58.5 | 10.6% |
Kazakhstan | 4.4 | 3.3 | 1.7 | 6.2 | 12.1% |
Others | 0.4 | N/A | 0.1 | 0.3 | -9.1% |
Total | 106 | 95.4 | 161 | 338 | 47.2% |
Top Suppliers of Phosphorus to India in 2022:
- Vietnam (68.1K tons)
- Russia (18.3K tons)
- Kazakhstan (2.0K tons)
Phosphorus Exports in India
In 2022, the amount of phosphori exported from India dropped to 595 tons, shrinking by -12% against the previous year. Over the period under review, exports recorded a mild decline. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of 677 tons, and then reduced in the following year.
In value terms, phosphorus exports surged to $6.8M in 2022. Overall, exports, however, enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Phosphorus in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 666 | 777 | 906 | 1,624 | 34.6% |
Chile | 105 | 114 | 670 | 1,202 | 125.4% |
Brazil | 263 | 380 | 402 | 720 | 39.9% |
Argentina | 33.0 | 36.2 | 272 | 488 | 145.5% |
Mexico | 43.2 | 44.6 | 263 | 472 | 121.9% |
Indonesia | 185 | 131 | 229 | 411 | 30.5% |
Israel | 6.7 | 176 | 171 | 307 | 257.8% |
Philippines | 105 | 66.4 | 141 | 254 | 34.2% |
Egypt | 122 | 212 | 81.5 | 240 | 25.3% |
Peru | 30.6 | 76.6 | 121 | 216 | 91.8% |
Canada | 163 | 84.6 | 89.2 | 197 | 6.5% |
Ukraine | 93.1 | 67.7 | 94.4 | 169 | 22.0% |
United Arab Emirates | 85.9 | 125 | 6.6 | 125 | 13.3% |
Others | 1,452 | 740 | 1,069 | 376 | -36.3% |
Total | 3,354 | 3,030 | 4,516 | 6,802 | 26.6% |
Top Export Markets for Phosphorus from India in 2022:
- United States (166.3 tons)
- Chile (92.7 tons)
- Brazil (61.8 tons)
- Indonesia (33.2 tons)
- Israel (32.1 tons)
- Argentina (29.2 tons)
- Mexico (25.8 tons)
- Egypt (25.6 tons)
- Peru (22.9 tons)
- Canada (21.1 tons)
- Philippines (20.6 tons)
- Ukraine (17.2 tons)
- United Arab Emirates (14.9 tons)
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