Phosphorus Price in the Philippines - 2023
Contents:
Phosphorus Price in the Philippines (CIF) - 2022
The average phosphorus import price stood at $11,415 per ton in 2022, with an increase of 45% against the previous year. In general, the import price showed prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,321 per ton), while the price for India totaled $11,254 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%).
Phosphorus Imports in the Philippines
In 2022, the amount of phosphori imported into the Philippines fell dramatically to 9.3 tons, with a decrease of -75.7% on 2021. Overall, imports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 119%. As a result, imports reached the peak of 38 tons, and then fell notably in the following year.
In value terms, phosphorus imports reduced remarkably to $106K in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 168%. As a result, imports reached the peak of $299K, and then shrank notably in the following year.
| Import of Phosphorus in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 104 | 42.5 | 144 | 67.5 | -13.4% |
| China | 80.4 | 67.8 | 153 | 36.2 | -23.4% |
| Others | 0.5 | 1.2 | 1.9 | 2.0 | 58.7% |
| Total | 185 | 111 | 299 | 106 | -16.9% |
Top Suppliers of Phosphorus to the Philippines in 2022:
- India (6.0 tons)
- China (3.2 tons)
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