Phosphorus Price in Venezuela - 2022
Contents:
Phosphorus Price in Venezuela (CIF) - 2022
In 2022, the average phosphorus import price amounted to $1,301 per ton, dropping by -9% against the previous year. Over the period under review, the import price recorded a abrupt slump. The growth pace was the most rapid in 2016 when the average import price decreased by -6.9%. The import price peaked at $8,108 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($2,413 per ton), while the price for the United States ($739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-10.2%), while the prices for the other major suppliers experienced a decline.
Phosphorus Imports in Venezuela
In 2022, the amount of phosphori imported into Venezuela expanded remarkably to 24 tons, surging by 6.5% compared with 2021. The total import volume increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports dropped to $31K in 2022. Over the period under review, imports, however, continue to indicate a noticeable decline. The smallest decline of -3.1% was in 2021.
| Import of Phosphorus in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 24.4 | 21.6 | 23.8 | 23.6 | -1.1% |
| Italy | 7.9 | 9.0 | 6.5 | 5.0 | -14.1% |
| United States | 2.3 | 2.9 | 2.2 | 1.9 | -6.2% |
| India | N/A | N/A | N/A | 0.9 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 34.6 | 33.5 | 32.5 | 31.5 | -3.1% |
Top Suppliers of Phosphorus to Venezuela in 2022:
- Vietnam (18.8 tons)
- United States (2.6 tons)
- Italy (2.1 tons)
- India (0.8 tons)
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