Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ethiopia - 2022

Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ethiopia (CIF) - 2022

In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $2,090 per ton, growing by 58% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses increased by +88.2% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($3,509 per ton), while the price for China ($1,435 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ethiopia

In 2022, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Ethiopia stood at 684 tons, flattening at 2021 figures. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 124%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses skyrocketed to $1.4M in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Ethiopia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	114	109	355	505	64.2%
India	1.7	0.5	56.6	426	530.5%
China	278	140	257	282	0.5%
Vietnam	N/A	N/A	N/A	172	0%
Egypt	N/A	1.3	6.4	37.1	434.2%
Spain	62.2	65.2	74.5	N/A	9.4%
Netherlands	81.8	88.4	104	N/A	12.8%
Others	14.4	15.6	47.6	6.4	-23.7%
Total	552	420	901	1,430	37.3%