Price for Phosphates; N.E.S in Item No. 2835.2 in Denmark - 2023

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in Denmark (CIF) - 2022
2. Price for Phosphates; N.E.S in Item No. 2835.2 in Denmark (FOB) - 2022
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in Denmark
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in Denmark

Price for Phosphates; N.E.S in Item No. 2835.2 in Denmark (CIF) - 2022

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $1,540 per ton, rising by 51% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.6% 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 phosphates; n.e.s in item no. 2835.2s increased by +69.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 the UK ($4,563 per ton), while the price for Faroe Islands ($15 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphates; N.E.S in Item No. 2835.2 in Denmark (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $6,288 per ton, dropping by -3.9% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 84% against the previous year. As a result, the export price reached the peak level of $6,542 per ton, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($8,775 per ton), while the average price for exports to Norway ($2,409 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 Switzerland (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Phosphates; N.E.S in Item No. 2835.2 in Denmark

Imports of phosphates; n.e.s in item no. 2835.2s into Denmark plummeted to 2.2K tons in 2022, dropping by -23.3% against the previous year's figure. Overall, imports faced a deep slump. The smallest decline of -7% was in 2021.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s surged to $3.4M in 2022. Over the period under review, imports showed a pronounced curtailment.

Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Denmark in 2022:

1. Sweden (1443.7 tons)
2. Germany (295.3 tons)
3. France (155.9 tons)
4. Faroe Islands (142.0 tons)
5. Poland (48.0 tons)
6. Netherlands (42.5 tons)
7. United Kingdom (35.2 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in Denmark

In 2022, overseas shipments of phosphates; n.e.s in item no. 2835.2s increased by 2,016% to 98 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a dramatic curtailment.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $614K in 2022. In general, exports, however, showed a sharp curtailment.

Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Denmark in 2022:

1. United Kingdom (33.8 tons)
2. Norway (27.7 tons)
3. Switzerland (16.3 tons)
4. New Zealand (11.0 tons)
5. Germany (6.4 tons)
6. Poland (0.8 tons)
7. Portugal (0.2 tons)

Source: IndexBox Market Intelligence Platform