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

Contents:

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

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

The average import price for phosphates; n.e.s in item no. 2835.2s stood at $2,340 per ton in 2022, surging by 33% against the previous year. Over the period under review, import price indicated resilient growth 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 +96.5% against 2016 indices. As a result, import price reached 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 Germany ($5,236 per ton), while the price for Hong Kong SAR ($1,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+28.3%), 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 Portugal (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $5,090 per ton in 2022, rising by 72% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 102% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($12,568 per ton), while the average price for exports to Ghana ($3,179 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 Hungary (+18.8%), 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 Portugal

After three years of growth, supplies from abroad of phosphates; n.e.s in item no. 2835.2s decreased by -13.9% to 733 tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, imports attained the peak of 851 tons, and then dropped in the following year.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s reached $1.7M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

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

1. Spain (406.5 tons)
2. France (143.2 tons)
3. Netherlands (69.3 tons)
4. Denmark (50.1 tons)
5. China (20.0 tons)
6. Hong Kong SAR (19.6 tons)
7. Belgium (14.1 tons)
8. Germany (9.3 tons)

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

In 2022, shipments abroad of phosphates; n.e.s in item no. 2835.2s decreased by -42.2% to 19 tons, falling for the second consecutive year after two years of growth. Overall, exports saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 76%. As a result, the exports reached the peak of 38 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s fell slightly to $99K in 2022. The total export value increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $100K, leveling off in the following year.

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

1. Spain (8.8 tons)
2. Angola (4.6 tons)
3. Cabo Verde (2.5 tons)
4. Ghana (1.8 tons)
5. Hungary (1.0 tons)
6. France (0.7 tons)
7. Sao Tome and Principe (0.1 tons)

Source: IndexBox Market Intelligence Platform