Price for Phosphates; N.E.S in Item No. 2835.2 in South Korea - 2022
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in South Korea (FOB) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in South Korea (CIF) - 2022
- Exports of Phosphates; N.E.S in Item No. 2835.2 in South Korea
- Imports of Phosphates; N.E.S in Item No. 2835.2 in South Korea
Price for Phosphates; N.E.S in Item No. 2835.2 in South Korea (FOB) - 2022
In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $5,358 per ton, with an increase of 56% against the previous year. In general, the export price enjoyed prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($5,765 per ton), while the average price for exports to Vietnam ($809 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 Singapore (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Phosphates; N.E.S in Item No. 2835.2 in South Korea (CIF) - 2022
The average import price for phosphates; n.e.s in item no. 2835.2s stood at $6,092 per ton in 2022, with an increase of 45% against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +7.0% 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 +74.8% against 2019 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 Japan ($29,783 per ton), while the price for Argentina ($1,089 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Phosphates; N.E.S in Item No. 2835.2 in South Korea
In 2022, the amount of phosphates; n.e.s in item no. 2835.2s exported from South Korea soared to 5.4K tons, picking up by 480% compared with the previous year's figure. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s surged to $29M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; N.E.S in Item No. 2835.2 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 0.8 | 2.2 | 27.5 | 239.9% |
| Japan | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Vietnam | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 0.5 | 0.3 | 0.5 | 0.8 | 17.0% |
| Total | 1.9 | 1.7 | 3.2 | 28.8 | 147.5% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from South Korea in 2022:
- China (4.8K tons)
- Japan (0.2K tons)
- Vietnam (0.2K tons)
Imports of Phosphates; N.E.S in Item No. 2835.2 in South Korea
In 2022, the amount of phosphates; n.e.s in item no. 2835.2s imported into South Korea declined to 1.7K tons, waning by -10% on the year before. Overall, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $10M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +60.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; N.E.S in Item No. 2835.2 in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.0 | 1.3 | 1.9 | 3.2 | 47.4% |
| China | 2.8 | 0.8 | 1.6 | 3.0 | 2.3% |
| United States | 0.9 | 0.5 | 0.9 | 1.5 | 18.6% |
| France | 2.1 | 2.4 | 1.6 | 1.1 | -19.4% |
| Germany | 0.5 | 0.6 | 1.2 | 0.9 | 21.6% |
| Romania | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Thailand | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Argentina | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Total | 7.6 | 6.3 | 7.8 | 10.1 | 9.9% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to South Korea in 2022:
- China (733.0 tons)
- France (424.8 tons)
- Germany (175.9 tons)
- Japan (107.4 tons)
- United States (99.7 tons)
- Argentina (45.4 tons)
- Romania (27.0 tons)
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