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

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in Thailand (CIF) - 2022
2. Price for Phosphates; N.E.S in Item No. 2835.2 in Thailand (FOB) - 2023
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in Thailand
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in Thailand

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,019 per ton, rising by 33% against the previous year. Overall, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $2,117 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,505 per ton), while the price for China ($1,316 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+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 Thailand (FOB) - 2023

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $2,341 per ton in November 2023, shrinking by -20.8% against the previous month. Over the period under review, the export price recorded a perceptible contraction. The growth pace was the most rapid in October 2023 an increase of 37% against the previous month. Over the period under review, the average export prices hit record highs at $3,307 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Vietnam ($4,479 per ton), while the average price for exports to Lao People's Democratic Republic ($203 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+1.2%), while the prices for the other major destinations experienced a decline.

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

For the fourth year in a row, Thailand recorded growth in purchases abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 2.6% to 2.9K tons in 2022. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 59%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $5.8M in 2022. Overall, imports showed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. China (2387.3 tons)
2. Germany (115.3 tons)
3. Japan (71.0 tons)
4. United Kingdom (66.0 tons)
5. United States (60.9 tons)
6. Israel (45.0 tons)
7. France (43.5 tons)
8. Taiwan (Chinese) (19.2 tons)

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

Exports of phosphates; n.e.s in item no. 2835.2s from Thailand soared to 1.7K tons in 2022, jumping by 25% on the previous year's figure. In general, exports, however, saw a abrupt setback.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $3.5M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +78.2% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Lao People's Democratic Republic (545.4 tons)
2. Vietnam (268.2 tons)
3. Indonesia (222.0 tons)
4. Spain (182.0 tons)
5. India (141.0 tons)
6. United States (105.0 tons)
7. Egypt (60.0 tons)
8. Philippines (20.3 tons)
9. Malaysia (3.0 tons)

Source: IndexBox Market Intelligence Platform