Price for Phosphates; N.E.S in Item No. 2835.2 in the United States - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in the United States (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in the United States (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in the United States
- Exports of Phosphates; N.E.S in Item No. 2835.2 in the United States
Price for Phosphates; N.E.S in Item No. 2835.2 in the United States (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,399 per ton, with an increase of 13% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices hit record highs at $2,538 per ton in 2016; however, from 2017 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 India ($4,137 per ton), while the price for China ($1,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.0%), 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 the United States (FOB) - 2022
In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $3,838 per ton, jumping by 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($12,045 per ton), while the average price for exports to Brazil ($999 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 South Korea (+10.3%), 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 the United States
Imports of phosphates; n.e.s in item no. 2835.2s into the United States rose modestly to 8.4K tons in 2022, with an increase of 3.9% on 2021 figures. Over the period under review, imports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.6% against the previous year.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $20M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Phosphates; N.E.S in Item No. 2835.2 in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.6 | 6.0 | 6.1 | 5.6 | -5.3% |
| India | 1.7 | 1.1 | 2.2 | 3.6 | 28.4% |
| China | 5.8 | 2.9 | 2.7 | 3.4 | -16.3% |
| France | 2.3 | 1.7 | 2.0 | 2.4 | 1.4% |
| Belgium | N/A | N/A | 0.9 | 1.4 | 55.6% |
| Canada | 0.3 | 0.3 | 1.7 | 1.1 | 54.2% |
| Thailand | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| Others | 1.2 | 1.2 | 1.5 | 2.0 | 18.6% |
| Total | 18.1 | 13.4 | 17.3 | 20.2 | 3.7% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to the United States in 2022:
- China (3.4K tons)
- Germany (1.4K tons)
- Canada (1.1K tons)
- India (0.9K tons)
- France (0.6K tons)
- Belgium (0.3K tons)
- Thailand (0.2K tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in the United States
In 2022, exports of phosphates; n.e.s in item no. 2835.2s from the United States fell to 5.2K tons, waning by -6% on the previous year. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of 5.6K tons, and then reduced in the following year.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $20M in 2022. The total export value increased at an average annual rate of +10.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 2,137 | 2,466 | 2,653 | 4,473 | 27.9% |
| Canada | 4,139 | 3,681 | 3,851 | 4,041 | -0.8% |
| South Korea | 214 | 500 | 1,036 | 1,473 | 90.2% |
| Netherlands | 57.6 | 453 | 550 | 1,210 | 175.9% |
| China | 554 | 437 | 727 | 739 | 10.1% |
| Colombia | 416 | 292 | 214 | 665 | 16.9% |
| Costa Rica | 37.5 | 156 | 271 | 649 | 158.7% |
| Germany | 598 | 241 | 725 | 575 | -1.3% |
| Indonesia | 30.0 | 111 | 199 | 457 | 147.9% |
| India | 635 | 792 | 668 | 428 | -12.3% |
| Turkey | 52.5 | 157 | 223 | 312 | 81.1% |
| Chile | 27.3 | 13.8 | 197 | 263 | 112.8% |
| Brazil | 143 | 78.1 | 150 | 117 | -6.5% |
| Others | 5,767 | 4,369 | 4,995 | 4,713 | -6.5% |
| Total | 14,808 | 13,748 | 16,460 | 20,116 | 10.8% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from the United States in 2022:
- Canada (1256.6 tons)
- Mexico (963.0 tons)
- Indonesia (250.8 tons)
- Turkey (230.9 tons)
- India (224.2 tons)
- Germany (205.9 tons)
- Chile (190.5 tons)
- China (179.3 tons)
- Colombia (174.9 tons)
- Netherlands (158.7 tons)
- Costa Rica (146.0 tons)
- South Korea (122.3 tons)
- Brazil (117.5 tons)
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