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

Contents:

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

Price for Phosphates; N.E.S in Item No. 2835.2 in Turkey (CIF) - 2023

In November 2023, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $3,890 per ton, falling by -5.9% against the previous month. In general, import price indicated a measured increase from November 2022 to November 2023: its price increased at an average monthly rate of +3.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for phosphates; n.e.s in item no. 2835.2s increased by +33.7% against September 2023 indices. The pace of growth appeared the most rapid in July 2023 an increase of 101% against the previous month. Over the period under review, average import prices hit record highs at $5,259 per ton in February 2023; however, from March 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($11,875 per ton), while the price for South Korea ($3,700 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+26.9%), 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 Turkey (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $2,849 per ton in 2022, picking up by 59% against the previous year. In general, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates; n.e.s in item no. 2835.2s increased by +109.0% against 2020 indices. 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 Russia ($4,535 per ton), while the average price for exports to Turkmenistan ($1,374 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 Kenya (+64.6%), 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 Turkey

In 2022, approx. 1.2K tons of phosphates; n.e.s in item no. 2835.2s were imported into Turkey; growing by 19% on the previous year. The total import volume increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $4.2M in 2022. Over the period under review, imports posted a significant expansion. 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 Turkey in 2022:

1. France (442.6 tons)
2. Germany (286.6 tons)
3. China (211.2 tons)
4. Mexico (158.4 tons)
5. Thailand (46.0 tons)
6. India (35.2 tons)
7. Slovenia (22.0 tons)
8. United Kingdom (6.5 tons)

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

Exports of phosphates; n.e.s in item no. 2835.2s from Turkey surged to 753 tons in 2022, with an increase of 67% compared with 2021 figures. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $2.1M in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached 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 Turkey in 2022:

1. United Kingdom (314.9 tons)
2. Iran (171.0 tons)
3. Russia (71.6 tons)
4. Egypt (52.0 tons)
5. Azerbaijan (29.9 tons)
6. Uzbekistan (20.7 tons)
7. Nigeria (13.1 tons)
8. Thailand (11.4 tons)
9. Belgium (11.0 tons)
10. Iraq (7.7 tons)
11. Turkmenistan (6.8 tons)

Source: IndexBox Market Intelligence Platform