Price for Phosphates; N.E.S in Item No. 2835.2 in Venezuela - 2022
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Venezuela (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in Venezuela (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Venezuela
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Venezuela
Price for Phosphates; N.E.S in Item No. 2835.2 in Venezuela (CIF) - 2022
The average import price for phosphates; n.e.s in item no. 2835.2s stood at $1,178 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 49% against the previous year. The import price peaked at $2,424 per ton in 2012; however, from 2013 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 Colombia ($4,945 per ton), while the price for the Dominican Republic ($555 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Costa Rica (+35.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Phosphates; N.E.S in Item No. 2835.2 in Venezuela (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $2,445 per ton in 2022, jumping by 23% against the previous year. In general, the export price, however, saw a noticeable reduction. Over the period under review, the average export prices hit record highs at $3,475 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Colombia.
From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to -3.5% per year.
Imports of Phosphates; N.E.S in Item No. 2835.2 in Venezuela
In 2022, supplies from abroad of phosphates; n.e.s in item no. 2835.2s was finally on the rise to reach 66 tons after two years of decline. Overall, imports, however, recorded a slight curtailment.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $80K in 2022. In general, imports recorded a pronounced increase. The pace of growth appeared the most rapid in 2021 when imports increased by 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 6.6 | 6.5 | 12.1 | 15.5 | 32.9% |
| China | 25.5 | 8.5 | 7.3 | 12.7 | -20.7% |
| Netherlands | 4.8 | 2.9 | 5.8 | 10.1 | 28.1% |
| United States | 10.2 | 5.2 | 9.1 | 9.8 | -1.3% |
| Colombia | 3.6 | 0.5 | 4.8 | 6.4 | 21.1% |
| Panama | 3.3 | 1.9 | 3.7 | 5.0 | 14.9% |
| Lebanon | N/A | N/A | N/A | 4.4 | 0% |
| Others | 20.4 | 9.1 | 15.4 | 16.3 | -7.2% |
| Total | 74.5 | 34.6 | 58.2 | 80.2 | 2.5% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Venezuela in 2022:
- Dominican Republic (27.9 tons)
- China (21.6 tons)
- United States (5.0 tons)
- Netherlands (4.7 tons)
- Panama (2.6 tons)
- Colombia (1.3 tons)
- Lebanon (1.1 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Venezuela
For the fourth consecutive year, Venezuela recorded growth in overseas shipments of phosphates; n.e.s in item no. 2835.2s, which increased by 119% to 16 tons in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained 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 skyrocketed to $39K in 2022. In general, 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 Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 5.4 | 8.8 | 14.5 | 39.1 | 93.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.4 | 8.8 | 14.5 | 39.1 | 93.5% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Venezuela in 2022:
- Colombia (16.0 tons)
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