Phosphates; of Potassium Price in India - 2023
Contents:
- Phosphates; of Potassium Price in India (CIF) - 2022
- Phosphates; of Potassium Price in India (FOB) - 2022
- Phosphates; of Potassium Imports in India
- Phosphates; of Potassium Exports in India
Phosphates; of Potassium Price in India (CIF) - 2022
The average phosphates; of potassium import price stood at $2,729 per ton in 2022, surging by 40% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price increased by +91.3% against 2016 indices. As a result, import price attained 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 France ($4,581 per ton), while the price for the United Arab Emirates ($1,947 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Price in India (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $4,987 per ton, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2021 when the average export price increased by 31%. Over the period under review, the average export prices reached the maximum at $5,298 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($11,767 per ton), while the average price for exports to Iran ($1,067 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 the United States (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphates; of Potassium Imports in India
Phosphates; of potassium imports into India soared to 2.6K tons in 2022, increasing by 31% on the previous year. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 46%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, phosphates; of potassium imports soared to $7M in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,355 | 1,166 | 1,878 | 2,952 | 29.6% |
| Israel | 377 | 464 | 548 | 1,515 | 59.0% |
| United Arab Emirates | 22.1 | 48.4 | 101 | 885 | 242.1% |
| France | 319 | 398 | 282 | 468 | 13.6% |
| United States | 227 | 356 | 88.2 | 263 | 5.0% |
| Others | 544 | 396 | 899 | 880 | 17.4% |
| Total | 2,843 | 2,829 | 3,796 | 6,963 | 34.8% |
Top Suppliers of Phosphates; of Potassium to India in 2022:
- China (1171.7 tons)
- Israel (579.7 tons)
- United Arab Emirates (454.8 tons)
- United States (107.9 tons)
- France (102.1 tons)
Phosphates; of Potassium Exports in India
For the fourth year in a row, India recorded growth in overseas shipments of phosphates; of potassia, which increased by 164% to 603 tons in 2022. In general, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphates; of potassium exports soared to $3M in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 270 | 378 | 409 | 1,722 | 85.4% |
| Japan | 48.2 | 41.1 | 32.3 | 129 | 38.8% |
| United Kingdom | 9.4 | 4.4 | 1.2 | 116 | 131.1% |
| Iran | 25.7 | 38.3 | 26.5 | 93.6 | 53.9% |
| Bangladesh | 31.6 | 2.4 | 21.4 | 75.6 | 33.7% |
| Brazil | 12.2 | 7.6 | 11.1 | 70.8 | 79.7% |
| Nepal | 16.5 | 7.2 | 12.5 | 44.2 | 38.9% |
| Israel | 0.1 | 3.7 | 0.2 | 24.0 | 521.4% |
| Others | 138 | 184 | 478 | 735 | 74.6% |
| Total | 551 | 667 | 993 | 3,009 | 76.1% |
Top Export Markets for Phosphates; of Potassium from India in 2022:
- United States (349.6 tons)
- Iran (87.8 tons)
- Bangladesh (31.9 tons)
- Nepal (19.4 tons)
- Japan (19.4 tons)
- Brazil (14.2 tons)
- United Kingdom (9.8 tons)
- Israel (9.1 tons)
108
This report provides an in-depth analysis of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in India.
437
This report provides an in-depth analysis of the dicalcium phosphate market in India.
345
This report provides an in-depth analysis of the sodium phosphates market in India.
395
This report provides an in-depth analysis of the phosphinates and phosphonates market in India.
331
This report provides an in-depth analysis of the sodium triphosphate market in India.
116
This report provides an in-depth analysis of the global market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate).
1300
This report provides an in-depth analysis of the global dicalcium phosphate market.
591
This report provides an in-depth analysis of the global sodium phosphates market.
568
This report provides an in-depth analysis of the global phosphinates and phosphonates market.
552
This report provides an in-depth analysis of the global sodium triphosphate market.
162
Sodium Triphosphate experienced a rapid growth rate in February 2023, increasing by 159% month-over-month. By October 2023, imports of Sodium Triphosphate reached $5M in value.
310
In February 2023, the sodium triphosphate price stood at $1,328 per ton (CIF, India), stabilizing at the previous month.
838
In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
1270
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
162
Sodium Triphosphate experienced a rapid growth rate in February 2023, increasing by 159% month-over-month. By October 2023, imports of Sodium Triphosphate reached $5M in value.
310
In February 2023, the sodium triphosphate price stood at $1,328 per ton (CIF, India), stabilizing at the previous month.
838
In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
1270
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
