Phosphates; of Potassium Price in Israel - 2023
Contents:
- Phosphates; of Potassium Price in Israel (FOB) - 2022
- Phosphates; of Potassium Price in Israel (CIF) - 2022
- Phosphates; of Potassium Exports in Israel
- Phosphates; of Potassium Imports in Israel
Phosphates; of Potassium Price in Israel (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $3,038 per ton, growing by 53% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 65% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Mexico ($3,038 per ton) and Poland ($3,038 per ton), while the average price for exports to Italy ($3,038 per ton) and Canada ($3,038 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphates; of Potassium Price in Israel (CIF) - 2022
The average phosphates; of potassium import price stood at $2,708 per ton in 2022, surging by 68% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +111.0% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($2,708 per ton) and Belgium ($2,708 per ton), while the price for China ($2,708 per ton) and France ($2,708 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphates; of Potassium Exports in Israel
In 2022, approx. 29K tons of phosphates; of potassia were exported from Israel; shrinking by -15.5% on 2021. Overall, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 12%. As a result, the exports reached the peak of 35K tons, and then fell rapidly in the following year.
In value terms, phosphates; of potassium exports skyrocketed to $89M in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +21.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.4% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.9 | 21.4 | 24.4 | 23.3 | 33.0% |
| Spain | 9.5 | 8.2 | 6.2 | 7.2 | -8.8% |
| Italy | 3.0 | 3.6 | 5.8 | 7.0 | 32.6% |
| Poland | 2.6 | 2.6 | 2.8 | 6.3 | 34.3% |
| Mexico | 3.3 | 4.3 | 3.4 | 5.6 | 19.3% |
| Belgium | 1.4 | 2.8 | 2.7 | 5.3 | 55.9% |
| Netherlands | 2.6 | 2.3 | 2.3 | 4.2 | 17.3% |
| Turkey | 4.1 | 3.7 | 3.6 | 3.9 | -1.7% |
| Lithuania | 0.2 | 0.2 | 0.6 | 3.2 | 152.0% |
| Brazil | 1.1 | 0.8 | 1.6 | 2.6 | 33.2% |
| Georgia | 0.3 | 0.8 | 0.4 | 2.4 | 100.0% |
| Canada | 0.8 | 1.2 | 1.3 | 1.6 | 26.0% |
| India | N/A | N/A | N/A | 1.4 | 0% |
| Others | 10.6 | 8.9 | 13.5 | 14.9 | 12.0% |
| Total | 49.5 | 60.9 | 68.6 | 88.8 | 21.5% |
Top Export Markets for Phosphates; of Potassium from Israel in 2022:
- United States (7.7K tons)
- Spain (2.4K tons)
- Italy (2.3K tons)
- Poland (2.1K tons)
- Mexico (1.8K tons)
- Belgium (1.7K tons)
- Netherlands (1.4K tons)
- Turkey (1.3K tons)
- Lithuania (1.0K tons)
- Brazil (0.9K tons)
- Georgia (0.8K tons)
- Canada (0.5K tons)
- India (0.4K tons)
Phosphates; of Potassium Imports in Israel
In 2022, imports of phosphates; of potassia into Israel declined notably to 546 tons, falling by -59.2% on the previous year. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 224%. As a result, imports attained the peak of 1.3K tons, and then fell remarkably in the following year.
In value terms, phosphates; of potassium imports reduced dramatically to $1.5M in 2022. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 282% against the previous year. As a result, imports reached the peak of $2.2M, and then shrank notably in the following year.
| Import of Phosphates; of Potassium in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 329 | 181 | 1,960 | 1,159 | 52.2% |
| United States | 49.0 | 55.0 | 74.0 | 111 | 31.3% |
| Germany | 125 | 76.0 | 60.0 | 72.0 | -16.8% |
| France | N/A | 1.0 | 15.0 | 60.0 | 674.6% |
| Belgium | 3.0 | 41.0 | 29.0 | 40.0 | 137.1% |
| Russia | 62.0 | N/A | N/A | N/A | 0% |
| Switzerland | 119 | 178 | N/A | N/A | 49.6% |
| Others | 12.0 | 33.0 | 23.0 | 37.0 | 45.5% |
| Total | 699 | 565 | 2,161 | 1,479 | 28.4% |
Top Suppliers of Phosphates; of Potassium to Israel in 2022:
- China (427.9 tons)
- United States (41.0 tons)
- Germany (26.6 tons)
- France (22.2 tons)
- Belgium (14.8 tons)
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