Phosphates; of Potassium Price in Serbia - 2023
Contents:
- Phosphates; of Potassium Price in Serbia (CIF) - 2022
- Phosphates; of Potassium Price in Serbia (FOB) - 2022
- Phosphates; of Potassium Imports in Serbia
- Phosphates; of Potassium Exports in Serbia
Phosphates; of Potassium Price in Serbia (CIF) - 2022
The average phosphates; of potassium import price stood at $2,922 per ton in 2022, rising by 42% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 593% against the previous year. As a result, import price reached the peak level of $15,393 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($3,675 per ton), while the price for France ($2,378 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced a decline.
Phosphates; of Potassium Price in Serbia (FOB) - 2022
The average phosphates; of potassium export price stood at $23,445 per ton in 2022, waning by -37.5% against the previous year. Overall, the export price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 an increase of 84% against the previous year. Over the period under review, the average export prices hit record highs at $37,496 per ton in 2021, and then dropped dramatically in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Montenegro ($23,447 per ton), while the average price for exports to Bosnia and Herzegovina totaled $23,000 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Montenegro (+9.6%).
Phosphates; of Potassium Imports in Serbia
In 2022, overseas purchases of phosphates; of potassia decreased by -15.7% to 45 tons, falling for the second year in a row after two years of growth. Overall, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 239%. As a result, imports attained the peak of 71 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, phosphates; of potassium imports skyrocketed to $131K in 2022. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 146%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Phosphates; of Potassium in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.0 | 73.1 | 69.0 | 82.6 | 47.0% |
| France | 0.2 | 9.5 | 0.2 | 16.7 | 337.1% |
| Spain | 1.4 | 0.6 | 0.6 | 11.6 | 102.4% |
| Others | 21.3 | 37.0 | 39.5 | 20.4 | -1.4% |
| Total | 48.9 | 120 | 109 | 131 | 38.9% |
Top Suppliers of Phosphates; of Potassium to Serbia in 2022:
- China (34.0 tons)
- France (7.0 tons)
- Spain (3.1 tons)
Phosphates; of Potassium Exports in Serbia
For the fourth consecutive year, Serbia recorded growth in overseas shipments of phosphates; of potassia, which increased by 175% to 643 kg in 2022. Overall, 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, phosphates; of potassium exports surged to $15K in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; of Potassium in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Montenegro | 6.2 | 7.2 | 8.7 | 15.0 | 34.2% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 6.2 | 7.4 | 8.8 | 15.1 | 34.5% |
Top Export Markets for Phosphates; of Potassium from Serbia in 2022:
- Montenegro (638.0 kg)
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