Phosphates; of Potassium Price in the Philippines - 2023
Contents:
- Phosphates; of Potassium Price in the Philippines (CIF) - 2023
- Phosphates; of Potassium Price in the Philippines (FOB) - 2022
- Phosphates; of Potassium Imports in the Philippines
- Phosphates; of Potassium Exports in the Philippines
Phosphates; of Potassium Price in the Philippines (CIF) - 2023
In July 2023, the average phosphates; of potassium import price amounted to $2,688 per ton, growing by 2% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in December 2022 when the average import price increased by 13% m-o-m. The import price peaked at $3,235 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($2,724 per ton), while the price for China stood at $2,654 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (-0.1%).
Phosphates; of Potassium Price in the Philippines (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $14,675 per ton, dropping by -11.7% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 175% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,618 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +349.8% per year.
Phosphates; of Potassium Imports in the Philippines
Phosphates; of potassium imports into the Philippines shrank modestly to 1.3K tons in 2022, declining by -2.2% on 2021 figures. Overall, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 18%.
In value terms, phosphates; of potassium imports surged to $3.5M in 2022. In general, imports, however, enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 1.1 | 1.1 | 2.1 | -1.5% |
| Thailand | 0.2 | 0.5 | 1.0 | 1.3 | 86.6% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 2.5 | 1.8 | 2.2 | 3.5 | 11.9% |
Top Suppliers of Phosphates; of Potassium to the Philippines in 2022:
- China (746.3 tons)
- Thailand (519.1 tons)
Phosphates; of Potassium Exports in the Philippines
In 2022, after two years of decline, there was significant growth in overseas shipments of phosphates; of potassia, when their volume increased by 12% to 560 kg. Overall, exports, however, saw a significant decline.
In value terms, phosphates; of potassium exports contracted modestly to $8.2K in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 1.4% against the previous year. As a result, the exports reached the peak of $8.3K, leveling off in the following year.
| Export of Phosphates; of Potassium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 7.5 | 8.2 | 8.3 | 8.2 | 3.0% |
| Canada | 0.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 8.0 | 8.2 | 8.3 | 8.2 | 0.8% |
Top Export Markets for Phosphates; of Potassium from the Philippines in 2022:
- Singapore (560.0 kg)
117
This report provides an in-depth analysis of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in the Philippines.
419
This report provides an in-depth analysis of the dicalcium phosphate market in the Philippines.
379
This report provides an in-depth analysis of the sodium phosphates market in the Philippines.
383
This report provides an in-depth analysis of the phosphinates and phosphonates market in the Philippines.
409
This report provides an in-depth analysis of the sodium triphosphate market in the Philippines.
117
This report provides an in-depth analysis of the global market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate).
1317
This report provides an in-depth analysis of the global dicalcium phosphate market.
596
This report provides an in-depth analysis of the global sodium phosphates market.
571
This report provides an in-depth analysis of the global phosphinates and phosphonates market.
553
This report provides an in-depth analysis of the global sodium triphosphate market.
839
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...
1274
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...
839
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...
1274
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...
