Phosphates; of Potassium Price in the United Arab Emirates - 2021

Contents:

1. Phosphates; of Potassium Price in the United Arab Emirates (CIF) - 2022
2. Phosphates; of Potassium Price in the United Arab Emirates (FOB) - 2022
3. Phosphates; of Potassium Imports in the United Arab Emirates
4. Phosphates; of Potassium Exports in the United Arab Emirates

Phosphates; of Potassium Price in the United Arab Emirates (CIF) - 2022

In 2021, the average phosphates; of potassium import price amounted to $1,410 per ton, picking up by 42% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average import price increased by 67%. As a result, import price reached the peak level of $1,635 per ton. From 2017 to 2021, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.8% per year.

Phosphates; of Potassium Price in the United Arab Emirates (FOB) - 2022

In 2021, the average phosphates; of potassium export price amounted to $1,705 per ton, picking up by 60% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($4,083 per ton), while the average price for exports to Guinea ($1,452 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (-1.8%), while the prices for the other major destinations experienced a decline.

Phosphates; of Potassium Imports in the United Arab Emirates

In 2022, phosphates; of potassium imports into the United Arab Emirates soared to 3.8K tons, rising by 68% on 2021. Overall, imports posted strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 75%. As a result, imports attained the peak of 5.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, phosphates; of potassium imports soared to $4.2M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -19.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 71%. As a result, imports attained the peak of $5.3M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Phosphates; of Potassium to the United Arab Emirates in 2022:

1. China (1.0K tons)

Phosphates; of Potassium Exports in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in shipments abroad of phosphates; of potassia, when their volume increased by 76% to 31 tons. Overall, exports, however, recorded a dramatic curtailment.

In value terms, phosphates; of potassium exports skyrocketed to $39K in 2022. In general, exports, however, saw a sharp reduction.

Top Export Markets for Phosphates; of Potassium from the United Arab Emirates in 2022:

1. Guinea (3.0 tons)
2. Saudi Arabia (2.7 tons)
3. Bahrain (0.6 tons)
4. India (0.3 tons)
5. Oman (0.1 tons)

Source: IndexBox Market Intelligence Platform