Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh - 2022
Contents:
- Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh (CIF) - 2022
- Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh
Price for Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh (CIF) - 2022
In 2022, the average import price for diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses amounted to $1,439 per ton, rising by 57% against the previous year. Overall, the import price recorded a buoyant increase. 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 Vietnam ($1,905 per ton), while the price for South Africa ($700 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh
Imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses into Bangladesh surged to 75K tons in 2022, picking up by 70% against 2021 figures. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 114%. As a result, imports attained the peak of 78K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of diphosphorus pentoxide; phosphoric acid and polyphosphoric acidses soared to $108M in 2022. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 182% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 2.7 | 11.5 | 41.5 | 292.1% |
| Jordan | 7.4 | 11.1 | 2.9 | 27.4 | 54.7% |
| Morocco | N/A | 24.5 | 16.5 | 13.7 | -25.2% |
| South Africa | 6.9 | 8.6 | 5.9 | 13.2 | 24.1% |
| India | N/A | N/A | 0.1 | 7.4 | 7300.0% |
| China | 3.0 | 2.2 | 3.1 | 4.5 | 14.5% |
| Others | 0.1 | 0.2 | 0.3 | 0.2 | 26.0% |
| Total | 17.5 | 49.4 | 40.3 | 108 | 83.4% |
Top Suppliers of Diphosphorus Pentoxide; Phosphoric Acid and Polyphosphoric Acids to Bangladesh in 2022:
- Vietnam (21.8K tons)
- South Africa (18.9K tons)
- Jordan (14.4K tons)
- Morocco (10.2K tons)
- India (4.8K tons)
- China (4.8K tons)
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