Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia - 2023

Contents:

1. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia (CIF) - 2023
2. Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia (FOB) - 2023
3. Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia
4. Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia (CIF) - 2023

The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $2,006 per ton in December 2023, increasing by 32% against the previous month. Over the period under review, the import price, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in June 2023 an increase of 33% m-o-m. The import price peaked at $2,810 per ton in January 2023; however, from February 2023 to December 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($5,011 per ton), while the price for China ($1,803 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia (FOB) - 2023

The average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $3,880 per ton in December 2023, growing by 52% against the previous month. In general, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in March 2023 when the average export price increased by 1,029% against the previous month. As a result, the export price reached the peak level of $50,778 per ton. From April 2023 to December 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the Philippines ($5,339 per ton), while the average price for exports to New Zealand ($2,128 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia

After three years of growth, purchases abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s decreased by -4.8% to 16K tons in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year.

In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s soared to $36M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to Australia in 2022:

1. China (11.3K tons)
2. Thailand (1.6K tons)
3. United States (1.1K tons)
4. Germany (0.7K tons)
5. Lithuania (0.6K tons)
6. France (0.3K tons)
7. Russia (0.3K tons)

Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in Australia

In 2022, after two years of decline, there was significant growth in overseas shipments of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s, when their volume increased by 12% to 463 tons. In general, exports, however, saw a deep slump.

In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s surged to $1.8M in 2022. The total export value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from Australia in 2022:

1. Malaysia (269.5 tons)
2. Vietnam (81.9 tons)
3. Papua New Guinea (25.9 tons)
4. Philippines (19.6 tons)
5. New Zealand (18.2 tons)
6. Singapore (13.5 tons)
7. Canada (10.5 tons)
8. Indonesia (8.8 tons)

Source: IndexBox Market Intelligence Platform