Phosphates; of Potassium Price in Iraq - 2022
Contents:
Phosphates; of Potassium Price in Iraq (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $3,125 per ton, picking up by 54% against the previous year. Over the period under review, the import price continues to indicate mild growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 119%. Over the period under review, average import prices attained the peak figure at $3,962 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,961 per ton), while the price for Belgium stood at $2,017 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%).
Phosphates; of Potassium Imports in Iraq
In 2022, phosphates; of potassium imports into Iraq dropped significantly to 810 kg, which is down by -82% on the previous year's figure. Over the period under review, imports saw a precipitous contraction. The smallest decline of -6.8% was in 2020.
In value terms, phosphates; of potassium imports shrank notably to $2.4K in 2022. Overall, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports reached the peak of $74K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Phosphates; of Potassium in Iraq (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.3 | 62.2 | 7.6 | 2.2 | -57.8% |
| Belgium | 33.5 | 11.5 | 0.8 | 0.1 | -85.6% |
| Others | 0.6 | 0.6 | 0.1 | 0.1 | -45.0% |
| Total | 63.4 | 74.3 | 8.5 | 2.4 | -66.4% |
Top Suppliers of Phosphates; of Potassium to Iraq in 2022:
- China (737.0 kg)
- Belgium (60.0 kg)
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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...
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