Phosphates; of Potassium Price in Paraguay - 2023

Contents:

  1. Phosphates; of Potassium Price in Paraguay (CIF) - 2022
  2. Phosphates; of Potassium Imports in Paraguay

Phosphates; of Potassium Price in Paraguay (CIF) - 2022

The average phosphates; of potassium import price stood at $12,223 per ton in 2022, increasing by 48% against the previous year. In general, the import price showed a resilient expansion. The growth pace was the most rapid in 2016 an increase of 73% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($52,119 per ton), while the price for Brazil ($3,571 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Phosphates; of Potassium Imports in Paraguay

Phosphates; of potassium imports into Paraguay contracted rapidly to 3 tons in 2022, with a decrease of -25.8% compared with 2021. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year.

In value terms, phosphates; of potassium imports rose sharply to $37K 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 +9.0% 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 increased by +75.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Phosphates; of Potassium in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany3.34.95.820.684.1%
China3.02.98.38.340.4%
Mexico2.21.65.03.112.1%
Argentina1.61.42.22.414.5%
Spain0.10.22.32.1175.9%
Brazil10.54.00.6N/A-76.1%
Others7.65.99.0N/A8.8%
Total28.220.833.236.59.0%

Top Suppliers of Phosphates; of Potassium to Paraguay in 2022:

  1. China (1900.0 kg)
  2. Germany (395.0 kg)
  3. Argentina (315.0 kg)
  4. Spain (273.0 kg)
  5. Mexico (96.0 kg)
  6. Brazil (7.0 kg)

Source: IndexBox Market Intelligence Platform

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