Phosphates; of Potassium Price in South Korea - 2022
Contents:
- Phosphates; of Potassium Price in South Korea (CIF) - 2022
- Phosphates; of Potassium Price in South Korea (FOB) - 2022
- Phosphates; of Potassium Imports in South Korea
- Phosphates; of Potassium Exports in South Korea
Phosphates; of Potassium Price in South Korea (CIF) - 2022
In December 2022, the average phosphates; of potassium import price amounted to $2,388 per ton, picking up by 14% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 an increase of 59% m-o-m. As a result, import price attained the peak level of $3,328 per ton. From November 2022 to December 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Israel ($33,600 per ton), while the price for China stood at $1,970 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Israel (+29.5%).
Phosphates; of Potassium Price in South Korea (FOB) - 2022
In 2022, the average phosphates; of potassium export price amounted to $3,635 per ton, jumping by 20% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 48%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($7,115 per ton), while the average price for exports to Thailand ($2,703 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.
Phosphates; of Potassium Imports in South Korea
After three years of growth, supplies from abroad of phosphates; of potassia decreased by -9.3% to 7.2K tons in 2022. The total import volume increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of 8K tons, and then reduced in the following year.
In value terms, phosphates; of potassium imports fell dramatically to $11M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +5.8% 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 +26.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $13M, and then fell remarkably in the following year.
| Import of Phosphates; of Potassium in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.7 | 6.0 | 9.8 | 7.9 | 11.5% |
| Israel | 1.1 | 1.0 | 1.0 | 0.8 | -10.1% |
| Belgium | 0.4 | 0.5 | 0.9 | 0.7 | 20.5% |
| Malaysia | 0.3 | 0.2 | 0.4 | 0.3 | 0.0% |
| Others | 1.8 | 0.9 | 1.2 | 1.2 | -12.6% |
| Total | 9.3 | 8.6 | 13.3 | 11.0 | 5.8% |
Top Suppliers of Phosphates; of Potassium to South Korea in 2022:
- China (5.6K tons)
- Israel (0.7K tons)
- Belgium (0.5K tons)
- Malaysia (0.3K tons)
Phosphates; of Potassium Exports in South Korea
After three years of growth, shipments abroad of phosphates; of potassia decreased by -16.6% to 134 tons in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 46%.
In value terms, phosphates; of potassium exports stood at $487K in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -0.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 58%. As a result, the exports attained the peak of $489K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Phosphates; of Potassium in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 117 | 265 | 295 | 292 | 35.6% |
| Thailand | 51.3 | 97.8 | 67.1 | 66.6 | 9.1% |
| Malaysia | 5.0 | 10.9 | 65.6 | 65.1 | 135.3% |
| Vietnam | 67.8 | 3.7 | 7.7 | 25.1 | -28.2% |
| Singapore | 36.0 | 20.3 | 0.1 | 15.7 | -24.2% |
| Others | 31.0 | 91.2 | 50.1 | 22.1 | -10.7% |
| Total | 308 | 489 | 485 | 487 | 16.5% |
Top Export Markets for Phosphates; of Potassium from South Korea in 2022:
- Japan (78.2 tons)
- Thailand (24.6 tons)
- Malaysia (18.0 tons)
- Vietnam (5.6 tons)
- Singapore (3.5 tons)
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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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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
