Phosphorus Price in Italy - 2023
Contents:
Phosphorus Price in Italy (CIF) - 2023
In August 2023, the average phosphorus import price amounted to $4,509 per ton, with a decrease of -14.9% against the previous month. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in April 2023 an increase of 20% month-to-month. Over the period under review, average import prices hit record highs at $9,155 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($6,215 per ton), while the price for Kazakhstan totaled $4,103 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Kazakhstan (0.0%), while the prices for the other major suppliers experienced a decline.
Phosphorus Imports in Italy
In 2022, phosphorus imports into Italy surged to 20K tons, with an increase of 142% compared with the previous year's figure. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphorus imports skyrocketed to $66M in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphorus in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 15.2 | 12.6 | 25.4 | 59.7 | 57.8% |
| Poland | N/A | N/A | 0.6 | 5.6 | 833.3% |
| China | 4.7 | 1.5 | 0.4 | N/A | -70.8% |
| Others | 1.6 | 0.5 | 0.4 | 0.8 | -20.6% |
| Total | 21.5 | 14.7 | 26.8 | 66.1 | 45.4% |
Top Suppliers of Phosphorus to Italy in 2022:
- Vietnam (17.8K tons)
- Poland (1.9K tons)
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