Price for Phosphates; N.E.S in Item No. 2835.2 in South Africa - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in South Africa (CIF) - 2023
- Price for Phosphates; N.E.S in Item No. 2835.2 in South Africa (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in South Africa
- Exports of Phosphates; N.E.S in Item No. 2835.2 in South Africa
Price for Phosphates; N.E.S in Item No. 2835.2 in South Africa (CIF) - 2023
In November 2023, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $3,090 per ton, surging by 33% against the previous month. Over the period under review, the import price posted modest growth. The growth pace was the most rapid in March 2023 when the average import price increased by 242% against the previous month. As a result, import price attained the peak level of $8,983 per ton. From April 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($8,900 per ton), while the price for China ($1,964 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by India (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Phosphates; N.E.S in Item No. 2835.2 in South Africa (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,820 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, the export price recorded moderate growth. The growth pace was the most rapid in 2015 an increase of 180% against the previous year. The export price peaked at $3,315 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($9,199 per ton), while the average price for exports to Malawi ($817 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 Kenya (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphates; N.E.S in Item No. 2835.2 in South Africa
Imports of phosphates; n.e.s in item no. 2835.2s into South Africa soared to 2.3K tons in 2022, jumping by 52% on the year before. Overall, total imports indicated a moderate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.4% 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 decreased by -15.2% against 2020 indices.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $5M in 2022. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; N.E.S in Item No. 2835.2 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,940 | 1,197 | 1,277 | 2,910 | 14.5% |
| India | 114 | 198 | 430 | 679 | 81.3% |
| France | 138 | 252 | 254 | 270 | 25.1% |
| Germany | 422 | 260 | 353 | 269 | -13.9% |
| Indonesia | N/A | N/A | N/A | 123 | 0% |
| Mexico | 36.8 | 21.9 | N/A | 120 | 48.3% |
| Finland | N/A | N/A | N/A | 71.2 | 0% |
| Egypt | N/A | 105 | N/A | N/A | 0% |
| Others | 268 | 637 | 435 | 511 | 24.0% |
| Total | 2,920 | 2,671 | 2,749 | 4,953 | 19.3% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to South Africa in 2022:
- China (1523.5 tons)
- India (240.9 tons)
- Indonesia (120.0 tons)
- France (85.4 tons)
- Mexico (80.0 tons)
- Finland (72.0 tons)
- Germany (44.9 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in South Africa
In 2022, exports of phosphates; n.e.s in item no. 2835.2s from South Africa contracted significantly to 600 tons, falling by -32.6% compared with the previous year. Overall, exports showed a mild downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 212% against the previous year. As a result, the exports reached the peak of 890 tons, and then shrank sharply in the following year.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s dropped to $1.1M in 2022. In general, exports saw a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of 197%. As a result, the exports attained the peak of $1.2M, and then dropped in the following year.
| Export of Phosphates; N.E.S in Item No. 2835.2 in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 72.0 | 96.7 | 162 | 235 | 48.3% |
| Malawi | 13.8 | 10.8 | 251 | 228 | 154.7% |
| Kenya | 226 | 8.9 | 203 | 226 | 0.0% |
| Zimbabwe | 428 | 44.3 | 246 | 117 | -35.1% |
| Democratic Republic of the Congo | 23.2 | 14.4 | 27.3 | 56.1 | 34.2% |
| Uganda | 66.4 | 27.4 | 43.0 | 56.0 | -5.5% |
| Botswana | 47.7 | 41.0 | 109 | 42.5 | -3.8% |
| Namibia | 5.4 | 11.9 | 24.4 | 38.9 | 93.1% |
| Nigeria | 159 | 103 | 35.5 | 0.5 | -85.3% |
| Myanmar | 25.3 | N/A | 19.5 | N/A | -12.2% |
| Others | 68.3 | 61.2 | 128 | 92.1 | 10.5% |
| Total | 1,135 | 420 | 1,250 | 1,092 | -1.3% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from South Africa in 2022:
- Malawi (279.0 tons)
- Zambia (89.8 tons)
- Zimbabwe (58.6 tons)
- Botswana (41.5 tons)
- Democratic Republic of the Congo (33.1 tons)
- Kenya (24.6 tons)
- Namibia (21.5 tons)
- Uganda (17.2 tons)
- Nigeria (0.2 tons)
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