Price for Phosphates; N.E.S in Item No. 2835.2 in Spain - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Spain (FOB) - 2023
- Price for Phosphates; N.E.S in Item No. 2835.2 in Spain (CIF) - 2022
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Spain
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Spain
Price for Phosphates; N.E.S in Item No. 2835.2 in Spain (FOB) - 2023
In October 2023, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $4,774 per ton, shrinking by -62.5% against the previous month. Over the period under review, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 129% month-to-month. Over the period under review, the average export prices attained the maximum at $25,177 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($31,209 per ton), while the average price for exports to Germany ($3,023 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Phosphates; N.E.S in Item No. 2835.2 in Spain (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,087 per ton, growing by 37% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphates; n.e.s in item no. 2835.2s increased by +84.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($8,767 per ton), while the price for Belgium ($854 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Phosphates; N.E.S in Item No. 2835.2 in Spain
In 2022, the amount of phosphates; n.e.s in item no. 2835.2s exported from Spain soared to 1.4K tons, with an increase of 33% on the previous year's figure. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $15M in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; N.E.S in Item No. 2835.2 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 3,158 | 1,672 | 2,354 | 4,143 | 9.5% |
| Switzerland | 3,462 | 3,849 | 3,702 | 2,874 | -6.0% |
| Germany | 1,521 | 1,627 | 2,198 | 2,115 | 11.6% |
| Netherlands | 370 | 235 | 520 | 1,967 | 74.5% |
| Italy | 233 | 1,258 | 649 | 722 | 45.8% |
| United States | 279 | 167 | 245 | 719 | 37.1% |
| United Kingdom | 528 | 949 | 291 | 668 | 8.2% |
| Belgium | 34.8 | 129 | 7.1 | 347 | 115.2% |
| Portugal | 172 | 203 | 435 | 265 | 15.5% |
| China | 162 | 451 | 11.7 | 262 | 17.4% |
| Cuba | 40.9 | 13.0 | 1.2 | 164 | 58.9% |
| United Arab Emirates | 106 | 48.6 | 87.4 | 72.0 | -12.1% |
| Nigeria | 163 | N/A | 47.0 | 2.7 | -74.5% |
| Others | 234 | 286 | 370 | 387 | 18.3% |
| Total | 10,465 | 10,889 | 10,919 | 14,707 | 12.0% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Spain in 2022:
- France (410.0 tons)
- Germany (217.3 tons)
- Belgium (142.1 tons)
- United Kingdom (79.0 tons)
- Portugal (76.5 tons)
- Switzerland (71.2 tons)
- Netherlands (67.8 tons)
- United States (66.3 tons)
- Italy (61.1 tons)
- Cuba (39.4 tons)
- United Arab Emirates (29.2 tons)
- China (23.6 tons)
- Nigeria (1.0 tons)
Imports of Phosphates; N.E.S in Item No. 2835.2 in Spain
In 2022, imports of phosphates; n.e.s in item no. 2835.2s into Spain dropped to 3.4K tons, with a decrease of -11.1% against the previous year. Over the period under review, imports recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 1.2% against the previous year.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $7.1M in 2022. Overall, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 36%.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,184 | 1,221 | 1,992 | 2,236 | 23.6% |
| France | 3,373 | 910 | 1,225 | 1,346 | -26.4% |
| China | 1,541 | 1,070 | 1,026 | 1,015 | -13.0% |
| Thailand | 460 | 463 | 433 | 583 | 8.2% |
| Romania | N/A | 51.4 | 263 | 495 | 210.3% |
| India | 0.1 | 0.4 | 2.4 | 469 | 1573.9% |
| Morocco | N/A | N/A | N/A | 219 | 0% |
| Belgium | 1,959 | 135 | 182 | 173 | -55.5% |
| Others | 534 | 441 | 702 | 565 | 1.9% |
| Total | 9,052 | 4,292 | 5,825 | 7,100 | -7.8% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Spain in 2022:
- Germany (872.8 tons)
- France (849.6 tons)
- China (646.9 tons)
- Thailand (232.7 tons)
- Belgium (203.2 tons)
- Morocco (177.1 tons)
- India (135.9 tons)
- Romania (92.3 tons)
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