Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India - 2023
Contents:
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (CIF) - 2023
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (FOB) - 2022
- Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India
- Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (CIF) - 2023
The average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $1,094 per ton in October 2023, approximately reflecting the previous month. In general, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in December 2022 when the average import price increased by 28% against the previous month. The import price peaked at $1,566 per ton in January 2023; however, from February 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Thailand ($1,934 per ton), while the price for Morocco ($491 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Russia (-1.6%), while the prices for the other major suppliers experienced a decline.
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (FOB) - 2022
The average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $2,478 per ton in 2022, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2021 an increase of 24% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($4,679 per ton), while the average price for exports to Myanmar ($701 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 the United States (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India
In 2022, overseas purchases of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses decreased by -3.2% to 145K tons, falling for the second year in a row after two years of growth. Overall, imports saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 191K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses soared to $199M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.4% 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 increased by +62.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.2 | 50.6 | 68.4 | 108 | 35.7% |
| Russia | 20.9 | 26.0 | 20.9 | 15.5 | -9.5% |
| Thailand | 7.7 | 7.3 | 10.7 | 15.2 | 25.4% |
| Belgium | 10.1 | 6.5 | 9.4 | 12.2 | 6.5% |
| Tunisia | 10.2 | 13.7 | 2.4 | 11.2 | 3.2% |
| Netherlands | 0.8 | 1.3 | 2.7 | 3.7 | 66.6% |
| Vietnam | 5.3 | 4.5 | 0.9 | 2.8 | -19.2% |
| Morocco | 1.8 | 2.2 | 1.3 | 1.7 | -1.9% |
| Others | 22.7 | 25.4 | 22.4 | 28.6 | 8.0% |
| Total | 123 | 137 | 139 | 199 | 17.4% |
Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to India in 2022:
- China (93.4K tons)
- Russia (14.6K tons)
- Tunisia (8.7K tons)
- Thailand (6.6K tons)
- Vietnam (5.0K tons)
- Belgium (4.6K tons)
- Netherlands (2.8K tons)
- Morocco (2.1K tons)
Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India
In 2022, approx. 20K tons of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses were exported from India; growing by 36% compared with 2021 figures. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses surged to $48M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 4.0 | 7.0 | 13.1 | 47.3% |
| Germany | 3.9 | 2.1 | 3.3 | 4.9 | 7.9% |
| Nepal | 0.6 | 0.8 | 2.1 | 3.4 | 78.3% |
| Bangladesh | 0.7 | 1.0 | 1.5 | 2.7 | 56.8% |
| Malaysia | 0.4 | 0.6 | 1.0 | 1.9 | 68.1% |
| Nigeria | 0.6 | 1.1 | 2.4 | 1.8 | 44.2% |
| South Africa | 0.4 | 0.8 | 1.0 | 1.1 | 40.1% |
| Kenya | 0.3 | 0.4 | 0.6 | 0.9 | 44.2% |
| Sri Lanka | 0.2 | 0.1 | 0.3 | 0.7 | 51.8% |
| Russia | 0.3 | 0.2 | 0.2 | 0.6 | 26.0% |
| Myanmar | N/A | N/A | N/A | 0.3 | 0% |
| Bhutan | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 6.4 | 6.8 | 10.5 | 17.0 | 38.5% |
| Total | 18.0 | 18.1 | 30.1 | 48.4 | 39.1% |
Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from India in 2022:
- Nepal (4.3K tons)
- United States (3.4K tons)
- Bangladesh (1.9K tons)
- Nigeria (1.1K tons)
- Germany (1.0K tons)
- Malaysia (0.7K tons)
- Sri Lanka (0.5K tons)
- Myanmar (0.4K tons)
- South Africa (0.4K tons)
- Kenya (0.4K tons)
- Bhutan (0.3K tons)
- Russia (0.3K tons)
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