Price for Phosphates; N.E.S in Item No. 2835.2 in Pakistan - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Pakistan (CIF) - 2022
- Price for Phosphates; N.E.S in Item No. 2835.2 in Pakistan (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Pakistan
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Pakistan
Price for Phosphates; N.E.S in Item No. 2835.2 in Pakistan (CIF) - 2022
In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,060 per ton, declining by -19.1% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. The import price peaked at $3,192 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,994 per ton), while the price for Belgium ($1,530 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.6%), 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 Pakistan (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,457 per ton in 2022, with a decrease of -3% against the previous year. In general, the export price continues to indicate a deep slump. The growth pace was the most rapid in 2016 an increase of 31%. As a result, the export price attained the peak level of $4,225 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -5.2% per year.
Imports of Phosphates; N.E.S in Item No. 2835.2 in Pakistan
In 2022, approx. 309 tons of phosphates; n.e.s in item no. 2835.2s were imported into Pakistan; jumping by 34% compared with 2021 figures. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 74% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s rose sharply to $637K in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +73.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 60% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 70.9 | 98.5 | 110 | 303 | 62.3% |
| Taiwan (Chinese) | 65.6 | 69.2 | 72.6 | 89.8 | 11.0% |
| Germany | 77.5 | 74.4 | 180 | 72.6 | -2.2% |
| South Korea | 0.1 | 18.8 | N/A | 43.5 | 657.7% |
| Thailand | 6.2 | 17.4 | 16.6 | 37.7 | 82.5% |
| Belgium | 1.3 | 0.4 | 0.4 | 30.6 | 186.6% |
| United Kingdom | 1.3 | 1.2 | 1.1 | 17.1 | 136.1% |
| India | 75.8 | 24.0 | 49.0 | 8.0 | -52.7% |
| Singapore | 21.8 | 16.8 | 14.7 | N/A | -17.9% |
| Italy | 21.0 | 22.3 | 22.3 | N/A | 3.0% |
| Others | 41.3 | 23.2 | 121 | 34.8 | -5.5% |
| Total | 383 | 366 | 587 | 637 | 18.5% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Pakistan in 2022:
- China (192.4 tons)
- Germany (26.4 tons)
- Taiwan (Chinese) (22.5 tons)
- Belgium (20.0 tons)
- South Korea (17.4 tons)
- Thailand (12.0 tons)
- United Kingdom (5.0 tons)
- India (4.4 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Pakistan
For the fourth year in a row, Pakistan recorded growth in shipments abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 20% to 1.5K tons in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 109%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s soared to $2.1M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +80.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 27%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Phosphates; N.E.S in Item No. 2835.2 in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 1.2 | 1.5 | 1.8 | 2.1 | 20.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.2 | 1.5 | 1.8 | 2.1 | 20.5% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Pakistan in 2022:
- Malaysia (1457.0 tons)
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