Phosphates; of Potassium Price in Chile - 2023
Contents:
- Phosphates; of Potassium Price in Chile (CIF) - 2023
- Phosphates; of Potassium Price in Chile (FOB) - 2022
- Phosphates; of Potassium Imports in Chile
- Phosphates; of Potassium Exports in Chile
Phosphates; of Potassium Price in Chile (CIF) - 2023
The average phosphates; of potassium import price stood at $2,645 per ton in September 2023, rising by 37% against the previous month. Over the period under review, the import price recorded a measured increase. The pace of growth was the most pronounced in May 2023 an increase of 2,220% against the previous month. As a result, import price reached the peak level of $63,721 per ton. From June 2023 to September 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 ($37,255 per ton), while the price for China ($1,398 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Price in Chile (FOB) - 2022
The average phosphates; of potassium export price stood at $5,261 per ton in 2022, growing by 47% against the previous year. In general, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 73% against the previous year. The export price peaked at $36,477 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Argentina.
From 2012 to 2022, the rate of growth in terms of prices for Peru amounted to +134.2% per year.
Phosphates; of Potassium Imports in Chile
In 2022, phosphates; of potassium imports into Chile surged to 3.4K tons, growing by 487% against the previous year. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, phosphates; of potassium imports surged to $6.9M in 2022. In general, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; of Potassium in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.8 | 0.7 | 6.2 | 48.3% |
| Germany | 0.4 | 0.3 | 0.3 | 0.6 | 14.5% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 2.3 | 3.1 | 1.0 | 6.9 | 44.2% |
Top Suppliers of Phosphates; of Potassium to Chile in 2022:
- China (3.3K tons)
- Germany (0.1K tons)
Phosphates; of Potassium Exports in Chile
For the fourth year in a row, Chile recorded growth in overseas shipments of phosphates; of potassia, which increased by 4.4% to 15 tons in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, phosphates; of potassium exports soared to $77K in 2022. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 65%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Phosphates; of Potassium in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 23.3 | 31.4 | 47.1 | 73.1 | 46.4% |
| Others | 3.2 | 12.3 | 2.8 | 3.5 | 3.0% |
| Total | 26.5 | 43.8 | 49.9 | 76.5 | 42.4% |
Top Export Markets for Phosphates; of Potassium from Chile in 2022:
- Argentina (14.5 tons)
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