Phosphates; of Potassium Price in Myanmar - 2022
Contents:
Phosphates; of Potassium Price in Myanmar (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $816 per ton, declining by -14.9% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 56%. Over the period under review, average import prices reached the peak figure at $1,732 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($23,684 per ton), while the price for China stood at $774 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+274.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Phosphates; of Potassium Imports in Myanmar
In 2022, purchases abroad of phosphates; of potassia decreased by -14.2% to 44 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 91% against the previous year. As a result, imports reached the peak of 103 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, phosphates; of potassium imports contracted rapidly to $36K in 2022. Overall, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 127%. As a result, imports reached the peak of $75K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Phosphates; of Potassium in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 32.4 | 74.5 | 42.7 | 33.6 | 1.2% |
| Others | 0.7 | 0.3 | 5.9 | 1.9 | 39.5% |
| Total | 33.1 | 74.9 | 48.7 | 35.5 | 2.4% |
Top Suppliers of Phosphates; of Potassium to Myanmar in 2022:
- China (43.5 tons)
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In value terms, phosphinates imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuat...
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