Phosphates; of Potassium Price in Pakistan - 2023

Contents:

  1. Phosphates; of Potassium Price in Pakistan (CIF) - 2022
  2. Phosphates; of Potassium Imports in Pakistan

Phosphates; of Potassium Price in Pakistan (CIF) - 2022

In 2022, the average phosphates; of potassium import price amounted to $2,639 per ton, reducing by -18.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $5,645 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($3,690 per ton), while the price for China ($2,259 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.2%).

Phosphates; of Potassium Imports in Pakistan

In 2022, phosphates; of potassium imports into Pakistan skyrocketed to 458 tons, increasing by 94% on the year before. Over the period under review, 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 soared to $1.2M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Phosphates; of Potassium in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/AN/AN/A5710%
China663647480492-9.5%
Germany52.610519695.121.8%
Singapore26.06.025.217.8-11.9%
Others31.832.858.832.20.4%
Total7737907611,20716.0%

Top Suppliers of Phosphates; of Potassium to Pakistan in 2022:

  1. China (217.6 tons)
  2. France (199.6 tons)
  3. Germany (25.8 tons)
  4. Singapore (5.7 tons)

Source: IndexBox Market Intelligence Platform

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