Price for Phosphates; N.E.S in Item No. 2835.2 in Mexico - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Mexico (CIF) - 2023
- Price for Phosphates; N.E.S in Item No. 2835.2 in Mexico (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Mexico
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Mexico
Price for Phosphates; N.E.S in Item No. 2835.2 in Mexico (CIF) - 2023
The average import price for phosphates; n.e.s in item no. 2835.2s stood at $3,011 per ton in October 2023, waning by -23.4% against the previous month. Over the period under review, the import price, however, recorded a moderate expansion. The growth pace was the most rapid in June 2023 when the average import price increased by 296% against the previous month. As a result, import price reached the peak level of $7,458 per ton. From July 2023 to October 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 the United States ($5,399 per ton), while the price for China ($2,488 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 China (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Phosphates; N.E.S in Item No. 2835.2 in Mexico (FOB) - 2022
In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $2,120 per ton, surging by 47% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($11,915 per ton), while the average price for exports to Italy ($989 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 Chile (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphates; N.E.S in Item No. 2835.2 in Mexico
In 2022, approx. 1.1K tons of phosphates; n.e.s in item no. 2835.2s were imported into Mexico; jumping by 35% on 2021. Overall, imports saw a relatively flat trend pattern.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $3.7M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +18.8% 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 +67.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,611 | 2,151 | 1,879 | 2,684 | 18.5% |
| Germany | 126 | 90.4 | 170 | 620 | 70.1% |
| China | 104 | 111 | 123 | 419 | 59.1% |
| Sweden | 41.0 | 11.4 | 44.7 | N/A | 4.4% |
| Italy | 123 | 107 | 84.8 | N/A | -17.0% |
| Others | 223 | 268 | 189 | 17.0 | -57.6% |
| Total | 2,228 | 2,740 | 2,492 | 3,740 | 18.8% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Mexico in 2022:
- United States (624.9 tons)
- China (252.9 tons)
- Germany (226.8 tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of phosphates; n.e.s in item no. 2835.2s, which increased by 23% to 1.5K tons in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 191% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s surged to $3.3M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 177% against the previous year. 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 Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Barbados | 96.0 | 134 | 341 | 1,061 | 122.7% |
| Turkey | N/A | N/A | N/A | 630 | 0% |
| Italy | 189 | 226 | 616 | 327 | 20.0% |
| Guatemala | 12.2 | 42.2 | 145 | 219 | 161.8% |
| Cuba | 37.0 | 47.1 | 120 | 186 | 71.3% |
| South Africa | 17.6 | 11.2 | 76.7 | 167 | 111.7% |
| United States | 72.1 | 75.9 | 146 | 166 | 32.0% |
| Others | 135 | 119 | 368 | 511 | 55.8% |
| Total | 558 | 655 | 1,813 | 3,267 | 80.2% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Mexico in 2022:
- Barbados (619.1 tons)
- Italy (330.9 tons)
- Turkey (191.4 tons)
- South Africa (96.7 tons)
- Cuba (74.8 tons)
- United States (50.5 tons)
- Guatemala (41.2 tons)
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In June 2023, the price of Sodium Phosphates was $4,207 per ton (CIF, Mexico), declining by -8.9% compared to the previous month.
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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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In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
236
In June 2023, the price of Sodium Phosphates was $4,207 per ton (CIF, Mexico), declining by -8.9% compared to the previous month.
349
In January 2023, the sodium triphosphate price stood at $2,339 per ton (CIF, Mexico), waning by -7.7% against the previous month.
823
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...
1254
In value terms, phosphinates exports totaled $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated some noti...
