Phosphates; of Potassium Price in Ireland - 2023

Contents:

1. Phosphates; of Potassium Price in Ireland (CIF) - 2023
2. Phosphates; of Potassium Price in Ireland (FOB) - 2022
3. Phosphates; of Potassium Imports in Ireland
4. Phosphates; of Potassium Exports in Ireland

Phosphates; of Potassium Price in Ireland (CIF) - 2023

The average phosphates; of potassium import price stood at $4,511 per ton in August 2023, which is down by -12.7% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when the average import price increased by 56% month-to-month. The import price peaked at $7,724 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,120 per ton), while the price for China ($2,169 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.4%), while the prices for the other major suppliers experienced a decline.

Phosphates; of Potassium Price in Ireland (FOB) - 2022

In 2022, the average phosphates; of potassium export price amounted to $5,419 per ton, rising by 27% against the previous year. Over the period under review, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 94%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($5,682 per ton) and Japan ($5,515 per ton), while the average price for exports to the UK ($5,355 per ton) and Belgium ($5,371 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+70.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphates; of Potassium Imports in Ireland

After two years of decline, supplies from abroad of phosphates; of potassia increased by 40% to 554 tons in 2022. Over the period under review, imports, however, continue to indicate a perceptible shrinkage.

In value terms, phosphates; of potassium imports surged to $2.6M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +5.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. United Kingdom (308.8 tons)
2. France (114.7 tons)
3. Belgium (46.7 tons)
4. Germany (35.3 tons)
5. China (32.2 tons)
6. United States (9.6 tons)

Phosphates; of Potassium Exports in Ireland

Phosphates; of potassium exports from Ireland shrank sharply to 804 kg in 2022, reducing by -90.5% on the previous year. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by 233% against the previous year.

In value terms, phosphates; of potassium exports declined notably to $4.4K in 2022. Overall, exports continue to indicate a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 355% against the previous year.

Top Export Markets for Phosphates; of Potassium from Ireland in 2022:

1. Belgium (332.0 kg)
2. United Kingdom (168.0 kg)
3. Slovakia (88.0 kg)
4. Spain (82.0 kg)
5. Netherlands (57.0 kg)
6. Japan (55.0 kg)
7. France (23.0 kg)

Source: IndexBox Market Intelligence Platform