Phosphorus Price in the Dominican Republic - 2023
Contents:
- Phosphorus Price in the Dominican Republic (CIF) - 2022
- Phosphorus Price in the Dominican Republic (FOB) - 2022
- Phosphorus Imports in the Dominican Republic
- Phosphorus Exports in the Dominican Republic
Phosphorus Price in the Dominican Republic (CIF) - 2022
In 2022, the average phosphorus import price amounted to $7,604 per ton, picking up by 9.1% against the previous year. Overall, the import price continues to indicate a resilient increase. The growth pace was the most rapid in 2017 an increase of 157%. As a result, import price reached the peak level of $8,396 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,144 per ton), while the price for China ($721 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Phosphorus Price in the Dominican Republic (FOB) - 2022
The average phosphorus export price stood at $1,443 per ton in 2022, increasing by 2% against the previous year. Over the period under review, the export price posted a slight expansion. The growth pace was the most rapid in 2014 when the average export price increased by 98%. As a result, the export price attained the peak level of $2,353 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Turks and Caicos Islands.
From 2012 to 2022, the rate of growth in terms of prices for Turks and Caicos Islands amounted to +1.9% per year.
Phosphorus Imports in the Dominican Republic
In 2022, the amount of phosphori imported into the Dominican Republic soared to 6.2 tons, jumping by 46% on 2021 figures. Over the period under review, imports enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 90% against the previous year. As a result, imports attained the peak of 8.1 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, phosphorus imports soared to $47K in 2022. Overall, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 96% against the previous year. As a result, imports attained the peak of $64K. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Phosphorus in the Dominican Republic (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 14.5 | 41.1 | 13.5 | 25.5 | 20.7% |
| Germany | 15.7 | 19.2 | 12.5 | 16.6 | 1.9% |
| United States | 2.6 | 4.2 | 3.5 | 5.0 | 24.4% |
| China | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 32.9 | 64.5 | 29.6 | 47.1 | 12.7% |
Top Suppliers of Phosphorus to the Dominican Republic in 2022:
- India (3.7 tons)
- Germany (2.2 tons)
- United States (0.3 tons)
- China (0.1 tons)
Phosphorus Exports in the Dominican Republic
Phosphorus exports from the Dominican Republic shrank remarkably to 442 kg in 2022, waning by -23.1% on the previous year's figure. Overall, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. As a result, the exports reached the peak of 575 kg, and then fell dramatically in the following year.
In value terms, phosphorus exports fell sharply to $638 in 2022. Over the period under review, exports, however, showed a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 76%. As a result, the exports attained the peak of $814, and then contracted sharply in the following year.
| Export of Phosphorus in the Dominican Republic (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turks and Caicos Islands | 382 | 463 | 514 | 638 | 18.6% |
| Others | 51.0 | N/A | 300 | N/A | 142.5% |
| Total | 433 | 463 | 814 | 638 | 13.8% |
Top Export Markets for Phosphorus from the Dominican Republic in 2022:
- Turks and Caicos Islands (442.0 kg)
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