Price for Phosphates; N.E.S in Item No. 2835.2 in Malaysia - 2023
Contents:
- Price for Phosphates; N.E.S in Item No. 2835.2 in Malaysia (CIF) - 2023
- Price for Phosphates; N.E.S in Item No. 2835.2 in Malaysia (FOB) - 2022
- Imports of Phosphates; N.E.S in Item No. 2835.2 in Malaysia
- Exports of Phosphates; N.E.S in Item No. 2835.2 in Malaysia
Price for Phosphates; N.E.S in Item No. 2835.2 in Malaysia (CIF) - 2023
In October 2023, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $332 per ton, waning by -18.4% against the previous month. Over the period under review, import price indicated a moderate expansion from October 2022 to October 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for phosphates; n.e.s in item no. 2835.2s increased by +33.2% against August 2023 indices. The most prominent rate of growth was recorded in September 2023 an increase of 63% against the previous month. As a result, import price attained the peak level of $406 per ton, and then shrank rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Pakistan ($1,123 per ton), while the price for Vietnam ($183 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 Pakistan (+18.9%), while the prices for the other major suppliers experienced a decline.
Price for Phosphates; N.E.S in Item No. 2835.2 in Malaysia (FOB) - 2022
The average export price for phosphates; n.e.s in item no. 2835.2s stood at $1,040 per ton in 2022, falling by -70.1% against the previous year. Overall, the export price saw a noticeable decrease. The growth pace was the most rapid in 2021 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $3,476 per ton, and then contracted significantly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,546 per ton), while the average price for exports to Papua New Guinea totaled $1,021 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.5%).
Imports of Phosphates; N.E.S in Item No. 2835.2 in Malaysia
In 2022, approx. 33K tons of phosphates; n.e.s in item no. 2835.2s were imported into Malaysia; dropping by -8.5% on 2021. Over the period under review, imports, however, continue to indicate a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 234%. As a result, imports attained the peak of 36K tons, and then contracted in the following year.
In value terms, imports of phosphates; n.e.s in item no. 2835.2s contracted slightly to $11M in 2022. In general, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 260%. As a result, imports attained the peak of $12M, and then reduced in the following year.
| Import of Phosphates; N.E.S in Item No. 2835.2 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.8 | 1.3 | 5.0 | 4.3 | 75.2% |
| China | 1.7 | 0.7 | 3.1 | 2.2 | 9.0% |
| Pakistan | 1.2 | 0.4 | 0.9 | 1.5 | 7.7% |
| Egypt | 0.4 | 0.2 | 0.5 | 0.6 | 14.5% |
| Others | 3.4 | 0.6 | 2.4 | 2.9 | -5.2% |
| Total | 7.6 | 3.3 | 11.9 | 11.4 | 14.5% |
Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Malaysia in 2022:
- Vietnam (21.7K tons)
- Pakistan (6.2K tons)
- Egypt (2.0K tons)
- China (1.9K tons)
Exports of Phosphates; N.E.S in Item No. 2835.2 in Malaysia
In 2022, shipments abroad of phosphates; n.e.s in item no. 2835.2s was finally on the rise to reach 6.9K tons after two years of decline. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of phosphates; n.e.s in item no. 2835.2s surged to $7.2M in 2022. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Phosphates; N.E.S in Item No. 2835.2 in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | N/A | N/A | N/A | 6.9 | 0% |
| Singapore | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 0.1 | 0.1 | 0.1 | 7.2 | 316.0% |
Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Malaysia in 2022:
- Papua New Guinea (6.7K tons)
- Singapore (0.2K 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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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...
