Phosphates; of Potassium Price in Nepal - 2022
Contents:
Phosphates; of Potassium Price in Nepal (CIF) - 2022
In 2022, the average phosphates; of potassium import price amounted to $4,854 per ton, picking up by 82% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphates; of potassium import price increased by +89.4% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +6.5% per year.
Phosphates; of Potassium Imports in Nepal
Phosphates; of potassium imports into Nepal reduced sharply to 4.4 tons in 2022, falling by -61.2% compared with 2021 figures. In general, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of 11 tons, and then contracted remarkably in the following year.
In value terms, phosphates; of potassium imports shrank dramatically to $21K in 2022. Overall, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 55% against the previous year. As a result, imports attained the peak of $30K, and then contracted notably in the following year.
| Import of Phosphates; of Potassium in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 24.1 | 19.2 | 30.0 | 21.3 | -4.0% |
| Others | 0.4 | 0.2 | 0.1 | N/A | -50.0% |
| Total | 24.6 | 19.4 | 30.1 | 21.3 | -4.7% |
Top Suppliers of Phosphates; of Potassium to Nepal in 2022:
- India (4.4 tons)
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