Price for Phosphates; N.E.S in Item No. 2835.2 in Tanzania - 2022

Contents:

1. Price for Phosphates; N.E.S in Item No. 2835.2 in Tanzania (CIF) - 2022
2. Price for Phosphates; N.E.S in Item No. 2835.2 in Tanzania (FOB) - 2022
3. Imports of Phosphates; N.E.S in Item No. 2835.2 in Tanzania
4. Exports of Phosphates; N.E.S in Item No. 2835.2 in Tanzania

Price for Phosphates; N.E.S in Item No. 2835.2 in Tanzania (CIF) - 2022

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $2,176 per ton, increasing by 40% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphates; n.e.s in item no. 2835.2s increased by +79.1% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($2,947 per ton), while the price for China ($2,172 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kenya (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Phosphates; N.E.S in Item No. 2835.2 in Tanzania (FOB) - 2022

In 2022, the average export price for phosphates; n.e.s in item no. 2835.2s amounted to $2,311 per ton, remaining relatively unchanged against the previous year. In general, the export price showed a modest expansion. The pace of growth appeared the most rapid in 2016 an increase of 98% against the previous year. As a result, the export price attained the peak level of $4,140 per ton. From 2017 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malawi.

From 2015 to 2022, the rate of growth in terms of prices for Malawi amounted to +20.4% per year.

Imports of Phosphates; N.E.S in Item No. 2835.2 in Tanzania

In 2022, the amount of phosphates; n.e.s in item no. 2835.2s imported into Tanzania fell sharply to 78 tons, shrinking by -60% compared with the previous year's figure. Overall, imports saw a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 207% against the previous year.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s reduced rapidly to $169K in 2022. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 251% against the previous year. As a result, imports attained the peak of $303K, and then fell rapidly in the following year.

Top Suppliers of Phosphates; N.E.S in Item No. 2835.2 to Tanzania in 2022:

1. China (70.5 tons)
2. India (6.5 tons)

Exports of Phosphates; N.E.S in Item No. 2835.2 in Tanzania

In 2022, after two years of decline, there was decline in overseas shipments of phosphates; n.e.s in item no. 2835.2s, when their volume decreased by 0% to 1 tons. In general, exports saw a significant expansion. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s amounted to $2.3K in 2022. Over the period under review, exports recorded a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Phosphates; N.E.S in Item No. 2835.2 from Tanzania in 2022:

1. Malawi (1.0 tons)

Source: IndexBox Market Intelligence Platform