Price for Phosphates; N.E.S in Item No. 2835.2 in Guatemala - 2023

Contents:

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

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

In 2022, the average import price for phosphates; n.e.s in item no. 2835.2s amounted to $3,081 per ton, with an increase of 11% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% 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 +65.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 25%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Colombia ($8,423 per ton), while the price for Belgium ($1,417 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+17.4%), 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 Guatemala (FOB) - 2022

The average export price for phosphates; n.e.s in item no. 2835.2s stood at $3,406 per ton in 2022, rising by 46% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 69%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($5,492 per ton), while the average price for exports to El Salvador ($2,396 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Guatemala recorded growth in purchases abroad of phosphates; n.e.s in item no. 2835.2s, which increased by 26% to 493 tons in 2022. Overall, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, imports of phosphates; n.e.s in item no. 2835.2s soared to $1.5M in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 47%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Phosphates; N.E.S in Item No. 2835.2 in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25423952399657.7%
Colombia11120526519620.9%
Mexico25.583.013418292.5%
United States37.269.511889.634.0%
Others96.113942.954.2-17.4%
Total5247351,0831,51842.6%

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

  1. China (396.4 tons)
  2. Mexico (46.5 tons)
  3. Colombia (23.3 tons)
  4. United States (22.5 tons)

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

After three years of growth, overseas shipments of phosphates; n.e.s in item no. 2835.2s decreased by -12.6% to 19 tons in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 195%.

In value terms, exports of phosphates; n.e.s in item no. 2835.2s skyrocketed to $65K in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 184% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

Export of Phosphates; N.E.S in Item No. 2835.2 in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras10.830.638.143.158.6%
Costa RicaN/AN/A3.411.5238.2%
PanamaN/AN/AN/A6.50%
El Salvador1.00.10.82.332.0%
Nicaragua0.41.68.30.614.5%
OthersN/A2.20.21.0-32.6%
Total12.234.550.965.074.7%

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

  1. Honduras (14.0 tons)
  2. Costa Rica (2.5 tons)
  3. Panama (1.3 tons)
  4. El Salvador (1.0 tons)
  5. Nicaragua (0.1 tons)

Source: IndexBox Market Intelligence Platform

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