Phosphorus Acid Price In Europe
- Europe: 1710 USD/MT
In Q4 2023, the price of phosphorus acid in the United States reached 1720 USD/MT in December. This decline in price during the fourth quarter was primarily driven by a reduction in the cost of phosphate rocks from the major exporter. Additionally, the market for agro-based fertilizers and fungicides experienced constrained demand from end-users.
The latest report by IMARC, titled " Phosphorus Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of phosphorus acid prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Phosphorus Acid Prices December 2023:
- Europe: 1710 USD/MT
- China: 1570 USD/MT
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The study delves into the factors affecting phosphorus acid price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Phosphorus Acid Price Trend- Q4 2023
The Phosphorus Acid market is witnessing growth driven by several key factors. Firstly, the increasing demand for phosphorus acid in various industries such as agriculture, water treatment, and pharmaceuticals is propelling market expansion. Phosphorus acid is widely used as a raw material in the production of phosphate fertilizers and as a water treatment agent for controlling algae growth. Additionally, the growing emphasis on environmental sustainability and stringent regulations regarding water quality are driving the adoption of phosphorus acid-based solutions, further fueling market growth. Moreover, technological advancements in production processes and increasing investments in research and development are enhancing product quality and expanding application possibilities, contributing to market expansion.
Phosphorus Acid Market Analysis
The global phosphorus acid market size reached US$ 25.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 42.9 Billion, at a projected CAGR of 6% during 2023-2032. The fourth quarter of 2023 witnessed a decline in the price of Phosphorus Acid in the North American region, primarily attributed to reduced prices of phosphate rocks from major exporters. This reduction impacted the market for agro-based fertilizers and fungicides downstream, leading to constrained demand from end-users. Major industrial players faced challenges such as reduced sales and margins due to pricing pressures from phosphate-based fertilizers, particularly influenced by decreased prices set by major exporter China. This decreased demand was notably observed in the agrochemical fertilizer sector, prompting suppliers to cautiously engage in extended stock-building activities amidst market uncertainty.
In the Asia-Pacific (APAC) region, the price of Phosphorus Acid witnessed a decline in the fourth quarter of 2023, mainly linked to reductions in the price of phosphate rocks and ongoing decreases in the price of Phosphorus Trichloride. Diminished demand in the downstream market, coupled with the continuous contraction of China's manufacturing activity, contributed to the decline. Discussions about additional stimulus measures to bolster economic recovery highlighted market uncertainty. In India, reduced Rabi crop cultivation indicated decreased demand for Phosphorus Acid, reflecting weakened industrial activities and reduced downstream market demand. Suppliers responded by lowering exquotation prices, aligning with the observed decline in prices in the APAC region.
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Key Points Covered in the Phosphorus Acid Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Phosphorus Acid Prices
- Phosphorus Acid Price Trend
- Phosphorus Acid Demand & Supply
- Phosphorus Acid Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Phosphorus Acid Price Analysis
- Phosphorus Acid Industry Drivers, Restraints, and Opportunities
- Phosphorus Acid News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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