Report Update Nov 1, 2024

Chile - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights

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Chile: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Chile

The Chilean phosphoric acid market soared to $X in 2022, growing by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.3% against 2017 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Exports

Exports from Chile

In 2022, the amount of phosphoric acid and polyphosphoric acids exported from Chile fell modestly to X tons, shrinking by -2.1% against the year before. In general, exports faced a sharp setback. The pace of growth appeared the most rapid in 2018 when exports increased by 590% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphoric acid exports declined modestly to $X in 2022. Over the period under review, exports showed a dramatic slump. The pace of growth appeared the most rapid in 2018 with an increase of 433% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for phosphoric acid exports from Chile, with a 90% share of total exports. Moreover, phosphoric acid exports to Peru exceeded the volume sent to the second major destination, Argentina (X kg), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Peru stood at +11.3%.

In value terms, Peru ($X) remains the key foreign market for phosphoric acid and polyphosphoric acids exports from Chile, comprising 87% of total exports. The second position in the ranking was taken by Argentina ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru was relatively modest.

Export Prices by Country

The average phosphoric acid export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 92% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Peru amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

Phosphoric Acid Imports

Imports into Chile

After three years of growth, overseas purchases of phosphoric acid and polyphosphoric acids decreased by -16.7% to X tons in 2022. The total import volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 16%. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, phosphoric acid imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Mexico (X tons) and South Korea (X tons) were the main suppliers of phosphoric acid imports to Chile, with a combined 79% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +12.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Belgium ($X) appeared to be the largest phosphoric acid suppliers to Chile, with a combined 82% share of total imports.

China, with a CAGR of +13.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, jumping by 106% against the previous year. Over the period under review, the import price posted a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were India, Russia and China, together comprising 65% of global consumption.

What are the largest producers of phosphoric acid and polyphosphoric acids in the world?

The countries with the highest volumes of in 2021 were China, Russia and Morocco, together accounting for 68% of global production. The United States, Jordan, Japan, Senegal, Egypt and Mexico lagged somewhat behind, together comprising a further 17%.

What are the leading suppliers of phosphoric acid and polyphosphoric acids to Chile?

In value terms, Mexico, China and Brazil appeared to be the largest phosphoric acid suppliers to Chile, with a combined 77% share of total imports. These countries were followed by Belgium, South Korea and the United States, which together accounted for a further 21%.

What are the leading importers of phosphoric acid and polyphosphoric acids from Chile?

It was followed by Uruguay, with a 4.7% share.

What is the average export price for phosphoric acid and polyphosphoric acids in Chile?

In 2021, the average phosphoric acid export price amounted to $1,659 per ton, which is down by -23.9% against the previous year.

What is the average import price for phosphoric acid and polyphosphoric acids in Chile?

The average phosphoric acid import price stood at $916 per ton in 2021, with a decrease of -5.4% against the previous year.

This report provides an in-depth analysis of the phosphoric acid market in Chile. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20132455 - Phosphoric acid and polyphosphoric acids

Country coverage:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023