Phosphoric Acid Prices, Monitor, Demand Analysis and Forecast
Phosphoric Acid Price in USA
- United States: 1050 USD/MT
In December 2023, the price of phosphoric acid in the USA hit $1050 per metric ton during the fourth quarter. Over the course of Q4 2023, there was a distinct downward trend in its price.
The latest report by IMARC Group, titled “Phosphoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of Phosphoric Acid Prices. This report delves globally, presenting a detailed analysis, along with an informative Phosphoric Acid Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Phosphoric Acid Price Analysis:
- China: 981 USD/MT
- Germany: 1275 USD/MT
Report Offering:
- Monthly Updates: Annual Subscription
- Quarterly Updates: Annual Subscription
- Biannually Updates: Annual Subscription
The study delves into the factors affecting phosphoric 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/phosphoric-acid-pricing-report/requestsample
Phosphoric Acid Price Trend- Last Quarter
The increasing demand for phosphate fertilizers, such as diammonium phosphate (DAP) and monoammonium phosphate (MAP), in the agricultural sector to enhance crop yields and meet the needs of a growing global population represents one of the key factors positively influencing the market. Besides this, the rising emphasis on sustainable farming practices and food security, prompting farmers to utilize high-quality fertilizers, is impelling the market growth. Additionally, the increasing utilization of phosphoric acid as an acidity regulator and preservative in various products in the food and beverage (F&B) industry is propelling the market growth. Apart from this, industrial applications, including the production of surfactants and specialty chemicals, are catalyzing the demand for phosphoric acid.
Phosphoric Acid Market Analysis
In Europe, phosphoric acid prices rose in the fourth quarter of 2023 due to the increasing demand from the fertilizer and F&B industries. The agricultural sector’s heightened need for effective fertilizers reflected broader global food security concerns. The F&B sector’s growing consumption of phosphoric acid for food preservation and flavor enhancement propelled market activity. However, this price increase was compounded by frequent fluctuations in raw material costs and elevated shipping prices, which strained the supply chain. Additionally, geopolitical conflicts, particularly sanctions on Russia, disrupted regional supply lines and affected production rates and availability, thus contributing to the upward pressure on phosphoric acid prices in the European market.
In North America, the phosphoric acid market experienced a downward trend in Q4 2023 due to the falling costs of phosphate rocks. This decline in raw material prices, coupled with reduced demand from downstream industries, such as fertilizers, F&B, preservatives, and surfactants, exerted downward pressure on phosphoric acid prices. Furthermore, pricing pressures and increasing manufacturing costs led industrial players to reconsider production levels, further supporting the overall decrease in market demand. As a result, the combination of lower raw material costs and diminished consumption contributed to a challenging pricing environment for phosphoric acid in North America.
The Asia-Pacific region saw a significant decrease in phosphoric acid prices in Q4 2023, driven by falling costs of phosphate rock. Major producers like Morocco, which supplied countries, such as India, contributed to this price decline. Moreover, uncertainties surrounding China’s reliability as a leading exporter prompted buyers to seek alternative sources, further dampening the demand for phosphoric acid. This shift in purchasing behavior, combined with reduced import costs, led to a notable decline in prices across the region.
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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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