Phosphorus Acid Prices December 2023:
- United States: 1720 USD/MT
In Q4 2023, U.S. phosphorus acid prices fell to $1720/MT in December due to lower phosphate rock prices and reduced demand from fertilizer and fungicide markets.
The latest report by IMARC Group, titled "Phosphorus Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of the phosphorus acid price trend. This report delves into the price of Phosphorus Acid globally, presenting a detailed analysis, along with an informative Phosphorus Acid price chart. Through comprehensive Phosphorus Acid 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 Phosphorus Acid demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasts, making this report an invaluable resource for industry stakeholders.
Phosphorus Acid Prices December 2023:
- United States: 1720 USD/MT
- 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 exporters in 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.
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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