Phosphoric Acid Price Trend, Index, Chart, Analysis, News 2024, Demand and Forecast

𝐏𝐡𝐨𝐬𝐩𝐡𝐨𝐫𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐞 𝐢𝐧 𝐔𝐒𝐀

• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1050 USD/MT
• 𝐂𝐡𝐢𝐧𝐚: 981 USD/MT
• 𝐆𝐞𝐫𝐦𝐚𝐧𝐲: 1275 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" delivers a comprehensive analysis of phosphoric 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.

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- 𝐐𝟒 𝟐𝟎𝟐𝟑:

The Phosphoric Acid market is currently influenced by a complex interplay of factors ranging from global supply chain disruptions to regional economic conditions. In the first quarter of 2024, significant price fluctuations were noted, driven by a combination of supply-side constraints and varying demand across different sectors. Notably, unexpected production halts, such as those due to extreme weather conditions in North America, impacted the supply, with key producers like Hooker Chemical Company and Stauffer Chemical Company experiencing shutdowns. Concurrently, subdued demand in both domestic and overseas markets led to destocking efforts by suppliers, exerting downward pressure on prices.

Despite these challenges, market analysts anticipate a potential retracement in prices by mid-May. This prediction suggests a temporary stabilization, reflecting the market's responsive nature to the evolving economic landscape and operational challenges within the industry.

𝐏𝐡𝐨𝐬𝐩𝐡𝐨𝐫𝐢𝐜 𝐀𝐜𝐢𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The global phosphoric acid market size reached US$ 46.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 68.4 Billion, at a projected CAGR of 4.30% during 2023-2032. In North America, the Phosphoric Acid market saw significant price volatility during the first quarter of 2024. This was primarily due to the dual impact of supply disruptions and muted demand. The unexpected shutdowns at major chemical plants in Texas, caused by severe weather conditions, significantly curtailed production capacities, leading to a tighter supply in the market. Simultaneously, a reduced demand both domestically and internationally prompted suppliers to reduce their inventory levels, further influencing the market dynamics. These elements combined to create a fluctuating price environment, with the anticipation of price adjustments in the near future.

In the APAC region, the price dynamics of Phosphoric Acid were largely governed by cautious supplier behavior and an oversupply situation. Despite stable supply conditions, the demand from key sectors like fertilizers and food and beverages was notably lower, particularly in South Korea. This reduction in demand was exacerbated by aggressive destocking activities, alongside the depreciation of the South Korean won against the US dollar, which influenced import costs and pricing strategies. The decrease in prices from China, a major exporter, also played a critical role in shaping the regional price trends, leading to an overall decline in market prices during this period.

The European Phosphoric Acid market faced downward pricing pressure, influenced by several factors including reduced demand from the fertilizer sector, economic uncertainties, and heightened competition from alternative products. The oversupply situation was further exacerbated by high inventory levels maintained by major importers. Geopolitical tensions affecting shipping routes and increased freight charges also played significant roles in shaping the market dynamics. The combination of these factors led to a decrease in prices, particularly noticeable in Germany, which saw a significant reduction in prices due to lower costs from major suppliers like Morocco.

In the MEA region, particularly in Morocco, the market dynamics were significantly impacted by adverse weather conditions affecting the agricultural sector, which in turn reduced the demand for fertilizers. The geopolitical challenges in the Red Sea influenced shipping routes and logistics, prompting local producers to adjust their supply chains, which affected the pricing and availability of Phosphoric Acid. The stability in prices of phosphate rocks, which are key raw materials, helped mitigate some of the production cost increases. However, the overall market sentiment remained bearish, with a noticeable decline in prices during this quarter.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/phosphoric-acid-pricing-report

𝐊𝐞𝐲 𝐏𝐨𝐢𝐧𝐭𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐨𝐬𝐩𝐡𝐨𝐫𝐢𝐜 𝐀𝐜𝐢𝐝 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

• Phosphoric Acid Prices
• Phosphoric Acid Price Trend
• Phosphoric Acid Demand & Supply
• Phosphoric Acid Market Analysis
• Demand Supply Analysis by Type
• Demand Supply Analysis by Application
• Demand Supply Analysis of Raw Materials
• Phosphoric Acid Price Analysis
• Phosphoric Acid Industry Drivers, Restraints, and Opportunities
• Phosphoric 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

𝐍𝐨𝐭𝐞: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀:

IMARC Group
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𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
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About Us:

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.