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
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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 phosphoric acid market is driven by the rising demand from the agriculture sector, as phosphoric acid is a key ingredient in phosphate fertilizers, which are essential for enhancing crop yield. With a growing global population and increasing food demand, farmers are using fertilizers to boost production, thereby offering a favorable market outlook. Additionally, the rising utilization of phosphoric acid in the food and beverage (F&B) industry for food preservation and flavor enhancement is supporting the market growth. Furthermore, the growing awareness among the masses about various applications of phosphoric acid is positively influencing the market.
Phosphoric Acid Market Analysis
In the European region, phosphoric acid prices escalated in the last quarter of 2023 due to heightened demand from both the fertilizer and food and beverage (F&B) industries. This demand surge is compounded by frequent fluctuations in production costs and elevated shipping expenses, which collectively exerted upward pressure on market prices. Additionally, geopolitical conflicts, particularly sanctions against Russia, led to significant disruptions in the regional supply chain, further complicating production processes and limiting the availability of phosphoric acid. These factors created a challenging environment for manufacturers, prompting them to adjust pricing strategies in response to supply constraints and changing market dynamics.
In North America, the phosphoric acid market experienced a downward trend in prices during the last quarter of 2023 due to a decline in phosphate rock costs. This decrease was accompanied by a notable reduction in demand from downstream industries, including fertilizers, preservatives, and surfactants. Additionally, the market faced pricing pressures arising from higher manufacturing costs, which further supported the downward trajectory of phosphoric acid prices. As a result, the overall demand dynamics, coupled with reduced input costs, led to reduced pricing environment for phosphoric acid in the North American market.
In the Asia Pacific region, phosphoric acid prices saw a significant decrease, primarily driven by the falling costs of phosphate rock in the last quarter of 2023. Major manufacturers, particularly in Morocco, contributed to this decline, impacting countries, such as India, that rely on imports for phosphoric acid supply. Furthermore, uncertainties regarding China’s reliability as a leading exporter prompted buyers to explore alternative sources, further reducing the demand. This decreased raw material costs and changed purchasing behaviors led to a notable decline in phosphoric acid prices, reflecting the evolving dynamics within the Asia Pacific market.
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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