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
Phosphoric acid is a crucial inorganic compound primarily used in the production of phosphate fertilizers, essential for modern agriculture. It also finds applications in industries such as food and beverages, pharmaceuticals, and detergents. Produced by treating phosphate rock with sulfuric acid, phosphoric acid is highly valued for its ability to enhance crop yield and improve food preservation. The global phosphoric acid market is driven by the rising demand for fertilizers, particularly in agriculture-intensive regions, as well as the growing use of phosphoric acid in the food and beverage sector for acidity regulation. The increasing adoption of sustainable agricultural practices and the need for higher crop productivity are also fueling market expansion. Key trends include technological advancements in production methods, improved energy efficiency in manufacturing, and the growing use of phosphoric acid in renewable energy technologies like batteries. Additionally, the expanding pharmaceutical industry further supports demand for phosphoric acid, as it is widely used in drug formulations and medical applications.
Phosphoric Acid Market Analysis
In the U.S. market, phosphoric acid prices saw a decline in the fourth quarter of 2023, largely driven by reduced costs of phosphate rocks. The U.S. Commerce Department launched an investigation into whether Moroccan and Russian phosphate fertilizer producers receive unfair subsidies, following a petition from Mosaic Co. Despite this, those producers maintain no state subsidies are involved. Lower demand for phosphoric acid stemmed from decreased fertilizer needs and subdued demand from industries such as food, preservatives, and surfactants.
In the Asia-Pacific region, phosphoric acid prices declined in the fourth quarter of 2023 due to lower phosphate rock costs from major suppliers like Morocco. India and China, key importers, faced challenges, with China seeing reduced domestic production and sales of fertilizers such as DAP and MAP. Buyers sought alternatives due to export restrictions from China, which impacted regional supply. Active destocking and reduced orders from suppliers contributed to the overall price decline in this quarter
In Europe, phosphoric acid prices experienced a slight increase by the end of the fourth quarter of 2023, driven by stronger demand from the fertilizer sector, particularly for DAP and MAP production, as well as the food and beverage industries. Europe’s reliance on imports and rising freight charges played a key role in influencing price dynamics. Geopolitical tensions, particularly sanctions on Russia, further disrupted supply chains and raised production challenges, contributing to limited availability and higher prices for phosphoric acid.
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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