Phosphorus Acid Price Trend

Phosphorus Acid Prices December 2023

The price of phosphorus acid in the United States for Q4 2023 reached 1720 USD/MT in December. The price of phosphorus acid has undergone a decline in the fourth quarter of 2023, primarily linked to a reduction in the price of phosphate rocks from the major exporter. The market for agro-based fertilizers and fungicides downstream has faced constrained demand from end-users.

The price trend for phosphorus acid in Europe reached 1710 USD/MT in December 2023. The price of phosphorus acid has experienced a downward trend in the fourth quarter of 2023, primarily linked to a reduction in the price of phosphate rocks from the sourcing nation. The initial data for 2023 from the economic accounts for agriculture (EAA) reveals a year-on-year decline of 6.6% in the index of agricultural labor productivity in the EU.

In China, phosphorus acid prices reached 1570 USD/MT. The continuous contraction of China's manufacturing activity for the third consecutive month in December surpassed expectations, introducing uncertainty regarding the country's economic recovery.

Phosphorus Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Phosphorus Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of phosphorus acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of phosphorus acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of phosphorus acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing phosphorus acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

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 increasing product adoption in agriculture sector due to rising fungal disease is primarily driving the market growth. Phosphorus acid is primarily used as a fungicide in the agriculture sector. Its effectiveness in combating various plant pathogens, including root and foliar diseases, is driving its widespread use in farming. The National Library of Medicine estimated that 10–23% of crops are destroyed due to these diseases pre-harvest, despite disease interventions, and a further 10–20% post-harvest. Besides, as global agricultural activities expand to meet the increasing food demand due to population growth, the need for phosphorus acid-based fungicides continues to rise. According to the UNITED NATIONS, the growing human population, which is expected to reach 9.7 billion by 2050, together with the growth in income per capita will substantially increase the demand for food.
• Phosphorus acid is also utilized in water treatment processes as it serves as a critical chemical in controlling waterborne pathogens and algae, maintaining water quality in industrial processes, municipal water systems, and swimming pools. Moreover, phosphates are often added to drinking water at public water systems as a corrosion inhibitor to prevent the leaching of lead and copper from pipes and fixtures. Consequently, the rising demand for clean drinking water is also propelling the market growth. According to the World Health Organization, in 2022, 73% of the global population (6 billion people) used a safely managed drinking-water service, that is, one located on premises, available when needed, and free from contamination.
• In many regions, there is a significant push from regulatory bodies to reduce the environmental impact of agricultural chemicals. Consequently, phosphorus acid, being one of the less harmful fungicides when compared to other more toxic chemicals is gaining traction for use in agriculture, which encourages its adoption. The expanding agrochemicals market which is expected to reach US$ 390.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032 as stated by IMARC Group is also propelling the use of phosphorus acid.

Phosphorus Acid News

The report covers the latest developments, updates, and trends impacting the global phosphorus acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phosphorus acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the phosphorus acid price trend.

Latest developments in the phosphorus acid industry:

• In May 2023, The OCP Group secured a 50% ownership share in GlobalFeed SL to broaden its presence in the animal nutrition industry and enhance customers' accessibility to the company's phosphoric acid products.
• In February, 2022 EuroChem Group completed the acquisition of the Serra do Salitre phosphate project and took over the advanced-stage mine and plant in Minas Gerais.

Product Description

Phosphorus acid, also known as phosphonic acid, is a chemical compound with the formula H₃PO₃. It is one of several oxoacids of phosphorus and should not be confused with phosphoric acid (H₃PO₄). Phosphorus acid is a diprotic acid (not triprotic like phosphoric acid), meaning it can donate two protons (H⁺ ions). Its chemical structure consists of a phosphorus atom bonded to three hydroxyl (OH) groups and one double-bonded oxygen. It is a colorless and odorless crystalline solid and is often sold and used in solution form. It is moderately soluble in water and releases heat when dissolved, which is a common characteristic of many acids when they interact with water.

Regional Coverage

The report provides a detailed analysis of the phosphorus acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the phosphorus acid price trend.

Global Phosphorus Acid Price

The report offers a holistic view of the global phosphorus acid pricing trends in the form of phosphorus acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of phosphorus acid but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed phosphorus acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Phosphorus Acid Price

In the European region, the price of phosphorus acid has experienced a downward trend in the fourth quarter of 2023, primarily linked to a reduction in the price of phosphate rocks from the sourcing nation. The initial data for 2023 from the economic accounts for agriculture (EAA) reveals a year-on-year decline of 6.6% in the index of agricultural labor productivity in the EU, contrasting with the growth observed between 2019 and 2022.

This analysis can be extended to include detailed phosphorus acid price information for a comprehensive list of countries.

North America Phosphorus Acid Price

In the North America region, the price of phosphorus acid has undergone a decline in the fourth quarter of 2023, primarily linked to a reduction in the price of phosphate rocks from the major exporter. The market for agro-based fertilizers and fungicides downstream has faced constrained demand from end-users. Major industrial players have faced challenges, experiencing reduced sales and margins due to the pricing pressure of phosphate-based fertilizers in the market.

Specific phosphorus acid historical data within the United States and Canada can also be provided.

Middle East and Africa Phosphorus Acid Price

The report explores the phosphorus acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on phosphorus acid prices for countries can also be provided.

Asia Pacific Phosphorus Acid Price

In the Asia-Pacific region, the price of phosphorus acid has undergone a decline in the fourth quarter of 2023, primarily associated with a reduction in the price of phosphate rocks. This decline gained momentum this quarter, driven by diminished demand in the downstream market and the ongoing decrease in the price of Phosphorus Trichloride. The continuous contraction of China's manufacturing activity for the third consecutive month in December surpassed expectations, introducing uncertainty regarding the country's economic recovery.

This phosphorus acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Phosphorus Acid Price

The analysis of phosphorus acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of phosphorus acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting phosphorus acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The phosphorus acid price charts ensure our clients remain at the forefront of the industry.