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 into the price of Phosphoric Acid globally, presenting a detailed analysis, along with an informative Phosphoric Acid Price Chart. Through comprehensive Phosphoric 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 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:
- United States: 1050 USD/MT
- China: 981 USD/MT
- Germany: 1275 USD/MT
Report Offering:
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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 primarily by its extensive use in the agricultural sector as a key component in fertilizer production, specifically for diammonium phosphate (DAP) and monoammonium phosphate (MAP) fertilizers. These fertilizers are critical for enhancing crop yield and quality, which is increasingly important due to rising global food demand. Additionally, the growing adoption of phosphoric acid in the food and beverage industry as a food additive and preservative further boosts market growth. It is used to acidify foods and beverages such as colas and jams, which adds to its demand. The application of the chemical in water treatment, where it helps in reducing pH levels and controlling corrosion, also contributes to market expansion.
Phosphoric Acid Market Analysis
In Q2 2024, the phosphoric acid of North America market saw a favorable pricing environment, marked by a consistent rise in market prices. Numerous key trends contributed to this increase. One of the main drivers was the sustained rising cost of sulfuric acid, a critical raw material for producing phosphoric acid, which continued to push prices upward. Additionally, demand from end use industries, especially the fertilizer industry, was relatively weak. Delays in shipments and imbalances of supply and demand further intensified the rising market trends, compounded by logistical issues and potential issues at major ports.
Whereas, the Asia-Pacific (APAC) phosphoric acid market faced difficulties during the second quarter of 2024, marked by a notable decline in prices. This downturn was driven by multiple factors, including weak demand from downstream sectors such as fertilizers and food and beverages, along with a generally pessimistic market outlook. The situation worsened due to the sluggish performance in the upstream phosphate rock market. Moreover, ongoing supply chain issues and logistical hurdles, coupled with rising shipping costs, further intensified the downward trend in phosphoric acid prices.
Other than this, in the Q2 2024, the Europe phosphoric acid market saw a noticeable decline in prices due to several factors putting strain on the market. Delays in shipments and rising freight costs have added to the operational expenses. Moreover, the resumption of activities at the Lifosa phosphates plant increased supply, leading to an oversupply situation in comparison to the moderate demand levels. In line with this, in the second quarter of 2024, the phosphoric acid market in the Middle East and Africa (MEA) region experienced a marked decline in prices, with a notable reduction compared to the same quarter in the previous year. This decrease can be attributed to several key market dynamics, including weakened demand from downstream sectors, especially fertilizers, and persistent disruptions in global supply chains
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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