HS Code:
Ferrophosphorus (HS Code: 7202.99) is a ferroalloy primarily composed of iron and phosphorus. It is mainly used in the steel industry as an additive to improve the strength, corrosion resistance, and machinability of steel. Ferrophosphorus is also utilized in the production of phosphate-based chemicals and as a deoxidizing agent in metallurgy. It is typically produced as a by-product during the production of elemental phosphorus.
Total Trade Volume
Approximately $150 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$60 million USD
40% of total trade of total trade
Increasing
$30 million USD
20% of total trade of total trade
Stable
$15 million USD
10% of total trade of total trade
Increasing
$12 million USD
8% of total trade of total trade
Stable
$10 million USD
7% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements or WTO bindings in developed countries)
Rising demand in steel production
Increased demand for ferrophosphorus in emerging economies with growing infrastructure and automotive sectors has driven trade volumes upward.
2021-2022
Shift towards sustainable production
Producers are investing in cleaner technologies to meet stringent environmental regulations, potentially increasing production costs and affecting trade prices.
2020-2022
Supply chain disruptions
Global supply chain issues, including transportation bottlenecks and geopolitical tensions, have led to price volatility and trade delays.
2021-2022
China, the largest exporter of ferrophosphorus, introduced export quotas to prioritize domestic steel production, leading to reduced global supply.
January 2022
Increased prices globally and pushed importers to seek alternative suppliers like Kazakhstan.
The European Union imposed stricter environmental standards on ferrophosphorus imports to reduce carbon footprints associated with production.
July 2022
Higher compliance costs for exporters and potential reduction in EU imports from non-compliant producers.
The United States initiated an anti-dumping investigation into ferrophosphorus imports from certain countries, alleging unfair pricing practices.
March 2022
Possible imposition of additional tariffs, which could reshape trade flows and increase costs for US buyers.