Superphosphate market
Superphosphate market: get newly released facts and figures provided by an Ai-driven business intelligence tool. Data contain trade, imports, market prices, production, exports, market size, consumption, and companies. There is a breakdown by country, including the Middle East, Latin America, the U.S., EU, the U.K., China, Russia, and Africa. Market trends and forecast to 2030 are also provided in the snapshots.
Superphosphate - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | Brazil |
| 2 | India |
| 3 | China |
| 4 | Mexico |
| 5 | Bangladesh |
In value terms, Brazil led the market, alone. The second position in the ranking was occupied by India. It was followed by China.
In Brazil, the superphosphate market shrank by an average annual rate of -5.0% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (-5.2% per year) and China (+25.8% per year).
Superphosphate Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 252 | 268 | 207 | -9.4% |
| Lebanon | 303 | 286 | 229 | -13.1% |
| Morocco | 332 | 291 | 236 | -15.7% |
| Tunisia | 315 | 287 | 239 | -12.9% |
| Netherlands | 255 | 275 | 239 | -3.2% |
| Israel | 289 | 297 | 259 | -5.3% |
| Mexico | 355 | 318 | 296 | -8.7% |
| Average | 248 | 258 | 230 | -3.7% |
Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Mexico ($296 per ton) and Israel ($259 per ton), while China ($207 per ton) and Lebanon ($229 per ton) were amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced a decline in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Iran | 356 | 411 | 331 | -3.6% |
| Bangladesh | 318 | 306 | 310 | -1.3% |
| Sri Lanka | 278 | 263 | 261 | -3.1% |
| Chile | 304 | 315 | 255 | -8.4% |
| United States | 349 | 319 | 254 | -14.7% |
| Argentina | 325 | 297 | 251 | -12.1% |
| United Kingdom | 370 | 324 | 242 | -19.1% |
| France | 290 | 288 | 236 | -9.8% |
| Indonesia | 266 | 259 | 227 | -7.6% |
| Netherlands | 267 | 293 | 219 | -9.4% |
| Paraguay | 217 | 218 | 202 | -3.5% |
| Australia | 208 | 208 | 201 | -1.7% |
| Brazil | 196 | 206 | 188 | -2.1% |
| Average | 255 | 253 | 236 | -3.8% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Iran ($331 per ton), while Brazil ($188 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Bangladesh, while the other global leaders experienced a decline in the import price figures.
Superphosphate - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Brazil | 0.5 | 0.6 | 0.3 | -16.5% |
| Bangladesh | 0.2 | 0.2 | 0.2 | 10.8% |
| United States | 0.2 | 0.1 | 0.08 | -32.5% |
| France | 0.1 | 0.1 | 0.07 | -19.4% |
| Indonesia | 0.2 | 0.1 | 0.07 | -44.0% |
In value terms, Brazil ($340M), Bangladesh ($225M) and the United States ($81M) constituted the countries with the highest levels of imports in 2020, together accounting for 49% of global imports.
Bangladesh saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.
Superphosphate - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 0.5 | 0.5 | 0.3 | -19.6% |
| Morocco | 0.4 | 0.4 | 0.3 | -11.2% |
| Israel | 0.2 | 0.3 | 0.2 | -15.4% |
| Tunisia | 0.1 | 0.2 | 0.07 | -19.9% |
| Netherlands | 0.07 | 0.08 | 0.06 | -7.7% |
In value terms, China ($297M), Morocco ($278M) and Israel ($176M) were the countries with the highest levels of exports in 2020, together comprising 69% of global exports. These countries were followed by Tunisia, the Netherlands, Mexico and Lebanon, which together accounted for a further 20%.
Among the main exporting countries, the Netherlands saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.
Superphosphate - Market Forecast
Driven by rising demand for superphosphate worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Superphosphate - Product Coverage
- HS 310310 - Fertilizers, mineral or chemical; phosphatic, superphosphates
- HS 310311 - Fertilizers, mineral or chemical; phosphatic, superphosphates, containing by weight 35% or more of diphosphorus pentaoxide (P2O5)
- HS 310319 - Fertilizers, mineral or chemical; phosphatic, superphosphates, other than containing by weight 35% or more of diphosphorus pentaoxide (P2O5)
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