Africa: Phosphate Rock Market 2022

Phosphate Rock Market Size in Africa

After two years of growth, the African phosphate rock market decreased by -X% to $X in 2020. Over the period under review, consumption showed a noticeable slump. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Phosphate Rock Production in Africa

In value terms, phosphate rock production amounted to $X in 2020 estimated in export prices. In general, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. The level of production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Africa

Morocco (X tons) constituted the country with the largest volume of phosphate rock production, comprising approx. X% of total volume. Moreover, phosphate rock production in Morocco exceeded the figures recorded by the second-largest producer, Egypt (X tons), fourfold. The third position in this ranking was occupied by Tunisia (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Morocco was relatively modest. The remaining producing countries recorded the following average annual rates of production growth: Egypt (+X% per year) and Tunisia (-X% per year).

Phosphate Rock Exports

Exports in Africa

In 2020, shipments abroad of phosphate rock increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports recorded a notable increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, phosphate rock exports fell modestly to $X in 2020. Overall, exports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Morocco was the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Egypt (X tons) and Togo (X tons), together making up a X% share of total exports. Algeria (X tons) and Senegal (X tons) took a little share of total exports.

From 2007 to 2020, average annual rates of growth with regard to phosphate rock exports from Morocco stood at +X%. At the same time, Senegal (+X%), Egypt (+X%) and Togo (+X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing exporter exported in Africa, with a CAGR of +X% from 2007-2020. By contrast, Algeria (-X%) illustrated a downward trend over the same period. While the share of Morocco (+X p.p.), Egypt (+X p.p.) and Senegal (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Algeria (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest phosphate rock supplier in Africa, comprising X% of total exports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Morocco totaled -X%. In the other countries, the average annual rates were as follows: Egypt (-X% per year) and Togo (+X% per year).

Export Prices by Country

The phosphate rock export price in Africa stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. The level of export peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Algeria ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Algeria, while the other leaders experienced mixed trends in the export price figures.

Phosphate Rock Imports

Imports in Africa

In 2020, approx. X tons of phosphate rock were imported in Africa; with a decrease of -X% against the previous year's figure. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2010; however, from 2011 to 2020, imports remained at a lower figure.

In value terms, phosphate rock imports reduced slightly to $X in 2020. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

Mali represented the major importer of phosphate rock in Africa, with the volume of imports finishing at X tons, which was near X% of total imports in 2020. It was distantly followed by Tunisia (X tons) and Benin (X tons), together committing a X% share of total imports. Senegal (X tons), Uganda (X tons), Cote d'Ivoire (X tons), Angola (X tons), Cameroon (X tons), Egypt (X tons) and South Africa (X tons) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Benin (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Benin ($X), Mali ($X) and Tunisia ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports.

Benin (+X% per year) 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the phosphate rock import price in Africa amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2018 an increase of X% year-to-year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform