Asia: Phosphate Rock Market 2022

Phosphate Rock Market Size in Asia

The Asian phosphate rock market was estimated at $X in 2020, growing by X% against the previous year. Over the period under review, consumption recorded a strong expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% y-o-y. Over the period under review, the market reached the maximum level in 2020 and is likely to see steady growth in the immediate term.

Phosphate Rock Production in Asia

In value terms, phosphate rock production expanded significantly to $X in 2020 estimated in export prices. Over the period under review, production saw buoyant growth. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of production peaked in 2020 and is expected to retain growth in years to come.

Production By Country in Asia

The country with the largest volume of phosphate rock production was China (X tons), accounting for X% of total volume. Moreover, phosphate rock production in China exceeded the figures recorded by the second-largest producer, Jordan (X tons), more than tenfold.

In China, phosphate rock production expanded at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Jordan (+X% per year) and Saudi Arabia (+X% per year).

Phosphate Rock Exports

Exports in Asia

In 2020, exports of phosphate rock in Asia reduced to X tons, waning by -X% on the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, phosphate rock exports shrank rapidly to $X in 2020. Over the period under review, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. 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

Jordan dominates phosphate rock exports structure, finishing at X tons, which was approx. X% of total exports in 2020. Kazakhstan (X tons) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Israel (X%), Syrian Arab Republic (X%) and China (X%). The United Arab Emirates (X tons) occupied a little share of total exports.

Exports from Jordan increased at an average annual rate of +X% from 2007 to 2020. At the same time, the United Arab Emirates (+X%), Kazakhstan (+X%) and Israel (+X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Syrian Arab Republic (-X%) and China (-X%) illustrated a downward trend over the same period. Kazakhstan (+X p.p.), Jordan (+X p.p.) and the United Arab Emirates (+X p.p.) significantly strengthened its position in terms of the total exports, while Syrian Arab Republic and China saw its share reduced by -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest phosphate rock supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

In Jordan, phosphate rock exports remained relatively stable over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Syrian Arab Republic (-X% per year) and Israel (-X% per year).

Export Prices by Country

The phosphate rock export price in Asia stood at $X per ton in 2020, falling by -X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. Over the period under review, export prices reached the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Syrian Arab Republic ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Phosphate Rock Imports

Imports in Asia

In 2020, after three years of growth, there was significant decline in supplies from abroad of phosphate rock, when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate modest growth. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2012 to 2020, the growth imports failed to regain the momentum.

In value terms, phosphate rock imports contracted slightly to $X in 2020. Over the period under review, imports, however, showed mild growth. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

India dominates phosphate rock imports structure, finishing at X tons, which was approx. X% of total imports in 2020. Turkey (X tons) occupied the second position in the ranking, followed by South Korea (X tons). All these countries together occupied near X% share of total imports. The following importers - Lebanon (X tons), Indonesia (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up X% of total imports.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, the Philippines (+X%), Turkey (+X%) and Lebanon (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. By contrast, Indonesia (-X%), Malaysia (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India and Turkey increased by +X% and +X% percentage points, while Indonesia (-X p.p.), Malaysia (-X p.p.) and South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported phosphate rock in Asia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

In India, phosphate rock imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Indonesia (+X% per year) and Turkey (+X% per year).

Import Prices by Country

In 2020, the phosphate rock import price in Asia amounted to $X per ton, surging by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. The level of import peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform