Asia-Pacific: Phosphate Rock Market 2022

Phosphate Rock Market Size in Asia-Pacific

The Asia-Pacific phosphate rock market rose sharply to $X in 2020, picking up by X% against the previous year. In general, consumption posted a strong increase. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Phosphate Rock Production in Asia-Pacific

In value terms, phosphate rock production amounted to $X in 2020 estimated in export prices. Overall, production recorded a strong increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2020 and is expected to retain growth in years to come.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of phosphate rock production, comprising approx. X% of total volume. It was followed by Vietnam (X tons), with a X% share of total production.

In China, phosphate rock production increased at an average annual rate of +X% over the period from 2007-2020.

Phosphate Rock Exports

Exports in Asia-Pacific

After four years of growth, overseas shipments of phosphate rock decreased by -X% to X tons in 2020. Overall, exports saw a abrupt decline. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of X tons. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, phosphate rock exports fell rapidly to $X in 2020. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The level of export peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

China was the main exporter of phosphate rock in Asia-Pacific, with the volume of exports amounting to X tons, which was near X% of total exports in 2020. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Nauru (X%). Pakistan (X tons) held a minor share of total exports.

From 2007 to 2020, average annual rates of growth with regard to phosphate rock exports from China stood at -X%. At the same time, Pakistan (+X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, Vietnam (-X%) and Nauru (-X%) illustrated a downward trend over the same period. While the share of Nauru (+X p.p.), Pakistan (+X p.p.) and Vietnam (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest phosphate rock supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was occupied by Nauru ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In China, phosphate rock exports decreased by an average annual rate of -X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Nauru (-X% per year) and Vietnam (-X% per year).

Export Prices by Country

The phosphate rock export price in Asia-Pacific stood at $X per ton in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

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

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

Phosphate Rock Imports

Imports in Asia-Pacific

In 2020, after two years of growth, there was significant decline in supplies from abroad of phosphate rock, when their volume decreased by -X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. As a result, imports reached the peak of X tons. from 2012 to 2020, the growth imports failed to regain the momentum.

In value terms, phosphate rock imports reached $X in 2020. In general, imports, however, continue to indicate a slight increase. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. The level of import peaked 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, recording X tons, which was near X% of total imports in 2020. It was distantly followed by South Korea (X tons), creating a X% share of total imports. New Zealand (X tons), Indonesia (X tons), Malaysia (X tons), Australia (X tons), the Philippines (X tons) and Pakistan (X tons) held a relatively small share of total imports.

From 2007 to 2020, average annual rates of growth with regard to phosphate rock imports into India stood at +X%. At the same time, the Philippines (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +X% from 2007-2020. By contrast, New Zealand (-X%), Indonesia (-X%), Malaysia (-X%), South Korea (-X%), Australia (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. India (+X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan, Indonesia, Malaysia, New Zealand, Australia and South Korea saw its share reduced by -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The phosphate rock import price in Asia-Pacific stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the import price recorded mild growth. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, import prices reached 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 Indonesia ($X per ton), while Malaysia ($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