Australia and Oceania: Phosphate Rock Market 2022

Phosphate Rock Market Size in Australia and Oceania

For the fourth consecutive year, the phosphate rock market in Australia and Oceania recorded decline in sales value, which decreased by -X% to $X in 2020. Over the period under review, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Phosphate Rock Production in Australia and Oceania

In value terms, phosphate rock production fell markedly to $X in 2020 estimated in export prices. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% y-o-y. Over the period under review, production reached the peak level at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Production By Country in Australia and Oceania

The country with the largest volume of phosphate rock production was Australia (X tons), comprising approx. X% of total volume. Moreover, phosphate rock production in Australia exceeded the figures recorded by the second-largest producer, Nauru (X tons), eightfold.

From 2007 to 2020, the average annual growth rate of volume in Australia stood at -X%.

Phosphate Rock Exports

Exports in Australia and Oceania

In 2020, overseas shipments of phosphate rock decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

In value terms, phosphate rock exports shrank markedly to $X in 2020. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% y-o-y. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

The biggest shipments were from Nauru (X tons), together resulting at X% of total export.

Nauru was also the fastest-growing in terms of the phosphate rock exports, with a CAGR of -X% from 2007 to 2020. From 2007 to 2020, the share of Nauru increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nauru ($X) also remains the largest phosphate rock supplier in Australia and Oceania.

In Nauru, phosphate rock exports plunged by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

The phosphate rock export price in Australia and Oceania stood at $X per ton in 2020, shrinking by -X% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Nauru.

From 2007 to 2020, the rate of growth in terms of prices for Nauru amounted to -X% per year.

Phosphate Rock Imports

Imports in Australia and Oceania

In 2020, the amount of phosphate rock imported in Australia and Oceania rose modestly to X tons, with an increase of X% against 2019. Overall, imports, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2010 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, phosphate rock imports reduced to $X in 2020. In general, imports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, New Zealand (X tons) was the key importer of phosphate rock, making up X% of total imports. It was distantly followed by Australia (X tons), mixing up a X% share of total imports.

From 2007 to 2020, the biggest increases were in New Zealand.

In value terms, New Zealand ($X) and Australia ($X) constituted the countries with the highest levels of imports in 2020.

Among the main importing countries, New Zealand recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

In 2020, the phosphate rock import price in Australia and Oceania amounted to $X per ton, falling by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 an increase of X% y-o-y. 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.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by New Zealand.

Source: IndexBox Platform