CIS: Phosphate Rock Market 2022

Phosphate Rock Market Size in CIS

In 2020, the CIS phosphate rock market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Phosphate Rock Production in CIS

In value terms, phosphate rock production contracted to $X in 2020 estimated in export prices. The total production indicated mild growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Production By Country in CIS

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

From 2007 to 2020, the average annual growth rate of volume in Russia was relatively modest. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Phosphate Rock Exports

Exports in CIS

In 2020, overseas shipments of phosphate rock decreased by -X% to X tons, falling for the second consecutive year after three years of growth. Total exports indicated a strong expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2018; however, from 2019 to 2020, exports remained at a lower figure.

In value terms, phosphate rock exports reduced remarkably to $X in 2020. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous 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

Russia was the main exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Kazakhstan (X tons), constituting a X% share of total exports. Uzbekistan (X tons) took a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to phosphate rock exports from Russia stood at +X%. At the same time, Uzbekistan (+X%) and Kazakhstan (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +X% from 2007-2020. While the share of Kazakhstan (+X p.p.) and Uzbekistan (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Russia (-X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest phosphate rock supplier in the CIS, comprising X% of total exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total exports.

In Russia, 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: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Export Prices by Country

The phosphate rock export price in the CIS stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2011 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

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

In 2020, supplies from abroad of phosphate rock increased by X% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the maximum in 2020 and are likely to see gradual growth in the near future.

In value terms, phosphate rock imports fell to $X in 2020. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

The purchases of the two major importers of phosphate rock, namely Belarus and Russia, represented more than two-thirds of total import.

From 2007 to 2020, the biggest increases were in Russia.

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

Among the main importing countries, Russia saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2020, the phosphate rock import price in the CIS amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when the import price increased by X% y-o-y. The level of import peaked 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 Belarus ($X per ton), while Russia amounted to $X per ton.

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

Source: IndexBox Platform