Eastern Europe: Phosphate Rock Market 2022

Phosphate Rock Market Size in Eastern Europe

In 2020, after two years of growth, there was decline in the East European phosphate rock market, when its value decreased by -X% to $X. In general, consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, consumption reached the peak level of $X. from 2009 to 2020, the growth of the market remained at a somewhat lower figure.

Phosphate Rock Production in Eastern Europe

In value terms, phosphate rock production fell notably to $X in 2020 estimated in export prices. Overall, production enjoyed pronounced growth. The growth pace was the most rapid in 2008 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2009 to 2020, production growth failed to regain the momentum.

Production By Country in Eastern Europe

The country with the largest volume of phosphate rock production was Russia (X tons), accounting for X% of total volume.

From 2007 to 2020, the average annual growth rate of volume in Russia was relatively modest.

Phosphate Rock Exports

Exports in Eastern Europe

In 2020, overseas shipments of phosphate rock decreased by -X% to X tons, falling for the third consecutive year after two years of growth. Total exports indicated a temperate expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, phosphate rock exports fell rapidly to $X in 2020. In general, exports, however, recorded a relatively flat trend pattern. 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 lower figure.

Exports by Country

The shipments of the one major exporters of phosphate rock, namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the phosphate rock exports, with a CAGR of +X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest phosphate rock supplier in Eastern Europe.

In Russia, phosphate rock exports remained relatively stable over the period from 2007-2020.

Export Prices by Country

The phosphate rock export price in Eastern Europe stood at $X per ton in 2020, which is down by -X% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2011 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 failed to regain the momentum.

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

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

Phosphate Rock Imports

Imports in Eastern Europe

In 2020, overseas purchases of phosphate rock decreased by -X% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, phosphate rock imports contracted remarkably to $X in 2020. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Lithuania (X tons) and Poland (X tons) represented roughly X% of total imports of phosphate rock in 2020. Belarus (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Russia (X%), Bulgaria (X%) and Ukraine (X%).

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia, while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Lithuania ($X), Poland ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2020, with a combined X% share of total imports. Russia, Bulgaria and Ukraine lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, among 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

The phosphate rock import price in Eastern Europe stood at $X per ton in 2020, shrinking by -X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 when the import price increased by X% year-to-year. 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 Belarus ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform