EU: Phosphate Rock Market 2022

Phosphate Rock Market Size in the EU

The EU phosphate rock market stood at $X in 2020, remaining relatively unchanged against the previous year. Overall, consumption showed a pronounced decrease. The pace of growth was the most pronounced in 2008 when the market value increased by X% y-o-y. 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 the EU

In value terms, phosphate rock production fell to $X in 2020 estimated in export prices. Over the period under review, production posted prominent growth. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of production peaked at $X in 2017; however, from 2018 to 2020, production failed to regain the momentum.

Production By Country in the EU

The country with the largest volume of phosphate rock production was Finland (X tons), comprising approx. X% of total volume.

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

Phosphate Rock Exports

Exports in the EU

In 2020, shipments abroad of phosphate rock was finally on the rise to reach X tons for the first time since 2016, thus ending a three-year declining trend. Total exports indicated a tangible 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. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, phosphate rock exports skyrocketed to $X in 2020. In general, exports saw a measured expansion. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

Exports by Country

Finland (X tons), Slovenia (X tons) and the Netherlands (X tons) represented roughly X% of total exports of phosphate rock in 2020. Belgium (X tons) held a X% share (based on tons) of total exports, which put it in second place, followed by Austria (X%). Italy (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Slovenia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), the Netherlands ($X) and Finland ($X) were the countries with the highest levels of exports in 2020, together accounting for X% of total exports.

In terms of the main exporting countries, Slovenia (+X% per year) recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The phosphate rock export price in the European Union stood at $X per ton in 2020, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 when the export price increased by X% y-o-y. Over the period under review, export prices attained the maximum at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

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

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

Phosphate Rock Imports

Imports in the EU

In 2020, approx. X tons of phosphate rock were imported in the European Union; picking up by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, phosphate rock imports stood at $X in 2020. Overall, imports, however, continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. 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), Poland (X tons) and Belgium (X tons) represented roughly X% of total imports of phosphate rock in 2020. The Netherlands (X tons) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Bulgaria (X%), Spain (X%) and Greece (X%).

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

In value terms, Lithuania ($X), Belgium ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2020, with a combined X% share of total imports. These countries were followed by the Netherlands, Spain, Bulgaria and Greece, which together accounted for a further X the main importing countries, Greece saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The phosphate rock import price in the European Union stood at $X per ton in 2020, approximately equating the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous 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 Belgium ($X per ton), while Greece ($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 mixed trends in the import price figures.

Source: IndexBox Platform