France: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in France

In 2022, the French phosphoric acid market increased by 24% to $X, rising for the third year in a row after four years of decline. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.1% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Phosphoric Acid Production in France

In value terms, phosphoric acid production rose notably to $X in 2022 estimated in export price. In general, production saw buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 56% against the previous year. Phosphoric acid production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Phosphoric Acid Exports

Exports from France

After two years of growth, overseas shipments of phosphoric acid and polyphosphoric acids decreased by -52% to X tons in 2022. In general, exports saw a pronounced decline. The pace of growth appeared the most rapid in 2016 when exports increased by 146% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports stood at $X in 2022. Overall, exports showed a perceptible setback. The growth pace was the most rapid in 2014 when exports increased by 65% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), Italy (X tons) and Germany (X tons) were the main destinations of phosphoric acid exports from France, with a combined 67% share of total exports. Spain, Switzerland, Turkey, Algeria, the UK and Ireland lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Algeria (with a CAGR of +33.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Belgium ($X) were the largest markets for phosphoric acid exported from France worldwide, together accounting for 60% of total exports. Switzerland, Spain, Ireland, the UK, Algeria and Turkey lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Algeria, with a CAGR of +43.7%, recorded the highest growth rate of 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 average phosphoric acid export price stood at $X per ton in 2022, surging by 114% against the previous year. Over the period under review, the export price posted a slight increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 115%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into France

After two years of growth, supplies from abroad of phosphoric acid and polyphosphoric acids decreased by -10.9% to X tons in 2022. Overall, imports saw a mild decline. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, phosphoric acid imports soared to $X in 2022. Over the period under review, imports, however, posted a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Morocco (X tons), Belgium (X tons) and Tunisia (X tons) were the main suppliers of phosphoric acid imports to France, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +1.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest phosphoric acid suppliers to France were Belgium ($X), Morocco ($X) and Tunisia ($X), together accounting for 79% of total imports.

Belgium, with a CAGR of +7.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average phosphoric acid import price amounted to $X per ton, jumping by 70% against the previous year. Overall, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2018 an increase of 91%. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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