India: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in India

The Indian dicalcium phosphate market contracted remarkably to $X in 2021, with a decrease of -88.1% against the previous year. In general, consumption saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2020, and then contracted remarkably in the following year.

Dicalcium Phosphate Production in India

In value terms, dicalcium phosphate production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 39%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Dicalcium Phosphate Exports

Exports from India

For the sixth year in a row, India recorded growth in shipments abroad of calcium hydrogenorthophosphate (dicalcium phosphate), which increased by 64% to X tons in 2021. Overall, exports continue to indicate a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, dicalcium phosphate exports skyrocketed to $X in 2021. In general, exports posted a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Bangladesh (X tons) and Germany (X tons) were the main destinations of dicalcium phosphate exports from India, together accounting for 34% of total exports. Nepal, Nigeria, Malaysia, South Africa, Bhutan, Kenya, Tanzania, Pakistan and Japan lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Kenya (with a CAGR of +87.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Malaysia ($X) were the largest markets for dicalcium phosphate exported from India worldwide, together comprising 41% of total exports. Nigeria, Bangladesh, South Africa, Nepal, Pakistan, Kenya, Tanzania, Bhutan and Japan lagged somewhat behind, together accounting for a further 19%.

Kenya, with a CAGR of +92.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average dicalcium phosphate export price stood at $X per ton in 2021, picking up by 8.2% against the previous year. Overall, the export price, however, recorded a slight setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Dicalcium Phosphate Imports

Imports into India

Dicalcium phosphate imports into India declined remarkably to X tons in 2021, waning by -80.4% compared with the previous year. Over the period under review, imports, however, saw moderate growth. The most prominent rate of growth was recorded in 2018 when imports increased by 177% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2020, and then reduced notably in the following year.

In value terms, dicalcium phosphate imports shrank dramatically to $X in 2021. In general, imports, however, recorded a mild increase. The growth pace was the most rapid in 2018 when imports increased by 69%. Over the period under review, imports hit record highs at $X in 2020, and then contracted notably in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of dicalcium phosphate to India, accounting for a 34% share of total imports. Moreover, dicalcium phosphate imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Germany (+3.7% per year).

In value terms, the United States ($X) constituted the largest supplier of calcium hydrogenorthophosphate (dicalcium phosphate) to India, comprising 35% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+27.5% per year) and China (-7.5% per year).

Import Prices by Country

The average dicalcium phosphate import price stood at $X per ton in 2021, surging by 116% against the previous year. Overall, the import price, however, continues to indicate a pronounced slump. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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