India: Phosphate Rock Market 2022

Phosphate Rock Market Size in India

After two years of growth, the Indian phosphate rock market decreased by -X% to $X in 2020. Over the period under review, consumption, however, recorded tangible growth. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Phosphate rock consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Phosphate Rock Production in India

In value terms, phosphate rock production soared to $X in 2020 estimated in export prices. Overall, production saw a noticeable decline. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Phosphate rock production peaked at $X in 2011; however, from 2012 to 2020, production remained at a lower figure.

Phosphate Rock Exports

Exports from India

Phosphate rock exports from India fell sharply to X tons in 2020, with a decrease of -X% compared with the previous year. In general, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2008; however, from 2009 to 2020, exports remained at a lower figure.

In value terms, phosphate rock exports reduced remarkably to $X in 2020. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, exports attained the peak of $X. from 2014 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Malaysia (X tons) was the main destination for phosphate rock exports from India, with a X% share of total exports. Moreover, phosphate rock exports to Malaysia exceeded the volume sent to the second major destination, Bangladesh (X tons), twofold. The third position in this ranking was occupied by Bhutan (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Malaysia amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+X% per year) and Bhutan (-X% per year).

In value terms, Malaysia ($X), the United States ($X) and Nepal ($X) appeared to be the largest markets for phosphate rock exported from India worldwide, together accounting for X% of total exports. These countries were followed by South Korea, Bhutan, Bangladesh and Thailand, which together accounted for a further X Korea (+X% per year) saw the highest rates of growth with regard to 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 phosphate rock export price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the export price, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2009 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per ton in 2011; however, from 2012 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States, while the prices for the other major destinations experienced more modest paces of growth.

Phosphate Rock Imports

Imports into India

In 2020, after two years of growth, there was significant decline in supplies from abroad of phosphate rock, when their volume decreased by -X% to X tons. In general, imports, however, continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2019, and then contracted significantly in the following year.

In value terms, phosphate rock imports reduced dramatically to $X in 2020. Over the period under review, imports, however, showed a notable increase. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

Jordan (X tons), Morocco (X tons) and Egypt (X tons) were the main suppliers of phosphate rock imports to India, together comprising X% of total imports. Togo and the United Arab Emirates lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Jordan ($X), Morocco ($X) and Egypt ($X) constituted the largest phosphate rock suppliers to India, with a combined X% share of total imports. Togo and the United Arab Emirates lagged somewhat behind, together accounting for a further X terms of the main suppliers, the United Arab Emirates (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average phosphate rock import price amounted to $X per ton, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Morocco ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform