Japan: Phosphate Rock Market 2022

Phosphate Rock Market Size in Japan

The Japanese phosphate rock market declined sharply to $X in 2020, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Over the period under review, the market hit record highs at $X in 2008; however, from 2009 to 2020, consumption failed to regain the momentum.

Phosphate Rock Exports

Exports from Japan

In 2020, shipments abroad of phosphate rock decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Exports peaked at X tons in 2010; however, from 2011 to 2020, exports remained at a lower figure.

In value terms, phosphate rock exports reduced notably to $X in 2020. Over the period under review, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2015 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for phosphate rock exports from Japan, with a X% share of total exports. Moreover, phosphate rock exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), eightfold.

From 2007 to 2020, the average annual growth rate of volume to the United States stood at -X%.

In value terms, South Korea ($X) remains the key foreign market for phosphate rock exports from Japan, comprising X% of total exports. The second position in the ranking was occupied by the United States ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to South Korea stood at +X%.

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price saw a drastic downturn. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per ton in 2007; however, from 2008 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea.

Phosphate Rock Imports

Imports into Japan

Phosphate rock imports into Japan declined remarkably to X tons in 2020, which is down by -X% on 2019 figures. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Over the period under review, imports attained the maximum at X tons in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

In value terms, phosphate rock imports dropped notably to $X in 2020. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2011 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

Imports by Country

China (X tons), South Africa (X tons) and Morocco (X tons) were the main suppliers of phosphate rock imports to Japan, together comprising X% of total imports. Jordan, Vietnam and Israel 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 Israel, while imports for the other leaders experienced a decline.

In value terms, China ($X), South Africa ($X) and Jordan ($X) appeared to be the largest phosphate rock suppliers to Japan, together comprising X% of total imports. Morocco, Vietnam and Israel lagged somewhat behind, together comprising a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, increasing by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform