Pakistan: Phosphate Rock Market 2022

Phosphate Rock Market Size in Pakistan

In 2020, the Pakistani phosphate rock market was finally on the rise to reach $X for the first time since 2015, thus ending a four-year declining trend. Over the period under review, the total consumption indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

Phosphate Rock Production in Pakistan

In value terms, phosphate rock production fell dramatically to $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2020, production stood at a somewhat lower figure.

Phosphate Rock Exports

Exports from Pakistan

In 2020, the amount of phosphate rock exported from Pakistan soared to X tons, jumping by X% on the previous year. Over the period under review, exports showed a strong increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, phosphate rock exports surged to $X in 2020. Overall, exports posted a prominent increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia (X tons) was the main destination for phosphate rock exports from Pakistan, with a X% share of total exports. Moreover, phosphate rock exports to Malaysia exceeded the volume sent to the second major destination, South Korea (X tons), more than tenfold.

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: South Korea (+X% per year) and Spain (X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Malaysia totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+X% per year) and Spain (X% per year).

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, waning by -X% against the previous year. In general, the export price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2020, the country with the highest price was South Korea ($X per ton), while the average price for exports to Malaysia ($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 Spain, while the prices for the other major destinations experienced a decline.

Phosphate Rock Imports

Imports into Pakistan

In 2020, purchases abroad of phosphate rock increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, phosphate rock imports skyrocketed to $X in 2020. Over the period under review, total imports indicated a pronounced expansion from 2007 to 2020: its value decreased 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. The most prominent rate of growth was recorded in 2015 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2016 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Morocco (X tons) constituted the largest supplier of phosphate rock to Pakistan, with a X% share of total imports. Moreover, phosphate rock imports from Morocco exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Morocco amounted to -X%.

In value terms, Morocco ($X) constituted the largest supplier of phosphate rock to Pakistan, comprising X% of total imports. The second position in the ranking was occupied by Egypt ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Morocco totaled +X%.

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 enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2017; however, from 2018 to 2020, import prices remained at a lower figure.

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 stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Morocco.

Source: IndexBox Platform