Russian Federation: Phosphate Rock Market 2022

Phosphate Rock Market Size in the Russian Federation

In 2020, the Russian phosphate rock market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Phosphate Rock Production in the Russian Federation

In value terms, phosphate rock production contracted notably to $X in 2020 estimated in export prices. In general, production posted a perceptible expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2009 to 2020, production growth remained at a somewhat lower figure.

Phosphate Rock Exports

Exports from the Russian Federation

In 2020, overseas shipments of phosphate rock decreased by -X% to X tons, falling for the second year in a row after three years of growth. Over the period under review, total exports indicated a perceptible increase from 2007 to 2020: its volume increased 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. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X tons in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, phosphate rock exports fell remarkably to $X in 2020. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2009 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X tons), Belgium (X tons) and Norway (X tons) were the main destinations of phosphate rock exports from Russia, together accounting for X% of total exports.

From 2007 to 2020, the biggest increases were in Lithuania, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Lithuania ($X) and Norway ($X) were the largest markets for phosphate rock exported from Russia worldwide, with a combined X% share of total exports.

Among the main countries of destination, Norway recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average phosphate rock export price stood at $X per ton in 2020, shrinking by -X% against the previous year. In general, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

Average prices varied somewhat for the major export markets. In 2020, the highest prices were recorded for prices to Belgium ($X per ton) and Romania ($X per ton), while the average price for exports to Lithuania ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Norway, while the prices for the other major destinations experienced a decline.

Phosphate Rock Imports

Imports into the Russian Federation

In 2020, imports of phosphate rock into Russia surged to X tons, jumping by X% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Over the period under review, imports attained the maximum in 2020 and are expected to retain growth in the near future.

In value terms, phosphate rock imports reduced slightly to $X in 2020. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then dropped slightly in the following year.

Imports by Country

In 2020, Kazakhstan (X tons) was the main supplier of phosphate rock to Russia, with a X% share of total imports. Moreover, phosphate rock imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Morocco (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Kazakhstan amounted to +X%.

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

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

Import Prices by Country

In 2020, the average phosphate rock import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price, however, showed slight growth. The most prominent rate of growth was recorded in 2010 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2011 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Morocco ($X per ton), while the price for Kazakhstan amounted to $X per ton.

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

Source: IndexBox Platform