U.S.: Phosphate Rock Market 2022

Phosphate Rock Market Size in the U.S.

The U.S. phosphate rock market dropped remarkably to $X in 2020, which is down by -X% against the previous year. In general, the total consumption indicated a modest 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 growth pace was the most rapid in 2015 when the market value increased by X% against the previous year. Phosphate rock consumption peaked at $X in 2019, and then plummeted in the following year.

Phosphate Rock Production in the U.S.

In value terms, phosphate rock production reduced rapidly to $X in 2020. In general, production posted a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% y-o-y. Phosphate rock production peaked at $X in 2019, and then shrank sharply in the following year.

Phosphate Rock Exports

Exports from the U.S.

In 2020, shipments abroad of phosphate rock increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports, however, saw a sharp downturn. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Exports peaked at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, phosphate rock exports declined sharply to $X in 2020. Over the period under review, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the maximum at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Canada (X tons) was the main destination for phosphate rock exports from the United States, with a X% share of total exports. Moreover, phosphate rock exports to Canada exceeded the volume sent to the second major destination, the UK (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Canada amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-X% per year) and Australia (-X% per year).

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

From 2007 to 2020, the average annual growth rate of value to Canada stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+X% per year) and Australia (-X% per year).

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, shrinking by -X% against the previous year. Overall, the export price, however, showed a significant expansion. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per ton in 2019, and then shrank significantly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Australia ($X per ton), while the average price for exports to Canada ($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 Australia, while the prices for the other major destinations experienced more modest paces of growth.

Phosphate Rock Imports

Imports into the U.S.

Phosphate rock imports into the United States skyrocketed to X tons in 2020, jumping by X% compared with the previous year. Overall, total imports indicated perceptible growth from 2007 to 2020: its volume increased 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. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at X tons in 2011; however, from 2012 to 2020, imports remained at a lower figure.

In value terms, phosphate rock imports dropped slightly to $X in 2020. Over the period under review, imports showed a moderate expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. As a result, imports reached the peak of $X. from 2012 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, Peru (X tons) was the main supplier of phosphate rock to the United States, with a X% share of total imports. Moreover, phosphate rock imports from Peru 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 Peru stood at +X%.

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

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

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, dropping by -X% against the previous year. In general, the import price, however, recorded 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 stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, the country with the highest price was Morocco ($X per ton), while the price for Peru 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