United Kingdom: Phosphate Rock Market 2022

Phosphate Rock Market Size in the UK

The UK phosphate rock market declined significantly to $X in 2020, which is down by -X% against the previous year. Overall, consumption recorded a sharp slump. The pace of growth appeared the most rapid in 2019 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

Phosphate Rock Production in the UK

In value terms, phosphate rock production reduced to $X in 2020 estimated in export prices. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2014 to 2020, production growth remained at a lower figure.

Phosphate Rock Exports

Exports from the UK

In 2020, shipments abroad of phosphate rock increased by X% to X tons, rising for the third year in a row after nine years of decline. Overall, exports saw a relatively flat trend pattern. Exports peaked at X tons in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, phosphate rock exports soared to $X in 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, exports hit record highs at $X in 2008; however, from 2009 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for phosphate rock exports from the UK, with a X% share of total exports. Moreover, phosphate rock exports to Ireland exceeded the volume sent to the second major destination, France (X tons), tenfold. Germany (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2007 to 2020, the average annual rate of growth in terms of value to Ireland amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Norway (+X% per year).

Export Prices by Country

The average phosphate rock export price stood at $X per ton in 2020, falling by -X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2014 to 2020, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Norway ($X per ton), while the average price for exports to South Africa ($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 South Africa, while the prices for the other major destinations experienced a decline.

Phosphate Rock Imports

Imports into the UK

In 2020, purchases abroad of phosphate rock increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, saw a sharp contraction. Over the period under review, imports hit record highs at X tons in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, phosphate rock imports fell to $X in 2020. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

The United States (X tons), Morocco (X tons) and China (X tons) were the main suppliers of phosphate rock imports to the UK, together accounting for X% of total imports.

From 2007 to 2020, the biggest increases were in Morocco (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from the United States stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, waning by -X% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019, and then reduced rapidly in the following year.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United States, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform