Global Phosphate Rock Market 2022

Phosphate Rock Market Size

In 2020, after three years of growth, there was decline in the global phosphate rock market, when its value decreased by -X% to $X. Over the period under review, the total consumption indicated a moderate expansion from 2007 to 2020: its value 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, consumption increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2011 when the market value increased by X% against the previous year. Global consumption peaked at $X in 2019, and then dropped in the following year.

Phosphate Rock Production

In value terms, phosphate rock production shrank to $X in 2020 estimated in export prices. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Global production peaked at $X in 2019, and then shrank in the following year.

Production By Country

China (X tons) remains the largest phosphate rock producing country worldwide, accounting for X% of total volume. Moreover, phosphate rock production in China exceeded the figures recorded by the second-largest producer, Morocco (X tons), eightfold. The third position in this ranking was occupied by the United States (X tons), with a X% share.

In China, phosphate rock production increased at an average annual rate of +X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Morocco (+X% per year) and the United States (-X% per year).

Phosphate Rock Exports

Exports

In 2020, overseas shipments of phosphate rock increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a pronounced expansion 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, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% y-o-y. As a result, exports reached the peak of X tons. from 2009 to 2020, the growth of global exports failed to regain the momentum.

In value terms, phosphate rock exports reduced to $X in 2020. Overall, exports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth of global exports remained at a lower figure.

Exports by Country

Morocco was the major exporting country with an export of about X tons, which recorded X% of total exports. Jordan (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Egypt (X%), Peru (X%) and Russia (X%). The following exporters - Togo (X tons) and Kazakhstan (X tons) - together made up X% of total exports.

Exports from Morocco increased at an average annual rate of +X% from 2007 to 2020. At the same time, Kazakhstan (+X%), Egypt (+X%), Russia (+X%), Togo (+X%), Peru (+X%) and Jordan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of Morocco, Egypt and Kazakhstan increased by +X%, +X% and +X% percentage points, while Jordan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest phosphate rock supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Jordan ($X), with a X% share of global exports. It was followed by Russia, with a X% share.

In Morocco, phosphate rock exports declined by an average annual rate of -X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Jordan (+X% per year) and Russia (-X% per year).

Export Prices by Country

The average phosphate rock export price stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price showed a perceptible slump. The pace of growth was the most pronounced in 2011 an increase of X% y-o-y. Global export price peaked at $X per ton in 2008; however, from 2009 to 2020, export prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Togo, while the other global leaders experienced mixed trends in the export price figures.

Phosphate Rock Imports

Imports

In 2020, supplies from abroad of phosphate rock decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth of global imports failed to regain the momentum.

In value terms, phosphate rock imports fell to $X in 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. from 2009 to 2020, the growth of global imports failed to regain the momentum.

Imports by Country

India represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by the United States (X tons), Mexico (X tons), Brazil (X tons) and Lithuania (X tons), together mixing up a X% share of total imports. Poland (X tons), Turkey (X tons), Belgium (X tons), Serbia (X tons), Belarus (X tons), Russia (X tons), South Korea (X tons) and New Zealand (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +X% from 2007 to 2020. At the same time, Serbia (+X%), Russia (+X%), Mexico (+X%), Turkey (+X%), Belarus (+X%), the United States (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Belgium, Lithuania and Poland experienced a relatively flat trend pattern. By contrast, New Zealand (-X%) and South Korea (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Mexico, Serbia, the United States, Russia and Turkey increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while South Korea (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported phosphate rock worldwide, comprising X% of global imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of global imports. It was followed by the United States, with a X% share.

In India, phosphate rock imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and the United States (+X% per year).

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 when the average import price increased by X% y-o-y. Global import price peaked at $X per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Belgium ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Brazil, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform