Phosphoric Acid Market

Phosphoric acid market: enjoy new information enhanced by an Ai-driven market research platform. Data contain companies, production, market size, imports, market prices, consumption, exports, and trade. There is a split by region, including China, the U.K., Africa, the Middle East, the U.S., EU, Latin America, and Russia. Market dynamics and forecast to 2030 are also provided in the reports.


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Phosphoric Acid - World's Largest Markets

RatingCountry
1India
2China
3Japan
4United States
5Pakistan

In value terms, India, China and Japan were the countries with the highest levels of market value in 2020, together comprising 52% of the global market.

In terms of the main consuming countries, India saw the highest rates of growth with regard to market size, over the period under review, while phosphoric acid market for the other global leaders experienced more modest paces of growth.

Phosphoric Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Lebanon415388351-8.0%
Tunisia30829152630.7%
South Africa601729533-5.8%
Israel652613589-5.0%
Morocco716675621-6.9%
Jordan683637623-4.5%
Senegal647645629-1.4%
Mexico770765674-6.4%
United States51854172918.6%
Netherlands7197737492.1%
China769759755-0.9%
Belgium779784763-1.0%
Average658651650-0.6%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Belgium ($763 per ton), while Lebanon ($351 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Tunisia, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Pakistan67062188214.7%
Canada940928771-9.4%
Netherlands5585595781.8%
France679828566-8.7%
Italy672600561-8.6%
United States775711560-15.0%
India5555375580.3%
Belgium516491484-3.2%
Brazil530512451-7.8%
Spain486481431-5.8%
Turkey449427396-6.1%
Average607600597-0.8%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Pakistan ($882 per ton), while Turkey ($396 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Pakistan, while the other global leaders experienced more modest paces of growth.

Phosphoric Acid - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
India1.31.31.68.7%
Pakistan0.20.30.2-0.5%
Netherlands0.20.20.24.1%
United States0.20.20.26.1%
Belgium0.10.20.25.0%

In value terms, India ($1.6B) constitutes the largest market for imported phosphoric acid and polyphosphoric acids worldwide, comprising 40% of global imports. The second position in the ranking was occupied by Pakistan ($229M), with a 5.9% share of global imports. It was followed by the Netherlands, with a 5.8% share.

In India, phosphoric acid imports expanded at an average annual rate of +8.7% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (-0.5% per year) and the Netherlands (+4.1% per year).

Phosphoric Acid - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Morocco1.51.41.2-9.9%
Jordan0.10.30.470.4%
China0.50.40.4-9.6%
Senegal0.30.30.36.6%
Israel0.30.30.310.8%

In value terms, Morocco ($1.2B) remains the largest phosphoric acid supplier worldwide, comprising 31% of global exports. The second position in the ranking was occupied by Jordan ($408M), with a 11% share of global exports. It was followed by China, with a 9.6% share.

From 2018 to 2020, the average annual growth rate of value in Morocco amounted to -9.9%. In the other countries, the average annual rates were as follows: Jordan (+70.4% per year) and China (-9.6% per year).

Phosphoric Acid - Market Forecast

The phosphoric acid market is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.5% for the ten-year period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Phosphoric Acid - Product Coverage

  • HS 280920 - Phosphoric acid and polyphosphoric acids
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World - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global phosphoric acid market.

Eastern Asia - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Eastern Asia.

Southern Asia - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Southern Asia.

Africa - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Africa.

Latin America and the Caribbean - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Latin America and the Caribbean.

Central Asia - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Central Asia.

Australia and Oceania - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Australia and Oceania.

Middle East - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in the Middle East.

South-Eastern Asia - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in South-Eastern Asia.

Northern America - Phosphoric Acid and Polyphosphoric Acids - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the phosphoric acid market in Northern America.

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