Eastern Asia: Phosphate Rock Market 2022

Phosphate Rock Market Size in Eastern Asia

For the fourth consecutive year, the East Asian phosphate rock market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption posted a buoyant expansion. The pace of growth was the most pronounced in 2011 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is likely to see steady growth in years to come.

Phosphate Rock Production in Eastern Asia

In value terms, phosphate rock production rose modestly to $X in 2020 estimated in export prices. Over the period under review, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in years to come.

Production By Country in Eastern Asia

The country with the largest volume of phosphate rock production was China (X tons), accounting for X% of total volume.

In China, phosphate rock production expanded at an average annual rate of +X% over the period from 2007-2020.

Phosphate Rock Exports

Exports in Eastern Asia

After two years of decline, shipments abroad of phosphate rock increased by X% to X tons in 2020. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. from 2011 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, phosphate rock exports declined notably to $X in 2020. In general, exports, however, showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2011; however, from 2012 to 2020, exports failed to regain the momentum.

Exports by Country

The shipments of the one major exporters of phosphate rock, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the phosphate rock exports, with a CAGR of -X% from 2007 to 2020. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest phosphate rock supplier in Eastern Asia.

In China, phosphate rock exports shrank by an average annual rate of -X% over the period from 2007-2020.

Export Prices by Country

In 2020, the phosphate rock export price in Eastern Asia amounted to $X per ton, declining by -X% against the previous year. In general, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2008 when the export price increased by X% y-o-y. The level of export peaked at $X per ton in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2007 to 2020, the rate of growth in terms of prices for China amounted to -X% per year.

Phosphate Rock Imports

Imports in Eastern Asia

In 2020, after four years of growth, there was significant decline in overseas purchases of phosphate rock, when their volume decreased by -X% to X tons. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. The volume of import peaked at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, phosphate rock imports fell dramatically to $X in 2020. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. from 2009 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, South Korea (X tons) represented the key importer of phosphate rock, mixing up X% of total imports. Japan (X tons) held an X% share (based on tons) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and China (X%).

Imports into South Korea decreased at an average annual rate of -X% from 2007 to 2020. At the same time, China (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Taiwan (Chinese) (-X%) and Japan (-X%) illustrated a downward trend over the same period. South Korea (+X p.p.), Taiwan (Chinese) (+X p.p.) and China (+X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -X% from 2007 to 2020, respectively.

In value terms, the largest phosphate rock importing markets in Eastern Asia were South Korea ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. These countries were followed by China, which accounted for a further X recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2020, the phosphate rock import price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a mild descent. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. The level of import peaked at $X per ton in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

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Source: IndexBox Platform