Greece: Phosphate Market Overview 2020

Phosphate Market Size in Greece

The revenue of the phosphate market in Greece amounted to $X in 2017, going down by -X% against the previous year. Overall, phosphate consumption continues to indicate a precipitous downturn. The pace of growth was the most pronounced in 2014, when market value increased by X% against the previous year. Over the period under review, the phosphate market reached its peak figure level of $X in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Phosphate Production in Greece

In 2017, the amount of natural phosphates (p2o5 content) produced in Greece stood at X tonnes, shrinking by -X% against the previous year. Overall, phosphate production continues to indicate a dramatic decline. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. Over the period under review, the phosphate production attained its peak figure volume of X tonnes in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

Phosphate Exports from Greece

In 2017, phosphate exports from Greece amounted to X tonnes, rising by X% against the previous year. In general, phosphate exports continue to indicate an outstanding increase. The growth pace was the most rapid in 2017, with an increase of X% year-to-year. In that year, the phosphate exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, phosphate exports stood at $X in 2017. Overall, phosphate exports continue to indicate an outstanding growth. In that year, the phosphate exports reached their peak level, and are likely to continue its growth in the immediate term.

Phosphate Exports by Country from Greece

The exports of the four major exporters of natural phosphates (p2o5 content), namely Morocco, Jordan, Russia and Peru, represented more than two-thirds of total export. Algeria (X tonnes), China (X tonnes) and Senegal (X tonnes) took the slight share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Senegal (+X% per year), while the other leaders experienced more modest paces of growth.

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

From 2007 to 2017, the average annual rate of growth in terms of value in Morocco was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Jordan (+X% per year) and Russia (+X% per year).

Phosphate Export Prices by Country in Greece

In 2017, the phosphate export price in Greece amounted to $X per tonne, waning by -X% against the previous year. Overall, phosphate export price continues to indicate a measured drop. The most prominent rate of growth was recorded in 2012, an increase of -X% y-o-y. Over the period under review, the export prices for natural phosphates (p2o5 content) attained its peak figure level of $X per tonne in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Algeria ($X per tonne), while Peru ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Phosphate Imports into Greece

In 2017, approx. X tonnes of natural phosphates (p2o5 content) were imported into Greece; dropping by -X% against the previous year. In general, phosphate imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013, when imports increased by X% y-o-y. Over the period under review, the phosphate imports reached its peak figure volume of X tonnes in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

In value terms, phosphate imports stood at $X in 2017. In general, the total imports indicated a remarkable increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the phosphate imports decreased by -X% against 2015 indices. Over the period under review, the phosphate imports attained its peak figure level of $X in 2011; however, from 2012 to 2017, it failed to regain its momentum.

Phosphate Imports by Country into Greece

In 2017, India (X tonnes), distantly followed by South Korea (X tonnes), Indonesia (X tonnes), the U.S. (X tonnes), Lithuania (X tonnes) and Brazil (X tonnes) represented the key importers of natural phosphates (p2o5 content), together mixed up X% of total imports. Belgium (X tonnes), Mexico (X tonnes), Poland (X tonnes), Turkey (X tonnes), Belarus (X tonnes) and New Zealand (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to phosphate imports into India stood at +X%. At the same time, Indonesia (+X%), the U.S. (+X%), Turkey (+X%), Mexico (+X%), Belarus (+X%), Lithuania (+X%) and Brazil (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. Belgium experienced a relatively flat trend pattern. By contrast, New Zealand (-X%), Poland (-X%) and South Korea (-X%) illustrated a downward trend over the same period. While the share of South Korea (X%) increased significantly in terms of the global imports from 2007-2017, the share of Lithuania (-X%), Mexico (-X%), the U.S. (-X%), Indonesia (-X%) and India (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported natural phosphates (p2o5 content) into Greece, making up X% of global imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of global imports. It was followed by the U.S., with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and the U.S. (+X% per year).

Phosphate Import Prices by Country in Greece

In 2017, the phosphate import price in Greece amounted to $X per tonne, growing by X% against the previous year. In general, phosphate import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011, when the import prices increased by X% against the previous year. Over the period under review, the import prices for natural phosphates (p2o5 content) attained its peak figure level of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was India ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by South Korea (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform