Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate) Market

The article analyzes the global market for phosphates and polyphosphates, forecasting a positive consumption trend with an expected CAGR of +4.4% in volume and +8.1% in value terms from 2022 to 2030. Key consuming countries include China, the United States, and India. Production trends, import dynamics, and export statistics are also examined in detail, highlighting significant growth in certain regions. Overall, the market shows promising growth prospects over the next decade.

Market Forecast

Driven by increasing demand for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 13M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +8.1% for the period from 2022 to 2030, which is projected to bring the market value to $23.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Global consumption of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) contracted to 9.4M tons in 2022, shrinking by -1.9% against 2021. The total consumption volume increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 10M tons in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

The value of the market for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) worldwide totaled $12.8B in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $14B in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (2.1M tons), the United States (1.2M tons) and India (841K tons), together accounting for 45% of global consumption. Pakistan, Japan, Brazil, Russia, Mexico, Germany, South Africa, Canada, Lithuania and France lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of triphosphate), amongst the key consuming countries, was attained by South Africa (with a CAGR of +21.3%), while triphosphate) for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($3.4B), India ($1.8B) and China ($1.8B) were the countries with the highest levels of market value in 2022, with a combined 55% share of the global market. The United States, Mexico, Canada, Brazil, France, Germany, Russia, Pakistan, Lithuania and South Africa lagged somewhat behind, together comprising a further 22%.

South Africa, with a CAGR of +17.9%, saw the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while triphosphate) for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of per capita consumption of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) was registered in Lithuania (67 kg per 1000 persons), followed by Canada (4.8 kg per 1000 persons), the United States (3.7 kg per 1000 persons) and South Africa (3.2 kg per 1000 persons), while the world average per capita consumption of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) was estimated at 1.2 kg per 1000 persons.

In Lithuania, per capita consumption of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased at an average annual rate of +9.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+5.2% per year) and the United States (+2.8% per year).

Production

World Production of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

In 2022, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by 1.8% to 10M tons, rising for the second consecutive year after three years of decline. The total output volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 24% against the previous year. Global production peaked at 11M tons in 2017; however, from 2018 to 2022, production failed to regain momentum.

In value terms, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) reduced slightly to $12.8B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 18% against the previous year. Global production peaked at $14.2B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

China (2.9M tons) constituted the country with the largest volume of production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), comprising approx. 29% of total volume. Moreover, production of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) in China exceeded the figures recorded by the second-largest producer, the United States (1.3M tons), twofold. India (758K tons) ranked third in terms of total production with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to +8.1%. The remaining producing countries recorded the following average annual rates of production growth: the United States (+1.3% per year) and India (+7.4% per year).

Imports

World Imports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

In 2022, after ten years of growth, there was significant decline in purchases abroad of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), when their volume decreased by -6.2% to 2.8M tons. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 7% against the previous year. Over the period under review, global imports of attained the peak figure at 3M tons in 2021, and then contracted in the following year.

In value terms, imports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) skyrocketed to $4.2B in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +97.2% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The purchases of the three major importers of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), namely the Netherlands, Germany and the United States, represented more than 0.0% of total import. The following importers - Malaysia (108K tons), the UK (102K tons), Brazil (91K tons), India (87K tons), France (86K tons), Poland (86K tons), Spain (74K tons), Belgium (64K tons), Indonesia (63K tons) and Denmark (63K tons) - together made up 29% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +10.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) importing markets worldwide were the United States ($345M), the Netherlands ($259M) and Germany ($229M), together accounting for 20% of global imports. The UK, France, Poland, Brazil, Spain, Belgium, India, Malaysia, Indonesia and Denmark lagged somewhat behind, together comprising a further 27%.

Among the main importing countries, India, with a CAGR of +12.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average import price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) amounted to $1,479 per ton, growing by 48% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by +79.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($2,121 per ton), while Malaysia ($787 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+10.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Phosphates and Polyphosphates (Excluding Calcium Hydrogenorthophosphate, Mono- Or Disodium Phosphate, Sodium Triphosphate)

Global exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) rose significantly to 3.5M tons in 2022, surging by 5.2% against 2021 figures. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when exports increased by 33%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) surged to $4.1B in 2022. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2022, China (840K tons), distantly followed by Russia (455K tons), South Africa (340K tons), Finland (245K tons) and the United States (239K tons) were the largest exporters of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate), together making up 61% of total exports. Germany (140K tons), the Netherlands (119K tons), Turkey (114K tons), Tunisia (113K tons), Morocco (99K tons), Spain (73K tons), France (72K tons) and Lithuania (70K tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +163.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.2B) remains the largest phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) supplier worldwide, comprising 29% of global exports. The second position in the ranking was taken by Germany ($438M), with an 11% share of global exports. It was followed by the United States, with an 8% share.

In China, exports of phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) expanded at an average annual rate of +11.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+3.0% per year) and the United States (+1.7% per year).

Export Prices By Country

The average export price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) stood at $1,183 per ton in 2022, increasing by 33% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for phosphates and polyphosphates (excluding calcium hydrogenorthophosphate, mono- or disodium phosphate, sodium triphosphate) increased by +69.1% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($3,128 per ton), while South Africa ($231 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform