Global Phosphate Production Rate and Forecast
• Global phosphate rock production was estimated at approximately 220 million tons in 2021, representing a 0.5% increase over 2020.
• More recent data indicates that annual global production could reach 240 million tons.
Impact of Global Events on the Phosphate Market
• 2022 saw significant volatility in the phosphate market as a result of the Russia-Ukraine war.
• This war impacted Russia's exports of phosphate rock and fertilizers, causing disruptions and price increases.
Here is a list of the top 10 phosphate producing countries in 2023, according to Statista:
1. China: 90 million metric tons
2. Morocco: 35 million metric tons
3. United States: 20 million metric tons
4. Russia: 14 million metric tons
5. Jordan: 12 million metric tons
6. Saudi Arabia: 8.5 million metric tons
7. Brazil: 5.3 million metric tons
8. Egypt: 4.8 million metric tons
9. Peru: 4.2 million metric tons
10. Tunisia: 3.6 million metric tons
Here is a list of the top 10 countries with the highest phosphate reserves in 2023, according to World Population Review:
1. Morocco: 50 billion tons
2. Egypt: 2.8 billion tons
3. Tunisia: 2.5 billion tons
4. Algeria: 2.2 billion tons
5. China: 1.9 billion tons
6. Brazil: 1.6 billion tons
7. South Africa: 1.6 billion tons
8. Saudi Arabia: 1.4 billion tons
9. Australia: 1.1 billion tons
10. Jordan: 1 billion tons