The price of phosphate rock, which is used in the production of phosphate fertilizers, stood at 322 U.S. dollars per metric ton in 2023, denoting a considerable increase in recent years.

The phosphorus acid prices in the United States for Q3 2024 reached 1920 USD/MT in September. The region saw a rise in prices, driven by strong downstream demand and rising feedstock costs. Supply chain disruptions, including those from plant shutdowns during hurricane season, reinforced this upward price movement as the market remained bullish.

Di-ammonium increased 37.50 USD/T or 6.49% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Di-ammonium Phosphate.

Graph and download economic data for Producer Price Index by Industry: Phosphatic Fertilizer Manufacturing: Phosphoric Acid, Superphosphates, and Other Phosphatic Fertilizer Materials (PCU325312325312A) from Dec 2009 to Feb 2025 about fertilizers, materials, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The price of diammonium phosphate (DAP) reached 550 U.S. dollars per metric ton in 2023, according to the latest available data. It is projected that DAP prices will fluctuate in the coming years, with an estimated price of 600 U.S. dollars per metric ton in 2024, followed by a decrease to 550 U.S. dollars per metric ton in 2025. The increase in DAP prices in 2022 can be attributed to several factors, such as high demand from downstream fertilizer markets, short supply of feedstock ammonia and phosphate rock, rising energy costs, labor issues, and port congestion that limited the availability of imports from Asia and the USA.

During the last quarter of 2024, the yellow phosphorus prices in the Japan reached 4087 USD/MT in December. In Q4 2024, there were significant price changes in Japan's yellow phosphorus market due to shifting industrial demand and supply situations. Slow phosphorus chloride use and excess inventory caused price drops in October. By November, a major Vietnamese producer's supply shortage caused prices to spike.

Explore IMARC’s newly published report, titled “Yellow Phosphorus Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of yellow phosphorus pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The price trend for phosphorus trichloride in China for Q3 2024 settled at 915 USD/MT in September. The market witnessed a steady drop in prices driven by a downturn in demand across the agricultural and agrochemical industries. Supply-demand imbalances, weaker procurement activity, and falling upstream phosphoric acid prices contributed to the downward trend, reflecting a challenging environment shaped by subdued market conditions and pricing pressures.

Explore IMARC’s newly published report, titled “Phosphorus Trichloride Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of phosphorus trichloride pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Global fertilizer prices experienced significant volatility in 2022, with diammonium phosphate (DAP) reaching a peak of 954 U.S. dollars per metric ton in April before declining to 625 U.S. dollars by December. In the lead up to the Russian invasion of Ukraine urea fertilizer prices more than doubled from September to November of 2021.

The global phosphorus ore market is experiencing robust growth, driven by increasing demand from key sectors like agriculture (fertilizers), pharmaceuticals (bone grafts and drug delivery systems), and the chemical industry (food additives and detergents). The market, valued at approximately $15 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value of over $23 billion by 2033. This growth is fueled by rising global populations necessitating increased food production, advancements in pharmaceutical applications utilizing phosphorus compounds, and the expanding chemical industry. Key trends include a focus on sustainable mining practices to mitigate environmental impact and the development of innovative phosphorus recovery and recycling technologies to address resource scarcity concerns. Despite these positive drivers, the market faces challenges. Fluctuations in raw material prices, stringent environmental regulations concerning phosphate mining and its related pollution, and geopolitical instability in major phosphorus-producing regions represent significant restraints on market expansion. The market is segmented by application (agricultural, pharmaceutical, chemical, food, defense, other) and type (carbonate fluorapatite, fluorapatite, chlorapatite, hydroxyapatite, carbonate apatite, other). Major players such as Mosaic, Jordan Phosphate Mines, and Yuntianhua Group are shaping market dynamics through strategic investments in capacity expansion, technological advancements, and supply chain optimization. Regional variations in market size and growth are expected, with Asia Pacific and North America anticipated to dominate the market owing to robust agricultural sectors and established chemical industries. This report provides an in-depth analysis of the global phosphorus ore market, valued at approximately $15 billion in 2023, projecting robust growth to surpass $20 billion by 2028. This comprehensive study delves into market dynamics, key players, emerging trends, and future growth prospects, offering invaluable insights for stakeholders across the value chain. High-search-volume keywords include: phosphorus ore market size, phosphate rock price, phosphate fertilizer, apatite mining, phosphorus ore production, agricultural phosphorus, industrial phosphate.

The price of clindamycin phosphate in North America for Q2 2023 reached 148,278 USD/MT in December. In Europe, clindamycin phosphate prices for Q2 2023, reached 149,586 USD/MT. The price trend for clindamycin phosphate in Asia Pacific concluded at 143,367 USD/MT in June 2023.

As of 2023, the average price of raw phosphate stood at 1,696 Moroccan dirhams per metric ton, equivalent to around 172.5 U.S. dollars per metric ton. This was a decrease from the previous year, when the average price peaked. Overall, around 7.7 billion Moroccan dirhams of phosphate were exported from Morocco in 2023.

Learn about the factors that influence the price of phosphorus fertilizer, including the type of fertilizer, quality of phosphorus content, global supply and demand, and market conditions. Stay informed to make informed fertilizer purchase decisions.

Get the latest insights on price movement and trend analysis of Yellow Phosphorous in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

The U.S. dicalcium phosphate market expanded to $189M in 2024, with an increase of 2.9% against the previous year. Over the period under review, consumption, however, continues to indicate significant growth. Over the period under review, the market attained the maximum level at $217M in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

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Phosphate Market Size 2024-2028

The phosphate market size is forecast to increase by USD 8.92 billion at a CAGR of 5.7% between 2023 and 2028.

The market is experiencing significant growth due to the increasing demand for phosphate-based fertilizers, particularly ammonium phosporate, in agriculture. The production of ammonium phosphate using organic sources and green phosphoric acid is gaining popularity due to environmental concerns. However, the market faces challenges such as the need for advanced water treatment infrastructure to address the health hazards associated with orthophosphates in water treatment. Phosphoric acid, a key component in the production of phosphate-based fertilizers and food additives, is in high demand for potable water treatment and nutrient fortifiers. Food-grade phosphates are also essential as feed additives and nutrient enhancers. The market comprises various types, including ammonium phosphate and phosphoric acid, which cater to diverse industries such as agriculture, food, and industrial water treatment. Despite the benefits, the use of phosphate-based products comes with potential health risks, necessitating stringent regulations and safety measures.

What will be the Size of the Market During the Forecast Period?

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The market encompasses the production and utilization of phosphates, primarily derived from phosphate rock. Phosphorus, a vital nutrient, is an essential element for agriculture production, food processing, water treatment chemicals, and various industrial applications. This analysis provides an overview of the global phosphates market, focusing on its value chain, applications, and market size. Phosphate Value Chain: The phosphates market value chain includes the mining of phosphate rock, processing into phosphate derivatives, and their application in various industries. Phosphate rock is the primary source of phosphorus, which undergoes various processing methods to produce phosphate fertilizers, water treatment chemicals, and other phosphate derivatives.
Phosphate fertilizers play a crucial role in increasing agricultural output by enhancing nutrient availability to crops. They contribute significantly to the growth and development of plants, leading to improved crop yields and better food production. Industrial Applications: Beyond agriculture, phosphates have diverse applications in various industries. In food processing, phosphates are used as food additives, preservatives, texture agents, emulsifiers, stabilizers, and leavening agents. They extend shelf life, improve food safety, and contribute to the nutritional value of numerous foods and beverages. In the metal finishing industry, phosphates are used for surface treatment, while in water treatment infrastructure, they serve as essential components in water treatment chemicals.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Fertilizer
  Animal feed supplement
  Others


Geography

  APAC

    China
    India
    Japan


  North America

    US


  Europe



  South America



  Middle East and Africa

By Application Insights

The fertilizer segment is estimated to witness significant growth during the forecast period.

Phosphorus is an essential nutrient for plant growth, playing a crucial role in the formation of nucleic acid and regulating protein synthesis. As a key component of compounds such as sugars, starches, and oils, phosphorus ensures optimal productivity in crop cultivation. Various forms of phosphate fertilizers, including diammonium phosphate, monoammonium phosphate, single superphosphates, and triple superphosphates, are used to address phosphorus deficiencies in soil. Ground rock phosphate is another significant source of phosphorus. The increasing global population has driven the demand for food, leading farmers to rely on phosphate fertilizers to enhance crop yields. The market encompasses a range of applications, including water treatment infrastructure and food industries.

Moreover, in water treatment, orthophosphates and phosphoric acid are utilized for potable water treatment to remove heavy metals and improve water quality. Food-grade phosphates serve as food additives and nutrient fortifiers. Ammonium phosphate is a popular fertilizer type, while phosphoric acid is used in the production of other phosphate compounds. Understanding the different phosphate types and their applications is crucial for businesses operating in this market.

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The fertilizer segment was valued at USD 15.53 billion in 2018 and showed a g

The U.S. Monocalcium Phosphate Market in Q4 2024 showcase a Volatile Quarter with a Downward Trend. The fourth quarter of 2024 saw a mixed yet overall downward pricing trend in the U.S. Monocalcium Phosphate market. October witnessed a sharp price surge due to heightened seasonal demand from food and beverage sectors, elevated shipping costs from Asian suppliers, supply chain constraints, and rising raw material prices. Strategic stockpiling and global disruptions in Ukraine and the Middle East compounded supply-side pressures, keeping prices high.

The monoammonium phosphate (MAP) prices in the USA for Q4 2023 reached 668 USD/MT in December. Prices climbed steadily, influenced by global supply chain disruptions and heightened demand within the fertilizer market. The combination of rising feedstock costs and constrained inventories contributed to the upward price movement, reflecting broader market challenges.

Statistics illustrates prices of mixed nitrogen, phosphorus and potassium fertilizers in Angola from 2007 to 2024.

During the course of 2023, phosphate rock demonstrated a progressive rise, maintaining a peak of 347 U.S. dollars per metric ton in September and October, before experiencing a considerable downturn to a price of 152.5 U.S. dollars per metric ton in 2024

Statistics illustrates prices of mixed phosphorus and potassium (pk) fertilizers in MENA from 2007 to 2024.