Why did the Rock Phosphate Price Change in July 2025? The Rock Phosphate Price Index in the United States increased quarter-over-quarter in Q2 2025, reflecting firm domestic fundamentals and tightening international supply conditions.

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.

Phosphate rock prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 63.82 USD per metric ton with a minimum of 11 USD per metric ton in January 1970 and a maximum of 450 USD per metric ton in October 2008. | TheGlobalEconomy.com

422 Global export shipment records of Rock Phosphate with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

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Phosphate Rock Market Size 2025-2029

The phosphate rock market size is forecast to increase by USD 5.34 billion at a CAGR of 4% between 2024 and 2029.

The market is driven by the surging demand for phosphate fertilizers due to the increasing global population and the subsequent need to boost agricultural productivity. Phosphate rock is a crucial raw material in the production of phosphate fertilizers, which are essential for enhancing soil fertility and promoting plant growth. However, the market faces significant challenges. The health hazards associated with the use of phosphate-based fertilizers, including water pollution and eutrophication, pose a threat to both the environment and human health. These concerns have led to stricter regulations and growing demand for sustainable and eco-friendly alternatives.
Additionally, they must adhere to regulatory requirements and implement responsible production practices to mitigate environmental risks and maintain consumer trust. By focusing on innovation and sustainability, market players can capitalize on the growing demand for phosphate fertilizers while addressing the associated challenges. The increasing demand for phosphorus-based products, particularly in fertilizers and animal feed additives, is driving the growth of the market. Companies in the market must navigate these challenges by investing in research and development to create more sustainable fertilizer solutions.

What will be the Size of the Phosphate Rock Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Phosphate rock, a key source of phosphorus for various industries, experiences dynamic market trends. The phosphate rock industry's distribution network and pricing are influenced by global phosphate supply and demand. Phosphorus nutrition, a crucial aspect of agriculture, relies heavily on phosphate rock use in fertilizer production. Phosphorus management and recovery are essential to maintaining soil phosphate levels, which in turn affect phosphorus bioavailability. Phosphate minerals, such as apatite, fluorapatite, and chlorapatite, are used to produce phosphoric acid, feed phosphates, monocalcium phosphate, and dicalcium phosphate. Phosphate rock mining continues to explore new reserves to meet increasing demand, while sustainability concerns drive innovation in phosphorus cycling. Phosphate rock grading and types influence the industry's competitiveness.

Phosphorus deficiency in crops and legislation promoting sustainable phosphorus use further shape the market landscape. Phosphate rock exploration and legislation aim to ensure a steady supply of high-quality phosphate rock while addressing environmental concerns. Phosphorus recovery and management techniques are essential for optimizing phosphorus use efficiency and reducing reliance on primary phosphate rock mining. The phosphate rock industry's future lies in balancing the needs of agriculture, industry, and the environment. Furthermore, the trend toward vertical integration among agrochemical companies is boosting the consumption volume of these fertilizers in metric tons.

How is this Phosphate Rock Industry segmented?

The phosphate rock industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Source

  Marine phosphate deposits
  Igneous phosphate deposits
  Metamorphic deposits
  Biogenic deposits
  Weathered deposits


Application

  Fertilizer
  Animal feed supplement
  Others


Grade Type

  Fertilizer grade
  Feed grade
  Industrial grade


Geography

  North America

    US
    Canada


  Europe

    Poland
    Russia
    Spain


  APAC

    China
    India
    Indonesia
    Vietnam


  South America

    Brazil


  Rest of World (ROW)

By Source Insights

The Marine phosphate deposits segment is estimated to witness significant growth during the forecast period. The market is primarily driven by the marine phosphate deposits segment, which is the largest source of phosphate rock. These deposits are mined and processed to produce various products, including phosphoric acid, phosphorus-based compounds, industrial chemicals, animal feed, and fertilizers. Phosphate rock characterization and beneficiation techniques are crucial in improving the quality and purity of the raw material. Impurities in phosphate rock can affect the availability of phosphorus for plant uptake and fertilizer production. Rock phosphate weathering and dissolution methods are employed to enhance the extraction of phosphorus.

Phosphorus fertilization is a significant application of phosphate rock, and its demand is expected to grow due to

The global phosphate rock market is poised to reach a size of US$ 26.29 billion in 2024. Phosphate rock sales are projected to ascend at a CAGR of 3.3% and reach US$ 36.37 billion by 2034.

Report Attributes	Details
Phosphate Rock Market Size (2024E)	US$ 26.29 Billion
Forecasted Market Value (2034F)	US$ 36.37 Billion
Global Market Growth Rate (2024 to 2034)	3.3% CAGR
Canada Market Growth Rate (2024 to 2034)	3.8% CAGR
China Market Value (2034F)	US$ 8 Billion
North America Market Share (2024E)	28.6%
East Asia Market Share (2034F)	38.4%
Key Companies Profiled	The Mosaic Company Misr Phosphate Hubei Xingfa Chemicals Phos Agro Potash Corp. Grange Resources Agrium Inc. Anglo American Shaw River Manganese Ltd. Sterling Group Ventures Inc.

Country-wise Evaluation

Attribute	United States
Market Value (2024E)	US$ 5.39 Billion
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 7.78 Billion

Attribute	China
Market Value (2024E)	US$ 5.46 Billion
Growth Rate (2024 to 2034)	3.9% CAGR
Projected Value (2034F)	US$ 8 Billion

Category-wise Insights

Attribute	Animal Feed
Segment Value (2024E)	US$ 8.28 Billion
Growth Rate (2024 to 2034)	3.7% CAGR
Projected Value (2034F)	US$ 11.93 Billion

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Phosphates (WPU065202) from Jan 1947 to Jul 2025 about chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

In February 2025, the average phosphate rock import price amounted to $94.4 per ton, with a decrease of -13.6% against the previous month.

The global phosphate fertilizer market is a substantial industry, exhibiting consistent growth driven by increasing global food demand and the crucial role phosphate plays in crop production. While precise figures for market size and CAGR are unavailable, a reasonable estimation based on industry reports and the presence of major players like EuroChem, Nutrien, and Yara International ASA suggests a market value exceeding $50 billion in 2025, with a compound annual growth rate (CAGR) between 3-5% projected through 2033. This growth is fueled by several key factors: expanding agricultural land under cultivation, particularly in developing nations experiencing population booms; rising global meat consumption, increasing the demand for feed crops and thus fertilizer; and technological advancements leading to more efficient fertilizer application and improved crop yields. However, the market also faces challenges such as fluctuating raw material prices (phosphate rock), geopolitical instability affecting supply chains, and environmental concerns surrounding fertilizer runoff and its impact on water quality. Segment-wise analysis reveals strong demand across various agricultural sectors, with significant contributions from food crops like cereals and oilseeds, as well as horticulture and specialized farming. Regional variations exist, with North America and regions of Asia exhibiting particularly robust growth due to favorable agricultural conditions and government support for agricultural development. Competitive dynamics are intense, with the aforementioned major players vying for market share through strategic acquisitions, capacity expansions, and the development of innovative fertilizer formulations to enhance efficiency and reduce environmental impact. Future growth will depend on addressing environmental concerns, fostering sustainable agricultural practices, and ensuring stable and affordable access to phosphate fertilizers globally.

In 2020, the Pakistani phosphate rock market was finally on the rise to reach $X for the first time since 2015, thus ending a four-year declining trend. Over the period under review, the total consumption indicated a mild increase from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2016 to 2020, the growth of the market remained at a somewhat lower figure.

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.

Phosphate rock imports into the United States expanded slightly to 2.6M tons in 2023, growing by 3.8% compared with the year before.

In 2024, the Brazilian phosphate rock market decreased by -2.1% to $1.3B, falling for the fifth consecutive year after two years of growth. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $2.3B. From 2020 to 2024, the growth of the market remained at a lower figure.

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

The Egyptian phosphate rock market expanded markedly to $1.3B in 2024, surging by 5.2% against the previous year. Over the period under review, consumption recorded resilient growth. As a result, consumption reached the peak level of $1.5B. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Others: Rock Phosphate data was reported at 334.200 1981-1982=100 in Mar 2000. This stayed constant from the previous number of 334.200 1981-1982=100 for Feb 2000. India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Others: Rock Phosphate data is updated monthly, averaging 237.450 1981-1982=100 from Apr 1982 (Median) to Mar 2000, with 216 observations. The data reached an all-time high of 334.200 1981-1982=100 in Mar 2000 and a record low of 83.300 1981-1982=100 in Mar 1984. India Wholesale Price Index: 82p: Average: Primary Articles: Minerals: Others: Rock Phosphate data remains active status in CEIC and is reported by Ministry of Commerce and Industry. The data is categorized under India Premium Database’s Inflation – Table IN.IH128: Wholesale Price Index: 1981-82=100: Primary Articles: Minerals.

The global phosphate fertilizer market, valued at $60.55 billion in 2025, is poised for significant growth. While the provided CAGR is missing, a reasonable estimate, considering the increasing global demand for food and the crucial role of phosphate fertilizers in crop production, would place the CAGR between 3-5% for the forecast period (2025-2033). This growth is driven by factors such as rising global population, increasing food demand, expanding arable land under cultivation, and government initiatives promoting agricultural productivity in developing nations. The market segmentation reveals a diversified landscape, with Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP) dominating the type segment, while grains and oilseeds represent the largest application areas. Key regional markets include North America, Europe, and Asia-Pacific, each characterized by distinct growth drivers and regulatory landscapes. Challenges such as fluctuating raw material prices, environmental concerns related to phosphate run-off, and the development of sustainable alternatives, are potential restraints on market expansion. The competitive landscape is highly consolidated, with major players like Nutrien, CF Industries, and Mosaic holding significant market share, constantly innovating to improve fertilizer efficiency and minimize environmental impact. The forecast period will likely witness increased competition, strategic mergers and acquisitions, and a stronger emphasis on sustainable and precision fertilizer application technologies. The market's evolution is expected to be shaped by several significant trends. Technological advancements in fertilizer production are leading to enhanced efficiency and reduced environmental footprint. Precision agriculture techniques that optimize fertilizer application are gaining traction, leading to better resource utilization and reduced costs. The increasing focus on sustainable farming practices and the growing adoption of organic and bio-fertilizers will influence the demand for traditional phosphate fertilizers, creating both opportunities and challenges for existing players. Government regulations aimed at mitigating environmental damage and promoting sustainable agricultural practices will also play a crucial role in shaping the market's trajectory in the coming years. Companies are increasingly investing in research and development to create more efficient and environmentally friendly phosphate fertilizers to address these concerns and maintain a competitive edge in a rapidly evolving market.

In March 2025, the average phosphate rock import price amounted to $126 per ton, shrinking by -2.8% against the previous month.

Global Phosphate Rock market size is expected to reach $29.81 billion by 2029 at 1.5%, segmented as by type, marine phosphate deposits, igneous phosphate deposits, other types

The global phosphate rock market, valued at $24.02 billion in 2025, is projected to experience steady growth, driven primarily by the burgeoning demand for fertilizers in agriculture. A compound annual growth rate (CAGR) of 3.79% from 2025 to 2033 indicates a substantial market expansion. This growth is fueled by increasing global population and the consequent need for enhanced food production, necessitating higher fertilizer consumption. Furthermore, the rising demand for animal feed supplements, another key application of phosphate rock, contributes significantly to market expansion. While the market faces potential restraints such as fluctuating phosphate rock prices due to supply chain issues and environmental concerns related to phosphate mining and its impact on water quality, technological advancements in efficient mining and processing techniques are mitigating these challenges. The market is segmented by deposit type (marine, igneous, metamorphic, biogenic, weathered) and application (fertilizer, animal feed, others), offering diverse avenues for growth and investment. The competitive landscape involves both established players and emerging companies, with strategic partnerships, mergers, and acquisitions influencing market dynamics. Regional variations in demand and access to resources will shape market growth patterns, with regions like APAC, specifically China and India, exhibiting substantial growth potential given their large agricultural sectors and rising populations. The market's future hinges on effective resource management, sustainable mining practices, and technological innovation. Significant investment in research and development for improved fertilizer formulations and efficient phosphate extraction methods will be crucial. Additionally, addressing environmental concerns through responsible mining and waste management techniques will be vital to maintaining the long-term sustainability and growth of the phosphate rock market. Competition among established players and emerging companies will further shape the market landscape, with innovation and strategic alliances playing a key role in determining market leadership. Government policies promoting sustainable agriculture and responsible resource utilization will also play a significant role in influencing market trajectory.