Phosphoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Phosphoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A22391
Buy Now

Phosphoric Acid Prices December 2023

Product
Category Region Price
Phosphoric Acid Bulk Chemical and Fertilizer USA 1050 USD/MT
Phosphoric Acid Bulk Chemical and Fertilizer China 981 USD/MT
Phosphoric Acid Bulk Chemical and Fertilizer Germany 1275 USD/MT


The price of phosphoric acid in the USA for Q4 2023 reached 1050 USD/MT in December. Throughout the fourth quarter of 2023, there was a noticeable downward trend in its price. This decline was initially attributed to cutbacks in the cost of phosphate rock sourced in the country as well as diminished demand from downstream industries.

The price of phosphoric acid in China reached 981 USD/MT in December 2023. In line with this, concerns regarding the dependability of the world’s primary fertilizer exporter have stimulated fertilizer buyers across regions to adopt alternative sources actively. Moreover, the downstream industry in China has noticed a declaration in both diammonium phosphate (DAP) and monoammonium phosphate (MAP) sales in recent months, accompanied by a fall in domestic production, leading to a decline in phosphoric acid prices.

Besides this, in Germany, phosphoric acid reached 1275 USD/MT. With limited product availability and strong trading dynamics, the price of phosphoric acid in Germany increased, specifically for the production of DAP and MAP.

Phosphoric Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled Phosphoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of phosphoric acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing phosphoric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Phosphoric Acid Price Trend

Phosphoric Acid Market Analysis

The global phosphoric acid market size reached US$ 46.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 68.4 Billion, at a projected CAGR of 4.30% during 2023-2032.

  • Phosphoric acid is an essential ingredient in fertilizer and is widely utilized in modern agricultural practices to enhance crop yield and quality thereby the increasing global population and growing demand for food is aiding the market growth.
  • Stringent environmental regulations push industries towards cleaner production methods and sustainable practices thus bolstering the market growth. In addition to these regulations, the manufacturers dealing in the phosphoric acid industry are investing in waste management and cleaner technologies, encouraging the market potential to grow.
  • Phosphoric acid exhibits a strong acidic nature and is employed as a cleaning agent in various industrial processes. It effectively removes mineral deposits, scale, and rust from surfaces and equipment in industries such as electronic manufacturing, water treatment, and metal working is strengthening the market growth.
  • In line with this, phosphoric acid is highly corrosive in concentrated form, which also makes it appropriate for industrial applications such as rust removal and metal cleaning, providing an impetus to the market growth.
  • Ongoing technological advancements in phosphoric acid production processes in terms of efficiency and cost reductions, along with innovations in extraction methods, such as solvent extraction and wet process techniques are aiding in market expansion. These developments help streamline production while minimizing resource usage and environmental footprint, propelling the market forward.
  • Furthermore, the increasing demand from the pharmaceutical sector, where phosphoric acid is utilized in dental products such as mouthwashes and toothpaste for its ability to remove plaque and stains from teeth is creating a positive outlook for market expansion.
  • Apart from this, the widespread product utilization as a preservative and acidulant in the food industry to extend the shelf life of certain products like canned foods, jams, and processed meats by controlling pH levels and preventing the growth of microorganisms, is presenting lucrative opportunities for market expansion.

Phosphoric Acid News

The report covers the latest developments, updates, and trends impacting the global phosphoric acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in phosphoric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the phosphoric acid industry:

  • In October 2020, ICL signed an agreement to acquire Fertilaqua, a prominent Brazilian company in the plant nutrition industry. This acquisition showcases ICL's strategic move to expand its presence and offerings in the agriculture industry, particularly in Brazil enhancing its position in the lucrative specialty plant nutrition market.
  • In August 2020, EMAPHOS launched a new facility to produce purified phosphoric acid. The company expects to double its production capacity with a new plant with a target to reach 2,80,000 tons of annual output by 2022. The expansion will position EMAPHOS as leaders in purified wet process phosphoric acid production, aligning with market shifts and emphasizing downstream integration for high-value-added products.

Product Description

Phosphoric acid, also known as orthophosphoric acid, is a colorless, odorless liquid with a syrup consistency. It is manufactured to high purity standards, ranging from 75% to 85% concentrations. This ensures optimal implementation and versatility across various industrial applications.

Phosphoric acid is employed in various industries such as electronics, water treatment, pharmaceuticals, food and beverage (F&B) and agriculture owing to its chemical properties. Moreover, it is a major ingredient in the development of fertilizers, providing plants with the necessary nutrients required to grow.

Furthermore, it is widely utilized as a flavor enhancer and a preservative in F&B industry. Alongside, it provides a tangy flavor to carbonated drinks and regulates pH level in processed food thereby helping fast food last longer.

Additionally, phosphoric acid serves as an effective cleaner and metal surface treatment agent owing to its strong acidic properties. It is utilized in a variety of industrial processes such as metal fabrication, automotive industry, and electronic manufacturing for rust removal, surface etching and descaling.

Regional Coverage

The report provides a detailed analysis of the phosphoric acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Phosphoric Acid Price

The report offers a holistic view of the global phosphoric acid pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Phosphoric Acid Price

The European region experiences a rise in the Q4 of 2024 owing to increasing demand from the fertilizer industry and F&B industry. Alongside, frequent changes in cost and high shipping prices have contributed to the increase in price in the market. Geopolitical conflicts and sanctions on Russia disrupted the regional supply chain, further impacting the production rates.

This analysis can be extended to include detailed phosphoric acid price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.


North America Phosphoric Acid Price

In North America, the phosphoric acid market is witnessing a downward trend attributed to the fall in cost of phosphate rocks in Q4 results of 2023.  With the decline in demand from the various downstream industries such as fertilizers, food, preservatives, and surfactants, along with the pricing pressures and higher manufacturing cost is supporting the market demand.

Specific data on phosphoric acid prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


Middle East and Africa Phosphoric Acid Price

The phosphoric acid market in the Middle East and Africa (MEA) region showcased a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on phosphoric acid prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


Asia Pacific Phosphoric Acid Price

Asia Pacific is experiencing a significant decrease in the phosphoric acid market owing to reduced cost of phosphate rock in Q4 results. Moreover, the decline was remarkable by major manufacturers such as Morocco, from which countries such as India imports phosphoric acid. Buyers also looked for alternatives owing to uncertainties regarding China’s dependability as the leading exporter, resulting in the decline in price.

This analysis can be further extended to include detailed phosphoric acid prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


Latin America Phosphoric Acid Price

The analysis of phosphoric acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Phosphoric Acid
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
 
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*
 
*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of phosphoric acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting phosphoric acid price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the phosphoric acid industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Phosphoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually


Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More