Dicalcium Phosphate Market

The article provides a detailed analysis of the global market for calcium hydrogenorthophosphate (dicalcium phosphate), highlighting an anticipated growth in consumption and value terms from 2022 to 2030. With a projected CAGR of +6.3% for consumption and +6.8% for market value, the market volume is expected to reach 2.3M tons and $1.8B respectively by the end of 2030. The study covers insights on market performance, production, exports, and imports, showcasing key consuming and producing countries as well as trends in per capita consumption and price fluctuations.

Market Forecast

Driven by increasing demand for calcium hydrogenorthophosphate (dicalcium phosphate) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +6.3% for the period from 2022 to 2030, which is projected to bring the market volume to 2.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.8% for the period from 2022 to 2030, which is projected to bring the market value to $1.8B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Calcium Hydrogenorthophosphate (Dicalcium Phosphate)

In 2022, consumption of calcium hydrogenorthophosphate (dicalcium phosphate) increased by 23% to 1.4M tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a notable expansion. Global consumption peaked at 3.1M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

The global dicalcium phosphate market revenue skyrocketed to $1.1B in 2022, picking up by 28% 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). Overall, consumption enjoyed a moderate increase. Global consumption peaked at $1.7B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Turkey (235K tons), China (213K tons) and Tunisia (168K tons), together accounting for 43% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Turkey (with a CAGR of +25.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($161M), China ($123M) and Turkey ($117M) appeared to be the countries with the highest levels of market value in 2022, with a combined 37% share of the global market.

Among the main consuming countries, the United States, with a CAGR of +28.8%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of dicalcium phosphate per capita consumption was registered in Tunisia (14 kg per person), followed by Jordan (3.8 kg per person), Turkey (2.8 kg per person) and Chile (2.2 kg per person), while the world average per capita consumption of dicalcium phosphate was estimated at 0.2 kg per person.

From 2012 to 2022, the average annual growth rate of the dicalcium phosphate per capita consumption in Tunisia totaled +2.0%. In the other countries, the average annual rates were as follows: Jordan (+0.4% per year) and Turkey (+23.6% per year).

Production

World Production of Calcium Hydrogenorthophosphate (Dicalcium Phosphate)

In 2022, production of calcium hydrogenorthophosphate (dicalcium phosphate) was finally on the rise to reach 1.3M tons after two years of decline. Overall, production posted temperate growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 104%. Global production peaked at 3M tons in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

In value terms, dicalcium phosphate production amounted to $877M in 2022 estimated in export price. Over the period under review, production enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 99%. Over the period under review, global production reached the peak level at $1.6B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (462K tons), Turkey (243K tons) and Tunisia (203K tons), with a combined 69% share of global production.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +24.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Calcium Hydrogenorthophosphate (Dicalcium Phosphate)

In 2022, overseas purchases of calcium hydrogenorthophosphate (dicalcium phosphate) decreased by -2.5% to 679K tons, falling for the sixth consecutive year after two years of growth. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 12%. As a result, imports reached the peak of 929K tons. From 2017 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, dicalcium phosphate imports skyrocketed to $672M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, Brazil (95K tons), followed by the Philippines (50K tons), Indonesia (48K tons), Chile (42K tons), Australia (35K tons) and Malaysia (33K tons) were the major importers of calcium hydrogenorthophosphate (dicalcium phosphate), together comprising 45% of total imports. The following importers - Vietnam (29K tons), Bangladesh (20K tons), Ecuador (20K tons), the UK (19K tons), Italy (18K tons), Thailand (13K tons) and Japan (13K tons) - together made up 19% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Philippines (with a CAGR of +13.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Brazil ($82M) constitutes the largest market for imported calcium hydrogenorthophosphate (dicalcium phosphate) worldwide, comprising 12% of global imports. The second position in the ranking was held by the Philippines ($35M), with a 5.2% share of global imports. It was followed by Indonesia, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +14.6%. In the other countries, the average annual rates were as follows: the Philippines (+12.0% per year) and Indonesia (+8.7% per year).

Import Prices By Country

In 2022, the average dicalcium phosphate import price amounted to $990 per ton, picking up by 41% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dicalcium phosphate import price increased by +85.5% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($1,561 per ton), while Bangladesh ($476 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Calcium Hydrogenorthophosphate (Dicalcium Phosphate)

In 2022, approx. 571K tons of calcium hydrogenorthophosphate (dicalcium phosphate) were exported worldwide; with a decrease of -11.7% compared with 2021 figures. Over the period under review, exports showed a slight downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 13% against the previous year. As a result, the exports attained the peak of 785K tons. From 2017 to 2022, the growth of the global exports remained at a lower figure.

In value terms, dicalcium phosphate exports expanded significantly to $590M in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, China (251K tons) was the key exporter of calcium hydrogenorthophosphate (dicalcium phosphate), generating 44% of total exports. Peru (74K tons) ranks second in terms of the total exports with a 13% share, followed by Tunisia (6.3%), Germany (5.1%) and Spain (4.6%). France (25K tons), Morocco (22K tons), Belgium (18K tons), Vietnam (15K tons), India (13K tons), the United States (11K tons), Turkey (9.8K tons) and Italy (9.1K tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dicalcium phosphate exports from China stood at -3.1%. At the same time, Morocco (+58.7%), Vietnam (+47.4%), Italy (+19.8%), India (+19.4%), Turkey (+3.9%), Peru (+3.7%), Spain (+1.8%) and Germany (+1.4%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in the world, with a CAGR of +58.7% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (-1.3%), Tunisia (-5.4%) and the United States (-18.2%) illustrated a downward trend over the same period. While the share of Peru (+5.2 p.p.), Morocco (+3.9 p.p.), Belgium (+3.2 p.p.), Vietnam (+2.6 p.p.) and India (+1.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Tunisia (-3.2 p.p.), China (-7.8 p.p.) and the United States (-10.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($220M) remains the largest dicalcium phosphate supplier worldwide, comprising 37% of global exports. The second position in the ranking was taken by Germany ($68M), with an 11% share of global exports. It was followed by Peru, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +2.0%. In the other countries, the average annual rates were as follows: Germany (+5.5% per year) and Peru (+6.4% per year).

Export Prices By Country

The average dicalcium phosphate export price stood at $1,033 per ton in 2022, growing by 25% against the previous year. Overall, the export price enjoyed a strong increase. The growth pace was the most rapid in 2021 an increase of 49%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,677 per ton), while Belgium ($696 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+25.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform