Key Market Indicators
In 2021, the country was ranked number 85, with Indonesia overtaking with $19,800. The United States, Canada and Lithuania respectively came in numbers 2, 3 and 4 in the ranking. Ecuador’s phosphate import is expected to reach approximately $76 million in 2026, down 6.9% on average year-on-year from $115 million in 2021. Since 1996, the country’s demand has decreased at a rate of 3.4% annually. Canada overtook Ecuador in 2021, coming in at number 65. The US, Indonesia and Lithuania followed in 2nd, 3rd and 4th place, respectively. In 2017, Ecuadorian phosphate exports surged 1,340% from $1,370 in 2016 to $19,800. By 2021, Indonesia had overtaken the country, landing at number 85. The US, Canada and Lithuania came in at 2nd, 3rd and 4th, respectively.