Key Market Indicators
Belgium's phosphate imports are set to reach around $109 million by 2026, down 2.2% from 2021's total of $124.5 million. Since 2004, Belgian demand has dropped 3.7% year on year. In 2021, Brazil overtook Belgium, coming in at number 6 with $124.5 million. The United States, Indonesia and Lithuania held the second, third and fourth spots respectively. Belgium's phosphate exports totalled $1.27 million in 2021, down 8% from 2020's figure of $1.38 million. Since 2004, Belgian supply has declined 15.8% year on year. In 2021, Pakistan overtook Belgium, coming in at number 20 with $1.27 million. Jordan, Russia and Peru held the second, third and fourth spots respectively.
