Key Market Indicators
Indonesia is set to become the world's second largest importer of phosphate by 2026, with imports expected to reach $255,230,000. Indonesia's phosphate import is set to reach around $255 million by 2026, up 2.3% each year on average. This follows a 2.9% year-on-year increase since 1994. In 2021, the United States was the world's largest importer of phosphate, at $223 million, while Indonesia and Lithuania came in second and fourth, respectively. However, since 1994, Indonesian supply has dropped by almost 50% on an annual basis. Despite this decline, the country is expected to become the world's second-largest importer of phosphate by 2026.