Phosphate
industrial_mineral · primary
Bottom line
Phosphate sits on 1 federal critical-minerals list; mine supply is moderately concentrated (HHI 0.24, 2025), led by 🇨🇳 China at 45% of output. The US is 16% net import-reliant (2025). Prices rose 4% over the past year (+5%/yr over 4y).
At a glance
Headline indicators
Price · 2026
153$/mt
World Bank Pink Sheet
Price trend
+4% 1Y
+5%/yr · 4Y CAGR
US net import reliance · 2025
16%
Mine production HHI
0.24
Moderate · 2025
From ore to use
lifecycle flow
- 01Reserves
73.0Bt
Morocco leads · 68% share
- 02Production
245.7Mt
China top · 2025
- 03Trade
3.4Mt
net importer · 2025
- 04Stocks
8.4Mt
year-end · 2025
- 05Consumption
21.0Mt
Consumption, apparent · 2025
Coverage
Data coverage notes
- no dataNo commodity-decomposed recycling data - No USGS MCS Fig13 scrap rows. EU WEEE / battery EOL flows (Phase 6.1.1) are country-keyed only - see country profiles.
- datedExport-restriction inventory ends 2020 - The OECD industrial-raw-materials inventory (vendored snapshot) reports HS-line measures only through 2020; restrictions enacted since are not reflected in the measure table.
- narrowConsumption geography is single-economy (United States) - Reported consumption covers one economy only - the world usage split must be read from trade flows, not from a consumption table.
Methodology
How strata reads a commodity
The eight-stage lens, the observed-vs-estimated membrane, stage-honest supply, per-stage concentration, ownership resolution and the demand lens - the full method is illustrated live on copper, nickel and lithium.
Provenance
Where this data comes from
- BGS World Mineral Statistics
midstream_components_seed
ownership_control_seed
sec_edgar_ex96_pdf
- USGS MCS (Price, average value, f.o.b. m)
- USGS Mineral Commodity Summaries 2026
- USGS Mineral Commodity Summaries World Data (legacy wide format, 2023-2025 vintages)
- USGS Mineral Industry Surveys
- USGS Minerals Yearbook OFR 2025-1047
- USGS Minerals Yearbook Vol III, reference year 2019
- usgs myb1 phosphate 2019
usgs_mine_waste
usgs_mrds_2016
usgs_world_phosphate
usmin_critical_deposits
- World Bank Pink Sheet
17 sources · titles open the source card · url opens the publisher