Potash and Phosphate - Drivers and Trends P.O. Box 930059, Amman 11193, Jordan Tel. + 962 (0) 6 5629300, Fax. + 962 (0) 6 5682941 www.abci.com.jo (A wholly owned subsidiary of ABC (Jordan)) Research Department Tanya Khammash Head of Research Department
[email protected] Zein Alkhas Research Analyst
[email protected] Brokerage Tel. + 962 6 5629300 (ext. 301) Table of Contents 1.0 Executive Summary 4 2.0 Overview of Potash and Phosphate 6 2.1 Potash 6 2.1.1 World Production of Potash 6 2.1.2 World Consumption of Potash 7 2.2 Phosphate 7 2.2.1 World Production of Phosphate 7 2.2.2 World Consumption of Phosphate 8 3.0 Overview of Fertilisers 8 3.1 Fertiliser Demand 8 3.2 Trends in Fertiliser Prices 9 4.0 Industry Drivers 10 4.1 World Population 10 4.2 GDP Growth 11 4.3 Change in World Income and Diets 11 4.4 Bio-fuels 12 4.5 Agricultural Land 13 4.6 Grain Supply 14 5.0 Potash and Phosphate Market in Jordan 14 5.1 Potash 15 5.2 Phosphate 20 6.0 Outlook 24 Potash and Phosphate - Drivers and Trends 1.0 EXECUTIVE SUMMARY Year 2008 is proving to be another year of strong growth for the fertiliser industry. World production Global production of potash of phosphates and potash, two primary inputs into the fertiliser production process, continued to and phosphate in 2007 reached 55.7 million tonnes and 172.1 grow, reaching 172.1 million tonnes and 55.7 million tonnes respectively in 2007, compared to million tonnes, respectively..