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Triple superphosphate (TSP) price index
This post is a summary of the Triple superphosphate (TSP) price developments. The price developments of Triple superphosphate (TSP) are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Triple superphosphate (TSP) price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Triple superphosphate (TSP) prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Triple superphosphate (TSP) prices
- Recent price developments of underlying feedstocks which drive the price of Triple superphosphate (TSP)
- Market futures for both cost drives and feedstocks of Triple superphosphate (TSP) prices
- Adjustment of current supply/demand imbalances in the Triple superphosphate (TSP) market
- Longer term trends in likely demand conditions
Further information on the Triple superphosphate (TSP) price index
What is Triple superphosphate (TSP)
Triple superphosphate (TSP) is a type of fertilizer that is commonly used to provide crops with a high level of phosphorus. It is made by reacting phosphate rock with phosphoric acid to produce a product that is rich in phosphorus.
TSP is a highly concentrated fertilizer, with a phosphorus content of around 46-48%, which makes it an excellent source of this essential nutrient for plants. It is commonly used to fertilize crops such as cereals, oilseeds, and sugarcane, among others.
TSP is usually applied to the soil, either by broadcasting or banding, and is then incorporated into the soil to provide the plants with the necessary nutrients. It can also be used as a starter fertilizer to provide young plants with the phosphorus they need to establish a healthy root system.
TSP is an important source of phosphorus for many farmers around the world, and its production and use are closely monitored to ensure that it is used in a responsible and sustainable way.
How is Triple superphosphate (TSP) produced
Triple superphosphate (TSP) is produced through a chemical reaction between phosphate rock and phosphoric acid. The process involves the following steps:
Mixing
Phosphate rock, which is the raw material for TSP, is mixed with a small amount of water to form a slurry. The slurry is then mixed with sulfuric acid to produce a mixture called superphosphate.
Reacting
The superphosphate is then reacted with phosphoric acid to produce TSP. This reaction produces calcium sulfate (gypsum) as a byproduct, which is removed from the product through a filtration process.
Drying
The TSP is dried to remove any remaining moisture and to make it easier to handle and transport.
Granulation
The dried TSP is then granulated to produce uniform-sized particles, which makes it easier to apply to crops.
The final product is a grayish-white powder or granule that is rich in phosphorus and is used as a fertilizer for crops. The quality of TSP depends on the quality of the phosphate rock used, the concentration of phosphoric acid used, and the production process employed.
Which countries produce the most Triple superphosphate (TSP)
Triple superphosphate (TSP) is a fertilizer that is produced by reacting phosphate rock with phosphoric acid. The production of TSP is primarily concentrated in a few countries, and the top producers are:
China
China is the largest producer of TSP, accounting for about 55% of global production. The country’s high production is attributed to its large population and agriculture industry.
Morocco
Morocco is the second-largest producer of TSP, accounting for about 14% of global production. The country has significant reserves of phosphate rock, which is the primary raw material used in the production of TSP.
India
India is the third-largest producer of TSP, accounting for about 11% of global production. The country is a major agricultural producer and uses a significant amount of fertilizers, including TSP.
Russia
Russia is the fourth-largest producer of TSP, accounting for about 6% of global production. The country has significant reserves of phosphate rock and uses TSP in its agriculture industry.
United States
The United States is the fifth-largest producer of TSP, accounting for about 5% of global production. The country’s production of TSP has declined in recent years due to increased competition from other countries and changes in the fertilizer market.
Other significant producers of TSP include Brazil, Egypt, Indonesia, and Vietnam.
What types of TSP are there
There is typically only one type of triple superphosphate (TSP) fertilizer, which is produced by reacting phosphate rock with phosphoric acid. However, there may be some variations in the production process and in the quality of the product based on the specific raw materials and manufacturing methods used.
One such variation is the water-soluble TSP, which is a more finely ground version of TSP that dissolves more easily in water. This allows for easier and more efficient application of the fertilizer and better absorption by the plants. Another variation is the coated TSP, which is TSP coated with a polymer to control the release of the fertilizer in the soil, allowing for a more controlled and consistent supply of nutrients to the plants over a longer period.
Additionally, TSP can be blended with other fertilizers to create customized blends with specific nutrient compositions to meet the needs of different crops and soil types. For example, TSP can be blended with nitrogen and potassium fertilizers to create a complete NPK (nitrogen, phosphorus, potassium) fertilizer blend.
Overall, TSP is a highly concentrated source of phosphorus that is used to promote plant growth and increase crop yields. While there may be some variations in the production process and application methods, there is typically only one type of TSP fertilizer.
How big is the Triple superphosphate (TSP) market
The global triple superphosphate (TSP) market size was valued at USD 2.8 billion in 2020, and it is expected to grow at a compound annual growth rate (CAGR) of 3.5% from 2021 to 2028. The market is driven by the increasing demand for food due to the growing population, which has led to an increase in the use of fertilizers to enhance crop yields.
The market is dominated by the Asia Pacific region, which accounted for the largest share of the global TSP market in 2020. This is attributed to the high agricultural production in countries such as China and India, which are the largest consumers of TSP in the world.
The use of TSP is also increasing in other regions, such as North America, Europe, and South America, as farmers seek to improve crop yields and increase efficiency in agriculture. The market is highly competitive, with several players operating in the global TSP market, including major fertilizer manufacturers, such as Nutrien, Yara International, and The Mosaic Company, among others.
Overall, the global TSP market is expected to continue to grow in the coming years, driven by the increasing demand for food and the need to improve agricultural productivity.
According to https://oec.world/ :
Superphosphates, in packs >10 kg are the world’s 1807th most traded product.
In 2020, the top exporters of Superphosphates, in packs >10 kg were China ($294M), Morocco ($263M), Israel ($183M), Egypt ($93.2M), and Netherlands ($57.3M).
In 2020, the top importers of Superphosphates, in packs >10 kg were Brazil ($321M), United States ($81.9M), France ($66.5M), Indonesia ($62.7M), and Australia ($34.3M).
Further reading
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