Phosphoric Acid Price Trend and Forecast

Phosphoric Acid Price Trend Q1 2025

Moving into Q1 2025, the Phosphoric Acid market in FOB Casablanca (Fertilizer Grade (50-55%)) continued its upward trajectory, with prices climbing to $973/MT, reflecting a 3.21% increase from Q4. The rise was largely driven by steady demand from end-use industries, including agriculture and food processing.

Additionally, stable export activity to Asian and European markets played a key role in maintaining price strength. While market conditions remained firm, buyers closely monitored further developments in global demand trends to anticipate future price movements.

Phosphoric Acid Price Trend Q2 2025

In Q2 2025, the prices of Phosphoric Acid (Fertilizer Grade 50-55%), FOB Casablanca increased slightly to USD 991.67 per metric tonnes, leading to +1.88% from the previous quarter. The upper global fertilizer was inspired by stable demand from manufacturers, especially in areas preparing for planting season. This seasonal push continuously helped to maintain off take from parts of South Asia and Latin America.

Despite the stable local production in Morocco, geopolitical tension – including the ongoing Eastern European conflicts and unrest in parts of North and West Africa – created uncertainty around logistics and trade flows.

Some traditional supply routes faced delays or high freight transportation costs, motivating buyers to secure cargo before normal. Export volumes from Casablanca remained strong, although shipping schedule was tight.

Meanwhile, global buyers, beware of disruption, strengthening the tendency to pricing, by increasing their dependence on the suppliers of Morocco. Overall, combined to support a slight price benefit for Phosphoric Acid during the balanced supply, seasonal demand and geo -political caution.

Phosphoric Acid Price Trend Q3 2025

In Q3 2025, the global Phosphoric Acid market showed uneven performance across regions. Western markets, including the USA, Canada, and Mexico, recorded mild gains driven by steady demand from fertilizer producers and stable import flows. Europe, notably Spain, Belgium, and Morocco, experienced solid price increases supported by healthy consumption in fertilizer sectors and competitive export activity from key suppliers.

On the other hand, Asia-Pacific markets such as China, Vietnam, and South Korea faced slight softness due to subdued downstream demand and cautious procurement during global economic uncertainties.

In general, the market remained reasonably balanced, underpinned by steady industrial activity, controlled inventories, and moderate freight conditions. Regional supply chain fundamentals and disparate downstream consumption trends continued to influence pricing during the quarter.

Morocco: Phosphoric Acid Export prices Casablanca, Morocco, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Morocco went up by 5.45%, with a quarterly price range of USD 1025–1070 per MT. The Phosphoric Acid price trend in Morocco was supported by strong demand from global fertilizer manufacturers, alongside steady export volumes and consistent production levels at Moroccan plants. Buyers in Brazil, Spain, and Belgium competed for limited cargoes, balancing limited supply with growing consumption across international markets.

In September 2025, Phosphoric Acid prices in Morocco continued their upward movement by 2.71%, reflecting bullish market sentiment, significant fertilizer sector activity, sustained procurement, and controlled inventories that prevailed during the quarter, supporting stable pricing and continued market confidence.

China: Phosphoric Acid Export prices Shanghai, China, Grade- Food grade (85%).

In Q3 2025, The Phosphoric Acid prices in China dipped by 2.48%, with a quarterly price range of USD 867–960 per MT. The Phosphoric Acid price trend in China was swayed by weaker downstream demand from food processing, beverage, and fertilizer sectors, alongside ample inventories that applied pressure on prices. Producers maintained steady operating rates, while buyers were careful amid softer consumption and subdued market activity.

According to Price-Watch AI, in September 2025, Phosphoric Acid prices in China continued to decrease by 0.17%, reflecting subdued pricing, competitive global supply conditions, and ongoing economic uncertainties that persisted throughout the quarter, limiting upside potential and moderating procurement from key industrial and export markets.

Jordan: Phosphoric Acid Export prices Aqaba, Jordan, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Jordan went up by 8.47%, with a quarterly price range of USD 1040–1140 per MT. The Phosphoric Acid price trend in Jordan was driven by strong export demand from Middle East and Indian subcontinent fertilizer markets, alongside supply tightening during plant maintenance periods. Market participants engaged in proactive buying to secure volumes amid anticipated seasonal demand peaks, ensuring steady shipments to key destinations.

In September 2025, Phosphoric Acid prices in Jordan continued their upward trajectory by 3.78%, reflecting strong market sentiment, sustained export-driven demand, and strategic procurement activity that prevailed throughout the quarter, supporting firm pricing and balanced supply-demand fundamentals across the region.

USA: Phosphoric Acid Export prices Houston, USA, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in the USA increased by 3.14%, with a quarterly price range of USD 980–1015 per MT. The Phosphoric Acid price trend in the USA was supported by stable production, consistent export demand from North and Latin American fertilizer producers, and steady domestic consumption. Buyers kept regular procurement patterns amid balanced inventories and smooth logistical operations, ensuring uninterrupted downstream supply.

According to Price-Watch, in September 2025, Phosphoric Acid prices in the USA continued their rise by 2.43%, reflecting healthy downstream activity, sustained trading momentum, and overarching market firmness that prevailed throughout the quarter, supporting consistent pricing and stable supply-demand fundamentals across regional markets.

Vietnam: Phosphoric Acid Export prices Haiphong, Vietnam, Grade- Food grade (85%).

In Q3 2025, The Phosphoric Acid prices in Vietnam declined by 1.51%, with a quarterly price range of USD 1035–1100 per MT. The Phosphoric Acid price trend in Vietnam was swayed by weaker demand from food, beverage, and fertilizer industries, alongside competitive import offers that pressured domestic pricing. Production levels remained steady, while downstream buyers moderated purchases amid inventory management and cautious procurement strategies.

In September 2025, Phosphoric Acid prices in Vietnam increased by 3.22%, reflecting cautious market sentiment, careful buying activity, and the impact of global uncertainties on regional trade throughout the quarter, supporting measured price recovery and balanced supply-demand conditions.

Australia: Phosphoric Acid Import prices Sydney, Australia, Grade- Food grade (85%).

In Q3 2025, The Phosphoric Acid prices in Australia went up by 1.42%, with a quarterly price range of USD 970–1077 per MT. The Phosphoric Acid price trend in Australia was influenced by sharp freight increases from Q2 to Q3, though demand from food processing, fertilizer, and industrial sectors remained stable. Importers managed tight supply amid logistics challenges, supporting firm prices and consistent market activity.

In September 2025, Phosphoric Acid prices in Australia continued their moderate rise by 1.57%, reflecting steady demand, proactive inventory replenishment, and careful procurement ahead of anticipated seasonal upticks, which added to balanced supply-demand fundamentals and stable trading conditions throughout the quarter.

South Korea: Phosphoric Acid Import prices Busan, South Korea, Grade- Food grade (85%).

In Q3 2025, The Phosphoric Acid prices in South Korea dipped by 2.23%, with a quarterly price range of USD 896–991 per MT. The Phosphoric Acid price trend in South Korea was swayed by cautious buying from downstream beverage, food, and fertilizer sectors amid steady supply. Stable freight rates and adequate inventory levels eased procurement urgency, managing market activity.

In September 2025, Phosphoric Acid prices in South Korea continued their softening trend by 0.17%, reflecting balanced supply-demand conditions, limited price volatility, and measured trading behavior that prevailed throughout the quarter, ensuring stable market fundamentals and consistent availability for regional buyers.

Brazil: Phosphoric Acid Export prices Santos, Brazil, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Brazil went up by 5.03%, with a quarterly price range of USD 1130–1175 per MT. The Phosphoric Acid price trend in Brazil was supported by stable export supply from Morocco, meeting firm demand from fertilizer producers ahead of seasonal crop cycles. Stabilized freight rates facilitated consistent cargo availability, while buyers took part in proactive procurement to secure volumes.

In September 2025, Phosphoric Acid prices in Brazil continued their upward trajectory by 2.37%, reflecting positive market sentiment, healthy downstream consumption, and active inventory restocking, which contributed to stable trading conditions and balanced supply-demand fundamentals throughout the quarter.

Spain: Phosphoric Acid Export prices Barcelona, Spain, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Spain went up by 5.47%, with a quarterly price range of USD 1071–1115 per MT. The Phosphoric Acid price trend in Spain was supported by improved demand from European fertilizer, food, and chemical sectors, alongside balanced supply and regular import flows. Freight costs rose fairly compared to Q2 but remained manageable, ensuring consistent cargo availability.

In September 2025, Phosphoric Acid prices in Spain continued their upward movement by 2.52%, reflecting proactive stock replenishment ahead of high application periods, firm market sentiment, and sustained trading activity throughout the quarter, supporting stable pricing and steady supply-demand fundamentals across the region.

Belgium: Phosphoric Acid Export prices Antwerp, Belgium, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Belgium went up by 2.21%, with a quarterly price range of USD 1103–1220 per MT. The Phosphoric Acid price trend in Belgium was influenced by conservative supply and strong downstream demand from fertilizer and chemical sectors, despite sharp freight cost decreases compared to Q2. Importers secured cargoes aggressively, supporting measured stock rebuilds and consistent market activity.

In September 2025, Phosphoric Acid prices in Belgium continued their upward movement by 3.53%, mirroring firm market sentiment, active procurement, and sustained demand throughout the quarter, contributing to balanced supply-demand fundamentals and stable trading conditions across the regional market.

India: Domestically Traded Phosphoric Acid price in Mumbai, India, Grade-Food Grade (85%).

In Q3 2025, The Phosphoric Acid prices in India increased by 3.12%, with a quarterly price range of USD 1100–1200 per MT. The Phosphoric Acid price trend in India was supported by strong demand from food, beverage, and fertilizer manufacturing sectors, alongside stable domestic supply and balanced import arrivals. Buyers replenished inventories amid steady downstream consumption and consistent production requirements.

According to Price-Watch, in September 2025, Phosphoric Acid prices in India continued their moderate rise by 4.31%, reflecting firm market sentiment, sustained demand, and proactive procurement strategies that prevailed throughout the quarter, supporting balanced supply-demand fundamentals and stable pricing conditions across regional markets.

Saudi Arabia: Phosphoric Acid Export prices Jeddah, Saudi Arabia, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Saudi Arabia increased by 8.22%, with a quarterly price range of USD 1150–1250 per MT. The Phosphoric Acid price trend in Saudi Arabia was driven by strong demand from the fertilizer sector, stable imports from Jordan, and smooth freight and logistics that facilitated consistent supply. Buyers actively restocked inventories ahead of upcoming agricultural cycles, ensuring uninterrupted downstream operations.

In September 2025, Phosphoric Acid prices in Saudi Arabia continued their upward trajectory by 3.44%, reflecting bullish market sentiment, firm procurement activity, and sustained demand throughout the quarter, which supported balanced supply-demand fundamentals and stable trading conditions across the regional market.

Canada: Phosphoric Acid Export prices Montreal, Canada, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Canada increased by 3.50%, with a quarterly price range of USD 1120–1155 per MT. The Phosphoric Acid price trend in Canada was supported by balanced supply from US suppliers, steady fertilizer demand, and consistent consumption across agricultural and industrial sectors. Importers maintained regular procurement, helping to smooth out seasonal variations and ensure uninterrupted downstream operations.

In September 2025, Phosphoric Acid prices in Canada continued their moderate rise by 2.13%, reflecting firm market fundamentals, supportive sentiment, and sustained trading activity throughout the quarter, contributing to stable pricing and balanced supply-demand dynamics across regional markets.

Mexico: Phosphoric Acid Export prices Manzanillo, Mexico, Grade- Fertilizer Grade (50-55%).

In Q3 2025, The Phosphoric Acid prices in Mexico increased by 3.26%, with a quarterly price range of USD 1040–1075 per MT. The Phosphoric Acid price trend in Mexico was supported by consistent imports from the USA, steady demand from local fertilizer manufacturers, and ongoing consumption across agricultural and industrial sectors.

Stable freight conditions facilitated supply continuity, while importers and distributors managed inventory carefully to align with anticipated seasonal demand. Buyers engaged in measured procurement to ensure uninterrupted downstream operations and maintain balanced stock levels.

In September 2025, Phosphoric Acid prices in Mexico continued their upward movement by 2.29%, reflecting cautious stock replenishment, balanced supply-demand dynamics, and sustained trading activity throughout the quarter, supporting firm pricing and market stability across regional markets.

Phosphoric Acid Price Trend Q4 2025

According to Price-Watch™ ,In Q4 2025, global Phosphoric Acid prices across fertilizer (50-55%) and food (85%) grades in key markets like Morocco, China, Jordan, USA, Vietnam, Australia, South Korea, Brazil, Spain, Belgium, India, Saudi Arabia, Canada, and Mexico mostly rose within a quarter-on-quarter range of roughly -0.2% to +6%, reflecting a broadly firm uptrend driven by elevated production costs via wet-process (phosphate rock + sulfuric acid) and thermal routes (elemental P4+ air + water), plus sustained fertilizer demand ahead of 2026 planting and steady food/pharma/beverage offtake.

Supply tightness arose from Moroccan/Jordanian export leverage, Chinese raw material firmness, and import reliance in Brazil/Spain/Saudi Arabia/India, tempered by freight fluctuations and ample North American output keeping USA/Canada/Mexico stable-to-lower.

Trading emphasized pre-season procurement and restocking amid port logistics, with minor December dips in select spots like Jordan/Vietnam/Australia/Saudi Arabia from buyer caution; overall, the quarter ended with balanced-but-firm supply, robust sectoral demand, and a bullish bias hinging on phosphate rock recovery, energy costs, freight trends, and agricultural cycles rather than speculation.

Morocco: Phosphoric Acid Export prices Casablanca, Morocco; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Morocco Phosphoric Acid price for Fertilizer Grade (50-55%) FOB Casablanca rose by 6.08%, and its quarterly price range was $1080-$1145 per MT. This upward price trend in Morocco was primarily driven by the process of extracting phosphate rock and then reacting it with sulfuric acid, which faced higher production costs during the quarter.

Morocco, as a key global supplier, saw sustained demand from international fertilizer manufacturers looking to secure volumes ahead of the 2026 planting season. In December 2025, Phosphoric Acid prices in Morocco increased by 2.26%, reflecting tight supply and strong bargaining power by regional exporters.

China: Phosphoric Acid Export prices Shanghai, China; Grade- Food grade (85%)

In Q4 2025, China Phosphoric Acid price for Food Grade (85%) FOB Shanghai rose by 3.85%, and its quarterly price range was $935-$960 per MT. The price trend in China was dictated by the thermal production route involving Elemental phosphorus (P4, air, and water. Despite intermittent logistical challenges at major ports, strong demand from the domestic and export food-processing sectors supported the price hike. In December 2025, Phosphoric Acid prices in China rose by 1.27%, as manufacturers passed on the costs of firm raw material phosphorus to the end consumers.

Jordan: Phosphoric Acid Export prices Aqaba, Jordan; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Jordan Phosphoric Acid price for Fertilizer Grade (50-55%) FOB Aqaba rose by 4.45%, and its quarterly price range was $1130-$1155 per MT. This price movement was supported by the consistent demand for high-analysis phosphate nutrients produced via the reaction of phosphate rock with sulfuric acid.

Jordan benefited from its strategic position to serve the Asian and Middle Eastern markets. However, in December 2025, Phosphoric Acid prices in Jordan saw a minor dip of -0.55%, as some buyers moved to the sidelines following the aggressive price rallies seen earlier in the quarter.

USA: Phosphoric Acid Export prices Houston, USA; Grade- Fertilizer Grade (50-55%)

In Q4 2025, USA Phosphoric Acid price for Fertilizer Grade (50-55%) FOB Houston fell slightly by -0.14%, and its quarterly price range was $980-$1010 per MT. The price trend in the US remained relatively stable as domestic supply from Florida and North Carolina mines was sufficient to meet the off-season agricultural demand.

While production costs for the wet-process acid remained firm, a balanced supply-demand outlook prevented significant fluctuations. In December 2025, Phosphoric Acid prices in the USA increased by 0.71%, as early-season restocking activities began to pick up in the Gulf Coast region.

Vietnam: Phosphoric Acid Export prices Haiphong, Vietnam; Grade- Food grade (85%)

In Q4 2025, Vietnam Phosphoric Acid price for Food Grade (85%) FOB Haiphong fell by -1.74%, and its quarterly price range was $1010-$1080 per MT. This downward price trend in Vietnam was influenced by competitive pressure from Chinese food-grade exports and a temporary buildup of local inventories.

The thermal production process using elemental phosphorus remained stable, but weak regional demand for industrial-grade applications weighed on the overall index. In December 2025, Phosphoric Acid prices in Vietnam decreased by -2.39%, as sellers offered discounts to stimulate year-end export volumes.

Australia: Phosphoric Acid Imported prices Sydney from China, Australia; Grade- Food grade (85%)

In Q4 2025, Australia Phosphoric Acid price for Food Grade (85%) CIF Sydney (CHINA) rose by 3.39%, and its quarterly price range was $1025-$1100 per MT. This price trend was driven by a stable increase in freight charges from China to Australia and the rising FOB values at the origin.

Australian food and beverage manufacturers maintained steady procurement levels to safeguard against potential supply chain disruptions. In December 2025, Phosphoric Acid prices in Australia decreased by -1.28%, following a slight cooling in the global shipping market and the fulfilment of major Q4 contracts.

South Korea: Phosphoric Acid Imported prices Busan from China, South Korea; Grade- Food grade (85%)

In Q4 2025, South Korea Phosphoric Acid price for Food Grade (85%) CIF Busan (CHINA) rose by 3.81%, and its quarterly price range was $965-$990 per MT. The upward price trend was supported by stable freight rates from China and firm demand from the South Korean high-tech and food processing industries.

The market remained sensitive to the raw material trends of Elemental phosphorus (P4) in the North Asian region. In December 2025, Phosphoric Acid prices in South Korea increased by 1.18%, tracking the late-quarter price adjustments seen in the Chinese export market.

Brazil: Phosphoric Acid Imported prices Santos from Morocco, Brazil; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Brazil Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Santos (MOROCCO) rose by 5.42%, and its quarterly price range was $1185-$1250 per MT. This price trend in Brazil was strongly linked to the rising export prices from Morocco and stable freight routes. As Brazil is a major importer of phosphate nutrients for its soybean and corn crops, the increase in wet-process acid costs was quickly absorbed by the market. In December 2025, Phosphoric Acid prices in Brazil increased by 1.73%, as the country prepared for its peak agricultural application window

Spain: Phosphoric Acid Imported prices Barcelona from Morocco, Spain; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Spain Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Barcelona (MOROCCO) rose by 5.70%, and its quarterly price range was $1125-$1195 per MT. The price trend in Spain mirrored the bullish sentiment in the Mediterranean region, with stable freight from Morocco ensuring a direct pass-through of origin price hikes.

Demand from the domestic specialty fertilizer sector remained robust throughout the quarter. In December 2025, Phosphoric Acid prices in Spain increased by 2.83%, driven by seasonal procurement and tighter regional availability.

Belgium: Phosphoric Acid Imported prices Antwerp from Morocco, Belgium; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Belgium Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Antwerp (MOROCCO) rose by 3.68%, and its quarterly price range was $1170-$1235 per MT. The upward trend in Belgium was slightly mitigated by a sharp decrease in freight charges from Q3 to Q4, which offset a portion of the rising Moroccan FOB costs.

As a key entry point for the European fertilizer market, Antwerp saw consistent trade volumes. In December 2025, Phosphoric Acid prices in Belgium rose by 2.41%, following the broader European trend of firming prices for nitrogen and phosphorus-based nutrients.

India: Domestically Traded Phosphoric Acid price in Mumbai, India; Grade-Food Grade (85%)

In Q4 2025, India Phosphoric Acid price for Food Grade (85%) Ex-Mumbai rose by 2.93%, and its quarterly price range was $1130-$1200 per MT. This upward price trend in India was driven by steady demand from the pharmaceutical and beverage industries and the rising cost of imported thermal-grade acid.

While India is a major consumer of fertilizer-grade acid, the food-grade sector saw its own supply constraints due to limited domestic (P4) production. In December 2025, Phosphoric Acid prices in India increased by 2.44%, as industrial consumers entered the market for year-end restocking.

Saudi Arabia: Phosphoric Acid Imported prices Jeddah from Jordan, Saudi Arabia; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Saudi Arabia Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Jeddah (JORDAN) rose by 4.42%, and its quarterly price range was $1245-$1270 per MT. This price trend was supported by a stable increase in freight from Jordan and firm demand for fertilizer blending in the region.

The proximity to Jordanian supply did not prevent prices from rising in line with global phosphate rock trends. In December 2025, Phosphoric Acid prices in Saudi Arabia saw a slight correction of -0.50%, reflecting a temporary stabilization in the local supply-demand balance.

Canada: Phosphoric Acid Imported prices Montreal from USA, Canada; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Canada Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Montreal (USA) fell slightly by -0.13%, and its quarterly price range was $1120-$1150 per MT. The price trend in Canada closely followed the US market, with stable freight from Houston ensuring a consistent pricing link.

The minor quarterly drop was a result of ample regional supply during the winter off-season. In December 2025, Phosphoric Acid prices in Canada increased by 0.67%, mirroring the marginal recovery seen in the US Gulf Coast market as participants looked toward 2026.

Mexico: Phosphoric Acid Imported prices Manzanillo from USA, Mexico; Grade- Fertilizer Grade (50-55%)

In Q4 2025, Mexico Phosphoric Acid price for Fertilizer Grade (50-55%) CIF Manzanillo (USA) fell slightly by -0.22%, and its quarterly price range was $1040-$1070 per MT. The Mexican market benefitted from stable freight costs from the US, which kept landed prices competitive.

Domestic agricultural demand was steady but insufficient to drive prices higher against the backdrop of a well-supplied North American market. In December 2025, Phosphoric Acid prices in Mexico rose by 0.96%, reflecting a minor seasonal uptick in preparation for the local growing season.