Indonesia Phosphate Rock Market

indonesia’s phosphate rock market is expected to remain stable in the outlook period of 2018 to 2032. its production capacity and export profile is expected to remain unchanged during this period. with conservative demand for phosphate rock and an abundant supply, the market will continue to experience relatively low pricing. indonesia is the world’s tenth largest producer of phosphate rock, and its current production level is estimated to reach almost 3 million tonnes in the next decade. it is believed that the robust phosphate rock output of indonesia will outstrip the domestic demand over the next decade as domestic demand remains relatively weak. there will be little pressure on production costs as exports are expected to remain low as well. indonesian phosphate rock production is largely owned by state-operated pertamina, which holds a monopoly in the market. it is expected that other phosphate rock producers in indonesia will struggle to compete in the market due to pertamina's near-monopoly. this is expected to result in a limited amount of trading activity in the sector. indonesia’s phosphate rock market will remain largely unaffected by external factors in the next decade as the country is geographically distant from asia’s major phosphate rock production hubs. the country is not exposed to the same degree of price fluctuations and currency fluctuations as other markets. beyond the outlook period, the development of indonesia’s phosphate rock market is expected to be limited by the industry's dependence on pertamina. further, as long as domestic demand for phosphate rock remains low, the sector is expected to remain relatively small. despite this, the market should remain fairly stable and the supply-demand equation should remain balanced.