The OCP Group retains its position as the world’s leading exporter of phosphates, despite a declining market share, dropping from 38% to 34% over the period January-September 2019. The group’s exports of raw phosphate increased from 11 million tonnes (MT) in 2018 to 9.5 MT in 2019, impacted by a 6% worldwide drop in exports of raw phosphate, indicates the OCP in its management report for the 2019 financial year.
“In this context, OCP has seen its exports to North America decrease due to the shutdowns of Nutrien’s capacities.” Concerning Acide, OCP also dominates, with 49% of market share, up 2%, year-on-year, specifies the report. The group saw its acid exports reach 1.5 MT P2O5 (P2O5: phosphorus pentoxide) at the end of the third quarter of 2019, against 1.37 MT P2O5 a year earlier.
As for fertilizers, OCP has managed to keep its market share thanks to the flexibility of its product and regional portfolio, in a market marked by oversupply and falling demand in Asia. The group is also the leading fertilizer exporter to Africa with nearly 58% market share at the end of 2019 despite a drop in exports to the continent.
OCP fertilizer exports to sub-Saharan Africa increased from 1.9 MT in 2018 to 1.8 MT in 2019.