Phosphoric Acid Market in the United States
In value terms, phosphoric acid production declined to $ in . Overall, production showed a noticeable reduction. The pace of growth appeared the most rapid in 2008 when the production volume increased by % against the previous year. Phosphoric acid production peaked at $ in 2013; however, from 2014 to , production failed to regain momentum.
The value of the phosphoric acid market in the United States shrank notably to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption remained at a lower figure.