The Africa Challenge – Khemisset Potash Project
POPULATION + INTENSITY OF USE = DEMAND INCREASE (2Mtpa)
Population up ~2.5 fold since 1960, crops -3.5 fold, potash ~4.5 fold
(Index, 1960 =
100)
500
450
400
Potash
fertiliser
demand
350
Collapse of
Eastern Bloc
Crop
production
300
250
200
150
100
1960 1965 1970 1975 1980
1985
Underlying population growth increases
demand for crop production and therefore
fertiliser demand.
An increase for fertiliser demand of 2Mtpa
Since 1993, CAGR:
•
Population
1990 1995 2000 2005 2010 2015 2020
Data: UN World Population Prospects 2019; International Fertilizer Association; BHP analysis based on multiple sources.
Note that 'potash fertiliser demand' relates to estimated underlying consumption at the farm-level rather than to upstream MOP shipments.
Potash outlook briefing
17 June 2021
*BHP Potash Outlook
7
•
Potash fertiliser 2.7%.
Crop production 2.1%
Population growth 1.2%
Fertiliser demand increase outpaces
population growth and crop production.
5View entire presentation