Is there an equivalent female term for phallic?

Phallic is used for both male and female, see definition 3.

Main Entry: phallic
Pronunciation: 'fa-lik
Function: adjective
Date: 1789
1 : of or relating to phallicism ''a phallic cult''
2 : of, relating to, or resembling a phallus
3 : relating to or being the stage of psychosexual development in psychoanalytic theory during which a child becomes interested in his or her own sexual organs

Phallic means representing a phallus or a penis. (The lack of one in women would suggest that phallacy would be a suitable word). A better equivalent would be yonic, which comes from the sanskrit word for womb and is a representation of the vulva symbolising the feminine principle in Hinduism

Adding the link for "yoni":

Main Entry: yo·ni
Pronunciation: ˈyō-nē
Function: noun
Etymology: Sanskrit, vulva
Date: 1799
: a stylized representation of the female genitalia that in Hinduism is a sign of generative power and that symbolizes the goddess Shakti — compare lingam

http://www.merriam-webster.com/dictionary/yonic