Benelux: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Benelux

The Benelux monoammonium phosphate market fell to $X in 2023, with a decrease of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Monoammonium Phosphate Production in Benelux

In value terms, monoammonium phosphate production reduced slightly to $X in 2023 estimated in export price. Overall, production, however, recorded a mild increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Monoammonium Phosphate Exports

Exports in Benelux

Monoammonium phosphate exports shrank significantly to X tons in 2023, falling by X% on the previous year. Over the period under review, exports showed a mild downturn. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then dropped markedly in the following year.

In value terms, monoammonium phosphate exports shrank dramatically to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then plummeted in the following year.

Exports by Country

In 2023, Belgium (X tons) represented the key exporter of monoammonium phosphate (MAP), comprising X% of total exports. It was distantly followed by the Netherlands (X tons), making up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of X%).

In value terms, the largest monoammonium phosphate supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2023, growing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, monoammonium phosphate export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%).

Monoammonium Phosphate Imports

Imports in Benelux

In 2023, after four years of growth, there was significant decline in purchases abroad of monoammonium phosphate (MAP), when their volume decreased by X% to X tons. In general, imports, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, monoammonium phosphate imports contracted dramatically to $X in 2023. Overall, imports, however, saw notable growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then fell markedly in the following year.

Imports by Country

In 2023, Belgium (X tons), followed by the Netherlands (X tons) represented the major importers of monoammonium phosphate (MAP), together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%).

In value terms, the Netherlands ($X) and Belgium ($X) appeared to be the countries with the highest levels of imports in 2023.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2023, dropping by X% against the previous year. Import price indicated measured growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, monoammonium phosphate import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Source: IndexBox Platform