
Brazil - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights
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Brazil's Monoammonium Phosphate Imports Soar to $1.5B
IndexBox has just published a new report: 'Brazil - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
Brazil's Monoammonium Phosphate Imports
In 2020, the amount of monoammonium phosphate (MAP) imported into Brazil skyrocketed to 4.8M tonnes, surging by 22% against the year before. In value terms, MAP purchases rose remarkably from $1.4B to $1.5B (IndexBox estimates).
Morocco (1.9M tonnes), Russia (1.1M tonnes) and Saudi Arabia (764K tonnes) were the main suppliers of monoammonium phosphate imports to Brazil, together comprising 78% of total volume. The U.S., China and Mexico lagged somewhat behind, together accounting for a further 22%.
In 2020, the volume of purchases from Mexico rose fourfold, while imports for the other leaders experienced more modest paces of growth.
In value terms, Morocco ($618M), Russia ($343M) and Saudi Arabia ($235M) were the largest monoammonium phosphate suppliers to Brazil, together comprising 78% of total imports. The U.S., China and Mexico lagged somewhat behind, together accounting for a further 22%.
The average monoammonium phosphate import price stood at $321 per tonne in 2020, dropping by -11.9% against the previous year. Average prices varied noticeably amongst the major supplying countries. The highest prices were recorded for prices from China ($350 per tonne) and Morocco ($328 per tonne), while the price for the U.S. ($295 per tonne) and Saudi Arabia ($307 per tonne) were amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Morocco, while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the monoammonium phosphate market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
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