U.S. - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights
U.S. Monoammonium Phosphate Price Declines for Two Consecutive Months to $867 per Ton
U.S. Monoammonium Phosphate Export Price per Ton August 2022
In August 2022, the monoammonium phosphate price per ton amounted to $867, shrinking by -1.7% against the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in June 2022 when the average export price increased by 15% against the previous month. As a result, the export price attained the peak level of $996 per ton. From July 2022 to August 2022, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2022, the country with the highest price was the Dominican Republic ($3 per kg), while the average price for exports to Uruguay ($435 per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Monoammonium Phosphate Exports
Monoammonium phosphate exports from the United States skyrocketed to 165K tons in August 2022, jumping by 154% compared with July 2022. In general, exports, however, recorded a noticeable reduction. Over the period under review, the exports attained the peak figure at 280K tons in March 2022; however, from April 2022 to August 2022, the exports remained at a lower figure.
In value terms, monoammonium phosphate exports soared to $143M (IndexBox estimates) in August 2022. Overall, exports, however, recorded a mild reduction. The exports peaked at $254M in June 2022; however, from July 2022 to August 2022, the exports stood at a somewhat lower figure.
U.S. Monoammonium Phosphate Exports by Country
Canada (76K tons), Mexico (44K tons) and Brazil (31K tons) were the main destinations of monoammonium phosphate exports from the United States, together accounting for 92% of total exports.
From January 2022 to August 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +22.0%), while the other leaders experienced mixed trend patterns.
In value terms, Canada ($67M), Mexico ($40M) and Brazil ($26M) appeared to be the largest markets for monoammonium phosphate exported from the United States worldwide, together comprising 93% of total exports.
In terms of the main countries of destination, Mexico, with a CAGR of +23.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the monoammonium phosphate market in the U.S.. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
Join our live webinar to get insights into the global biomass market.
Thursday, October 14th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global anhydrous ammonia market.
Tuesday, June 15th, 2021 @ 04:00 pm ET
Join our live webinar to get insights into the global biodiesel market.
Thursday, June 10th, 2021 @ 04:00 pm ET