Diammonium Phosphate Market

Diammonium phosphate market: get access to new statistics enhanced by an Ai-driven BI tool. Data provide trade, market prices, consumption, imports, exports, companies, market size, and production. Here is a split by region, including Africa, China, Russia, the U.S., the U.K., EU, the Middle East, and Latin America. Market trends and outlook to 2030 are also featured in the reports.

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Diammonium Phosphate - World's Largest Markets

In value terms, the largest diammonium phosphate markets worldwide were China, India and the United States, with a combined 56% share of the global market. These countries were followed by Pakistan, Germany, Mexico, Bangladesh and Russia, which together accounted for a further 15%.

Among the main consuming countries, Germany saw the highest growth rate of market size, over the period under review, while diammonium phosphate market for the other global leaders experienced more modest paces of growth.

Diammonium Phosphate Prices

Diammonium Phosphate - Top Importers

In value terms, India ($2.1B) constitutes the largest market for imported diammonium phosphate (dap) worldwide, comprising 36% of global imports. The second position in the ranking was occupied by Pakistan ($370M), with a 6.2% share of global imports. It was followed by the United States, with a 4.9% share.

From 2018 to 2020, the average annual rate of growth in terms of value in India totaled -12.3%. In the other countries, the average annual rates were as follows: Pakistan (-33.7% per year) and the United States (-23.0% per year).

Diammonium Phosphate - Top Exporters

In value terms, the largest diammonium phosphate supplying countries worldwide were China ($1.8B), Morocco ($1.4B) and Saudi Arabia ($920M), together comprising 70% of global exports.

Morocco recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Diammonium Phosphate - Market Forecast

Depressed by shrinking demand for diammonium phosphate worldwide, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of for the period from 2020 to 2030, which is projected to depress the market volume to by the end of 2030.

Diammonium Phosphate - Product Coverage

• HS 310530 - Fertilizers, mineral or chemical; diammonium hydrogenorthophosphate (diammonium phosphate)