Mexico - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonoammonium Phosphate Price in Mexico - 2023
Contents:
- Monoammonium Phosphate Price in Mexico (FOB) - 2022
- Monoammonium Phosphate Price in Mexico (CIF) - 2023
- Monoammonium Phosphate Exports in Mexico
- Monoammonium Phosphate Imports in Mexico
Monoammonium Phosphate Price in Mexico (FOB) - 2022
In July 2022, the average monoammonium phosphate export price amounted to $1,947 per ton, approximately reflecting the previous month. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in September 2021 when the average export price increased by 108% m-o-m. The export price peaked in July 2022.
As there is only one major export destination, the average price level is determined by prices for the United States.
From August 2021 to July 2022, the rate of growth in terms of prices for the United States amounted to +10.6% per month.
Monoammonium Phosphate Price in Mexico (CIF) - 2023
In August 2023, the average monoammonium phosphate import price amounted to $564 per ton, falling by -32.9% against the previous month. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in January 2023 an increase of 55% against the previous month. The import price peaked at $1,634 per ton in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was China ($649 per ton), while the price for the United States stood at $525 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Russia (0.0%), while the prices for the other major suppliers experienced a decline.
Monoammonium Phosphate Exports in Mexico
In 2022, overseas shipments of monoammonium phosphate (MAP) decreased by -98.7% to 3.7K tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 92% against the previous year. As a result, the exports reached the peak of 508K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, monoammonium phosphate exports dropped dramatically to $1.8M in 2022. Over the period under review, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2020 with an increase of 50%. As a result, the exports reached the peak of $182M. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Monoammonium Phosphate in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 64.6 | 109 | 147 | 1.8 | -69.7% |
Argentina | N/A | 10.6 | N/A | N/A | 0% |
Peru | N/A | 8.2 | N/A | N/A | 0% |
Brazil | 48.0 | 54.2 | N/A | N/A | 12.9% |
Others | 8.6 | N/A | 0.2 | N/A | -84.8% |
Total | 121 | 182 | 147 | 1.8 | -75.4% |
Top Export Markets for Monoammonium Phosphate from Mexico in 2022:
- United States (3.7K tons)
Monoammonium Phosphate Imports in Mexico
After two years of decline, purchases abroad of monoammonium phosphate (MAP) increased by 67% to 215K tons in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, monoammonium phosphate imports skyrocketed to $174M in 2022. Over the period under review, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Monoammonium Phosphate in Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 17.2 | 22.6 | 33.1 | 82.0 | 68.3% |
United States | 43.2 | 20.4 | 18.5 | 69.0 | 16.9% |
Russia | 2.1 | 3.2 | 0.3 | 23.4 | 123.4% |
Morocco | 20.9 | 12.7 | 32.2 | N/A | 24.1% |
Others | 0.3 | 1.4 | N/A | N/A | 366.7% |
Total | 83.7 | 60.3 | 84.1 | 174 | 27.6% |
Top Suppliers of Monoammonium Phosphate to Mexico in 2022:
- China (111.0K tons)
- United States (72.7K tons)
- Russia (31.6K tons)
This report provides an in-depth analysis of the monoammonium phosphate market in Mexico. 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.
Product coverage:
- FCL 4023 - Monoammonium phosphate (MAP)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In December 2022, the diammonium phosphate price amounted to $724 per ton (CIF, Mexico), dropping by -66.5% against the previous month.
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Fertilizer prices continue to ramp up due to a shortage in supply caused by lower output in EU countries. High natural gas costs shape that growth because gas accounts for up to 80% of variable costs in nitrogen fertilizer production. Urea prices spiked exceptionally high to $900 per ton in November 2021, gaining 30% against the previous month. Phosphate rock price rose by 4%, while diammonium phosphate and triple superphosphate were both up by 8%. Next year, fertilizer prices are projected to climb further due to a continued shortage in supply, but if costs for natural gas maintain their downward trend, they will hold the price increases back.