United Kingdom - Monoammonium Phosphate (MAP) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMonoammonium Phosphate Price in the UK - 2023
Contents:
- Monoammonium Phosphate Price in the UK (CIF) - 2023
- Monoammonium Phosphate Price in the UK (FOB) - 2022
- Monoammonium Phosphate Imports in the UK
- Monoammonium Phosphate Exports in the UK
Monoammonium Phosphate Price in the UK (CIF) - 2023
In August 2023, the average monoammonium phosphate import price amounted to $1,182 per ton, dropping by -2.2% against the previous month. Over the period under review, the import price saw a abrupt descent. The growth pace was the most rapid in June 2023 an increase of 18% m-o-m. The import price peaked at $2,329 per ton in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($1,611 per ton), while the price for Finland ($1,041 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Monoammonium Phosphate Price in the UK (FOB) - 2022
In 2022, the average monoammonium phosphate export price amounted to $2,444 per ton, dropping by -20.3% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2021 when the average export price increased by 64%. The export price peaked at $4,095 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($4,555 per ton), while the average price for exports to the Netherlands ($479 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.
Monoammonium Phosphate Imports in the UK
In 2022, approx. 7.2K tons of monoammonium phosphate (MAP) were imported into the UK; waning by -16.9% compared with 2021 figures. In general, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 101% against the previous year. As a result, imports attained the peak of 8.7K tons, and then shrank significantly in the following year.
In value terms, monoammonium phosphate imports expanded markedly to $7.8M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 173%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
Import of Monoammonium Phosphate in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 953 | 797 | 2,004 | 2,695 | 41.4% |
China | 531 | 204 | 81.0 | 1,228 | 32.2% |
Russia | 1,488 | 722 | 1,437 | 1,063 | -10.6% |
Finland | 14.8 | 618 | 3,116 | 1,046 | 313.5% |
Morocco | N/A | N/A | N/A | 755 | 0% |
Netherlands | 743 | 116 | 64.2 | 409 | -18.0% |
Spain | 10.7 | 22.6 | 9.7 | 371 | 226.1% |
Others | 35.5 | 101 | 338 | 263 | 94.9% |
Total | 3,776 | 2,581 | 7,049 | 7,829 | 27.5% |
Top Suppliers of Monoammonium Phosphate to the UK in 2022:
- Russia (1793.9 tons)
- Belgium (1580.3 tons)
- China (1566.2 tons)
- Netherlands (834.3 tons)
- Finland (644.0 tons)
- Morocco (404.5 tons)
- Spain (238.9 tons)
Monoammonium Phosphate Exports in the UK
In 2022, shipments abroad of monoammonium phosphate (MAP) was finally on the rise to reach 408 tons after two years of decline. Over the period under review, exports posted a moderate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, monoammonium phosphate exports soared to $996K in 2022. Overall, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Monoammonium Phosphate in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 301 | 152 | 137 | 493 | 17.9% |
Belgium | 100 | 84.4 | 64.6 | 155 | 15.7% |
Slovenia | 85.5 | 59.6 | 74.7 | 124 | 13.2% |
Ireland | 22.8 | 175 | 5.4 | 79.0 | 51.3% |
Spain | 6.8 | 15.3 | 14.0 | 59.4 | 105.9% |
Netherlands | 61.7 | N/A | 1.5 | 38.9 | -14.3% |
Poland | 47.2 | 61.3 | 1.5 | N/A | -82.2% |
Italy | 52.6 | 40.6 | N/A | N/A | -22.8% |
Others | 37.7 | 40.8 | 81.6 | 45.9 | 6.8% |
Total | 716 | 629 | 380 | 996 | 11.6% |
Top Export Markets for Monoammonium Phosphate from the UK in 2022:
- Germany (145.9 tons)
- Ireland (84.6 tons)
- Netherlands (81.1 tons)
- Belgium (45.0 tons)
- Slovenia (33.0 tons)
- Spain (13.1 tons)
This report provides an in-depth analysis of the monoammonium phosphate market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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 March 2023, the price of Monoammonium Phosphate was $1,598 per ton (CIF, United Kingdom), showing a decline of -3.4% compared to 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.