Canada: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Canada

The Canadian monoammonium phosphate market expanded rapidly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a strong increase. Monoammonium phosphate consumption peaked in 2022 and is expected to retain growth in the near future.

Monoammonium Phosphate Exports

Exports from Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of monoammonium phosphate (MAP), when their volume decreased by X% to X tons. Overall, exports recorded a dramatic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, monoammonium phosphate exports contracted markedly to $X in 2022. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for monoammonium phosphate exports from Canada, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) also remains the key foreign market for monoammonium phosphate (MAP) exports from Canada.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%.

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate export price increased by X% against 2020 indices. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to X% per year.

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Monoammonium Phosphate Imports

Imports into Canada

After eight years of growth, supplies from abroad of monoammonium phosphate (MAP) decreased by X% to X tons in 2022. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, monoammonium phosphate imports skyrocketed to $X in 2022. In general, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of monoammonium phosphate to Canada, with a X% share of total imports. Moreover, monoammonium phosphate imports from the United States exceeded the figures recorded by the second-largest supplier, Morocco (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Russia (X% per year).

In value terms, the United States ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Canada, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Russia (X% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, surging by X% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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