Eastern Europe: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Eastern Europe

The East European monoammonium phosphate market expanded sharply to $X in 2023, picking up by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Monoammonium Phosphate Production in Eastern Europe

In value terms, monoammonium phosphate production rose rapidly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Monoammonium Phosphate Exports

Exports in Eastern Europe

In 2023, overseas shipments of monoammonium phosphate (MAP) increased by X% to X tons, rising for the third year in a row after two years of decline. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, monoammonium phosphate exports shrank significantly to $X in 2023. Overall, exports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then dropped sharply in the following year.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. Bulgaria (X tons) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Bulgaria (X%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Russia decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest monoammonium phosphate supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Bulgaria ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia stood at X%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price, however, showed a mild increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Russia amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%).

Monoammonium Phosphate Imports

Imports in Eastern Europe

In 2023, overseas purchases of monoammonium phosphate (MAP) were finally on the rise to reach X tons after three years of decline. In general, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports attained the peak of X tons. From 2020 to 2023, the growth of imports failed to regain momentum.

In value terms, monoammonium phosphate imports rose rapidly to $X in 2023. Over the period under review, imports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Ukraine (X tons), distantly followed by Belarus (X tons), Romania (X tons), Lithuania (X tons), Poland (X tons), Hungary (X tons), Bulgaria (X tons) and the Czech Republic (X tons) represented the key importers of monoammonium phosphate (MAP), together creating X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Ukraine ($X) constitutes the largest market for imported monoammonium phosphate (MAP) in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

In Ukraine, monoammonium phosphate imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Poland (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price, however, posted a modest increase. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform