EU: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the EU

In 2023, the EU monoammonium phosphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Monoammonium Phosphate Production in the EU

In value terms, monoammonium phosphate production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Monoammonium Phosphate Exports

Exports in the EU

In 2023, shipments abroad of monoammonium phosphate (MAP) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, monoammonium phosphate exports declined markedly to $X in 2023. Over the period under review, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then shrank notably in the following year.

Exports by Country

In 2023, Bulgaria (X tons), distantly followed by Belgium (X tons), Finland (X tons), Lithuania (X tons), the Netherlands (X tons), Portugal (X tons), Poland (X tons) and Spain (X tons) were the key exporters of monoammonium phosphate (MAP), together committing X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate supplying countries in the European Union were Belgium ($X), Bulgaria ($X) and Finland ($X), together accounting for X% of total exports. The Netherlands, Lithuania, Spain, Poland and Portugal lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Monoammonium Phosphate Imports

Imports in the EU

In 2023, the amount of monoammonium phosphate (MAP) imported in the European Union contracted significantly to X tons, which is down by X% on the previous year. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, monoammonium phosphate imports contracted dramatically to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Spain (X tons) and Italy (X tons) represented roughly X% of total imports in 2023. It was distantly followed by France (X tons), Romania (X tons), Lithuania (X tons), Poland (X tons), Germany (X tons), Belgium (X tons), the Netherlands (X tons) and Hungary (X tons), together comprising a X% share of total imports. The following importers - Greece (X tons), Bulgaria (X tons) and Slovenia (X tons) - each finished at a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Slovenia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate importing markets in the European Union were Spain ($X), Italy ($X) and the Netherlands ($X), with a combined X% share of total imports. France, Germany, Poland, Lithuania, Belgium, Romania, Hungary, Greece, Slovenia and Bulgaria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform