EU: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the EU

The EU diammonium phosphate market soared to $X in 2023, rising by X% against the previous year. Overall, consumption, however, recorded a perceptible reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Diammonium Phosphate Production in the EU

In value terms, diammonium phosphate production surged to $X in 2023 estimated in export price. Overall, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in the EU

In 2023, shipments abroad of diammonium phosphate was finally on the rise to reach X tons for the first time since 2016, thus ending a six-year declining trend. Over the period under review, exports, however, continue to indicate a deep setback. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports soared to $X in 2023. In general, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Belgium represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Lithuania (X tons), Poland (X tons), Italy (X tons), Bulgaria (X tons) and the Netherlands (X tons), together committing a X% share of total exports. Romania (X tons) followed a long way behind the leaders.

Exports from Belgium increased at an average annual rate of X% from 2012 to 2023. At the same time, Italy (X%), Romania (X%) and Bulgaria (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%), Poland (X%) and Lithuania (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.), Italy (X p.p.), Bulgaria (X p.p.), Romania (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Lithuania (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest diammonium phosphate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Lithuania ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Belgium totaled X%. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Poland (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price, however, continues to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then dropped dramatically in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Belgium ($X per ton), while Bulgaria ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Diammonium Phosphate Imports

Imports in the EU

In 2023, purchases abroad of diammonium phosphate increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports surged to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, France (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Romania (X tons), Germany (X tons) and Belgium (X tons) was the key importer of diammonium phosphate in the European Union, creating X% of total import. It was distantly followed by Lithuania (X tons), creating a X% share of total imports.

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

In value terms, France ($X), Italy ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Spain, Poland, Romania, Belgium and Lithuania lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in the European Union amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined rapidly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Spain ($X per ton), while Romania ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform