Report Update Apr 20, 2024

Republic of Korea - Diammonium Phosphate (DAP) - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Republic of Korea

After two years of growth, the South Korean diammonium phosphate market decreased by X% to $X in 2023. Overall, consumption, however, showed a moderate expansion. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Diammonium Phosphate Production in Republic of Korea

In value terms, diammonium phosphate production stood at $X in 2023 estimated in export price. Over the period under review, production recorded a pronounced slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Diammonium phosphate production peaked at $X in 2016; however, from 2017 to 2023, production failed to regain momentum.

Diammonium Phosphate Exports

Exports from Republic of Korea

In 2023, overseas shipments of diammonium phosphate increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, diammonium phosphate exports dropped to $X in 2023. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for diammonium phosphate exports from South Korea, accounting for a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to Vietnam stood at X%.

In value terms, Vietnam ($X) also remains the key foreign market for diammonium phosphate exports from South Korea.

From 2012 to 2023, the average annual growth rate of value to Vietnam amounted to X%.

Export Prices by Country

In 2023, the average diammonium phosphate export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price recorded a slight decrease. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced markedly in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for Vietnam amounted to X% per year.

Diammonium Phosphate Imports

Imports into Republic of Korea

Diammonium phosphate imports into South Korea shrank to X tons in 2023, which is down by X% compared with the previous year's figure. Overall, total imports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, diammonium phosphate imports reduced rapidly to $X in 2023. Over the period under review, imports, however, continue to indicate a resilient expansion. 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 notably in the following year.

Imports by Country

In 2023, China (X tons) was the main supplier of diammonium phosphate to South Korea, with a X% share of total imports. Moreover, diammonium phosphate imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of diammonium phosphate to South Korea, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2023, the average diammonium phosphate import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, enjoyed temperate growth. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then fell markedly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China stood at $X per ton.

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

Source: IndexBox Platform

This report provides an in-depth analysis of the diammonium phosphate market in Republic of Korea. 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 4022 - Diammonium phosphate (DAP)

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023