Russian Federation: Monoammonium Phosphate Market 2023

Monoammonium Phosphate Market Size in the Russian Federation

In 2021, the Russian monoammonium phosphate market decreased by -21.4% to $X, falling for the fourth year in a row after two years of growth. In general, consumption saw a perceptible decrease. Monoammonium phosphate consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Monoammonium Phosphate Production in the Russian Federation

In value terms, monoammonium phosphate production expanded notably to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 14%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Monoammonium Phosphate Exports

Exports from the Russian Federation

In 2021, the amount of monoammonium phosphate (MAP) exported from Russia soared to X tons, picking up by 19% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoammonium phosphate exports soared to $X in 2021. Overall, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for monoammonium phosphate exports from Russia, with a 51% share of total exports. Moreover, monoammonium phosphate exports to Brazil exceeded the volume sent to the second major destination, Estonia (X tons), threefold. South Africa (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+10.6% per year) and South Africa (+58.5% per year).

In value terms, Brazil ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Russia, comprising 53% of total exports. The second position in the ranking was held by Estonia ($X), with a 17% share of total exports. It was followed by South Africa, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled +14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+10.6% per year) and South Africa (+57.8% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2021, jumping by 92% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into the Russian Federation

In 2021, the amount of monoammonium phosphate (MAP) imported into Russia surged to X tons, picking up by 39% against the year before. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 315% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, monoammonium phosphate imports skyrocketed to $X in 2021. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2016 when imports increased by 319%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Lithuania (X tons) was the main supplier of monoammonium phosphate to Russia, with a 94% share of total imports. It was followed by Ukraine (X tons), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Lithuania amounted to +54.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and China (+22.5% per year).

In value terms, Lithuania ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Russia, comprising 94% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 2.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Lithuania stood at +54.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (0.0% per year) and China (+11.3% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2021, with an increase of 35% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Lithuania ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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