Russian Federation: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the Russian Federation

The Russian diammonium phosphate market reduced remarkably to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a abrupt setback. Diammonium phosphate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in the Russian Federation

In value terms, diammonium phosphate production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Diammonium Phosphate Exports

Exports from the Russian Federation

In 2022, after two years of decline, there was significant growth in overseas shipments of diammonium phosphate, when their volume increased by X% to X tons. In general, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, diammonium phosphate exports surged to $X in 2022. Over the period under review, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for diammonium phosphate exports from Russia, with a X% share of total exports. Moreover, diammonium phosphate exports to India exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Italy (X% per year).

In value terms, India ($X) emerged as the key foreign market for diammonium phosphate exports from Russia, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price showed a measured increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into the Russian Federation

In 2022, supplies from abroad of diammonium phosphate increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a sharp curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports rose notably to $X in 2022. Over the period under review, imports, however, saw a dramatic slump. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Estonia (X tons) constituted the largest supplier of diammonium phosphate to Russia, with a X% share of total imports. Moreover, diammonium phosphate imports from Estonia exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Estonia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Poland (X% per year).

In value terms, the largest diammonium phosphate suppliers to Russia were Germany ($X), Estonia ($X) and Lithuania ($X), together accounting for X% of total imports. Armenia, Poland, Italy and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded 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

The average diammonium phosphate import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Armenia ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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