U.S.: Monoammonium Phosphate Market 2023

Monoammonium Phosphate Market Size in the U.S.

In 2021, after two years of decline, there was significant growth in the U.S. monoammonium phosphate market, when its value increased by 26% to $X. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.7% against 2018 indices. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Monoammonium Phosphate Production in the U.S.

In value terms, monoammonium phosphate production reached $X in 2021. Overall, production recorded a perceptible decrease. The growth pace was the most rapid in 2014 with an increase of 71% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Monoammonium Phosphate Exports

Exports from the U.S.

In 2021, overseas shipments of monoammonium phosphate (MAP) decreased by -15.7% to X tons, falling for the second year in a row after two years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 80% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, monoammonium phosphate exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for monoammonium phosphate exports from the United States, with a 74% share of total exports. Moreover, monoammonium phosphate exports to Canada exceeded the volume sent to the second major destination, Brazil (X tons), eightfold. The third position in this ranking was held by Australia (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-6.4% per year) and Australia (-9.9% per year).

In value terms, Canada ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from the United States, comprising 75% of total exports. The second position in the ranking was held by Brazil ($X), with a 9% share of total exports. It was followed by Australia, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to Canada totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-6.1% per year) and Australia (-9.5% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2021, jumping by 63% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Mexico ($X per ton), while the average price for exports to Japan ($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 Mexico (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into the U.S.

In 2021, imports of monoammonium phosphate (MAP) into the United States soared to X tons, rising by 52% against 2020 figures. Overall, imports showed resilient growth. The growth pace was the most rapid in 2018 when imports increased by 63%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, monoammonium phosphate imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a strong increase. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Mexico (X tons) and Morocco (X tons) were the main suppliers of monoammonium phosphate imports to the United States, together comprising 57% of total imports. These countries were followed by Jordan, Australia, Russia and Tunisia, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +132.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate suppliers to the United States were Saudi Arabia ($X), Mexico ($X) and Morocco ($X), together accounting for 55% of total imports. These countries were followed by Jordan, Russia, Australia and Tunisia, which together accounted for a further 35%.

Australia, with a CAGR of +150.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2021, rising by 29% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 45%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Russia ($X per ton) and Tunisia ($X per ton), while the price for Mexico ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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