Vietnam: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Vietnam

The Vietnamese diammonium phosphate market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, continues to indicate a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Exports

Exports from Vietnam

In 2022, shipments abroad of diammonium phosphate decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports surged to $X in 2022. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for diammonium phosphate exports from Vietnam, with a X% share of total exports. Moreover, diammonium phosphate exports to Indonesia exceeded the volume sent to the second major destination, the Philippines (X tons), twofold. The third position in this ranking was taken by Ecuador (X tons), with an X% share.

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

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

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

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2022: its price 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. Based on 2022 figures, diammonium phosphate export price increased by X% against 2020 indices. As a result, the export price reached the peak level 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 Cambodia ($X per ton), while the average price for exports to the Philippines ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Diammonium Phosphate Imports

Imports into Vietnam

In 2022, the amount of diammonium phosphate imported into Vietnam contracted modestly to X tons, stabilizing at the year before. Over the period under review, imports showed a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, diammonium phosphate imports surged to $X in 2022. Overall, imports continue to indicate a perceptible slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Russia (X tons) and South Korea (X tons) were the main suppliers of diammonium phosphate imports to Vietnam, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest diammonium phosphate suppliers to Vietnam were China ($X), Russia ($X) and South Korea ($X), together accounting for X% of total imports.

Russia, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price saw noticeable growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per ton) and South Korea ($X per ton), while the price for China ($X per ton) and Russia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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