Global Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size

In 2023, after two years of growth, there was decline in the global monoammonium phosphate market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market hit record highs at $X in 2022, and then dropped in the following year.

Monoammonium Phosphate Production

In value terms, monoammonium phosphate production expanded rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth failed to regain momentum.

Monoammonium Phosphate Exports

Exports

Global monoammonium phosphate exports dropped to X tons in 2023, declining by X% compared with the previous year's figure. Over the period under review, total exports indicated a measured increase 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, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, monoammonium phosphate exports shrank remarkably to $X in 2023. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the global exports reached the peak figure at $X in 2022, and then declined notably in the following year.

Exports by Country

Russia (X tons), Morocco (X tons), China (X tons), the United States (X tons) and Saudi Arabia (X tons) represented roughly X% of total exports in 2023.

From 2012 to 2023, the biggest increases were recorded for Saudi Arabia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate supplying countries worldwide were Russia ($X), Morocco ($X) and the United States ($X), with a combined X% share of global exports. China and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Saudi Arabia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average monoammonium phosphate export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, export price indicated mild growth from 2012 to 2023: its price 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, monoammonium phosphate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then declined markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and Russia ($X per ton), while Morocco ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other global leaders experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports

In 2023, approx. X tons of monoammonium phosphate (MAP) were imported worldwide; with an increase of X% compared with the previous year's figure. In general, total imports indicated a resilient expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Global imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports dropped sharply to $X in 2023. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked at $X in 2022, and then declined notably in the following year.

Imports by Country

In 2023, Brazil (X tons) was the main importer of monoammonium phosphate (MAP), generating X% of total imports. Canada (X tons) held the second position in the ranking, followed by the United States (X tons), Australia (X tons) and Argentina (X tons). All these countries together held near X% share of total imports. The following importers - South Africa (X tons), Paraguay (X tons), India (X tons) and Chile (X tons) - each resulted at a X% share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Paraguay (X%), Chile (X%), the United States (X%), South Africa (X%), Canada (X%), Argentina (X%) and Australia (X%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. India experienced a relatively flat trend pattern. While the share of Brazil (X p.p.), Paraguay (X p.p.) and the United States (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Argentina (X p.p.) and Australia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported monoammonium phosphate (MAP) worldwide, comprising X% of global imports. The second position in the ranking was taken by Canada ($X), with a X% share of global imports. It was followed by the United States, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Canada (X% per year) and the United States (X% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2022, and then declined sharply in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Australia ($X per ton) and Canada ($X per ton), while South Africa ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform