Australia: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Australia

The Australian monoammonium phosphate market skyrocketed to $X in 2022, increasing by 39% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a strong expansion. Monoammonium phosphate consumption peaked in 2022 and is likely to see gradual growth in the near future.

Monoammonium Phosphate Exports

Exports from Australia

In 2022, monoammonium phosphate exports from Australia fell significantly to X tons, with a decrease of -41.1% against the previous year's figure. Overall, exports showed a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of 7,332% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, monoammonium phosphate exports declined remarkably to $X in 2022. In general, exports showed a noticeable reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 7,564%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for monoammonium phosphate exports from Australia, accounting for a 89% share of total exports. Moreover, monoammonium phosphate exports to the United States exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled -74.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and New Zealand (-30.7% per year).

In value terms, the United States ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Australia, comprising 78% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -70.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and New Zealand (-25.4% per year).

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, surging by 30% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 82% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the United States ($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 (+13.5%), while the prices for the other major destinations experienced mixed trend patterns.

Monoammonium Phosphate Imports

Imports into Australia

In 2022, after three years of growth, there was decline in supplies from abroad of monoammonium phosphate (MAP), when their volume decreased by -2.7% to X tons. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.3% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 41%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted slightly in the following year.

In value terms, monoammonium phosphate imports soared to $X in 2022. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 82%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Morocco (X tons) and Saudi Arabia (X tons) were the main suppliers of monoammonium phosphate imports to Australia, with a combined 69% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +181.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Morocco ($X) and Saudi Arabia ($X) appeared to be the largest monoammonium phosphate suppliers to Australia, together accounting for 68% of total imports.

In terms of the main suppliers, Morocco, with a CAGR of +204.0%, 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 monoammonium phosphate import price stood at $X per ton in 2022, rising by 67% against the previous year. Overall, the import price recorded a notable increase. As a result, import price reached 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 Mexico ($X per ton) and Russia ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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