Australia and Oceania: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Australia and Oceania

The diammonium phosphate market in Australia and Oceania reduced to $X in 2022, which is down by -13.6% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -17.5% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in Australia and Oceania

In value terms, diammonium phosphate production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in 2016 with an increase of 31% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Diammonium Phosphate Exports

Exports in Australia and Oceania

In 2022, overseas shipments of diammonium phosphate increased by 1.2% to X tons, rising for the fourth year in a row after two years of decline. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.1% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 48% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diammonium phosphate exports soared to $X in 2022. In general, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 112% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Australia (X tons) was the key exporter of diammonium phosphate in Australia and Oceania, committing 99.9% of total export.

Australia was also the fastest-growing in terms of the diammonium phosphate exports, with a CAGR of +1.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest diammonium phosphate supplier in Australia and Oceania.

In Australia, diammonium phosphate exports increased at an average annual rate of +5.4% over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, picking up by 45% against the previous year. In general, the export price showed a perceptible increase. The pace of growth was the most pronounced in 2021 when the export price increased by 83% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +4.1% per year.

Diammonium Phosphate Imports

Imports in Australia and Oceania

In 2022, overseas purchases of diammonium phosphate decreased by -39.2% to X tons, falling for the third year in a row after two years of growth. Overall, imports recorded a mild reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, diammonium phosphate imports declined slightly to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% 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 +51.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

New Zealand (X tons) and Australia (X tons) prevails in imports structure, together generating 98% of total imports. Fiji (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Fiji (with a CAGR of +112.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, New Zealand ($X), Australia ($X) and Fiji ($X) were the countries with the highest levels of imports in 2022, together accounting for 100% of total imports.

Among the main importing countries, Fiji, with a CAGR of +101.7%, saw the highest rates of growth with regard to 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

In 2022, the import price in Australia and Oceania amounted to $X per ton, jumping by 63% against the previous year. Over the period under review, the import price recorded a prominent increase. The pace of growth appeared the most rapid in 2021 an increase of 69% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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