Belgium: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Belgium

The Belgian diammonium phosphate market contracted sharply to $X in 2022, with a decrease of -92.9% against the previous year. Overall, consumption recorded a dramatic shrinkage. Diammonium phosphate consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in Belgium

In value terms, diammonium phosphate production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 195%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Diammonium Phosphate Exports

Exports from Belgium

After two years of growth, overseas shipments of diammonium phosphate decreased by -46.8% to X tons in 2022. Overall, exports saw a slight contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 119%. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, diammonium phosphate exports fell dramatically to $X in 2022. Over the period under review, exports recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 82%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main destinations of diammonium phosphate exports from Belgium, together accounting for 68% of total exports. The United States, Spain, Italy and Austria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for diammonium phosphate exported from Belgium worldwide, with a combined 53% share of total exports. Spain, the United States, Italy and Austria lagged somewhat behind, together comprising a further 32%.

The United States, with a CAGR of +15.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, rising by 14% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 43%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to France ($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 Austria (+6.3%), while the prices for the other major destinations experienced a decline.

Diammonium Phosphate Imports

Imports into Belgium

In 2022, supplies from abroad of diammonium phosphate decreased by -80.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 61%. Imports peaked at X tons in 2021, and then shrank significantly in the following year.

In value terms, diammonium phosphate imports shrank markedly to $X in 2022. Overall, imports showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $X, and then shrank notably in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of diammonium phosphate to Belgium, with a 68% share of total imports. Moreover, diammonium phosphate imports from Russia exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at -14.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-5.7% per year) and the Netherlands (-15.8% per year).

In value terms, Russia ($X) constituted the largest supplier of diammonium phosphate to Belgium, comprising 64% of total imports. The second position in the ranking was taken by Morocco ($X), with a 23% share of total imports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia amounted to -10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (-0.5% per year) and the Netherlands (-11.7% per year).

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, picking up by 86% against the previous year. Overall, the import price posted a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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