Benelux: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Benelux

In 2022, the Benelux diammonium phosphate market decreased by -46.1% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption recorded a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Diammonium Phosphate Production in Benelux

In value terms, diammonium phosphate production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in Benelux

After two years of growth, shipments abroad of diammonium phosphate decreased by -45.5% to X tons in 2022. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 100%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports dropped sharply to $X in 2022. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium dominates exports structure, amounting to X tons, which was near 94% of total exports in 2022. It was distantly followed by the Netherlands (X tons), mixing up a 5.8% share of total exports.

Belgium was also the fastest-growing in terms of the diammonium phosphate exports, with a CAGR of -1.8% from 2012 to 2022. The Netherlands (-20.7%) illustrated a downward trend over the same period. Belgium (+28 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands saw its share reduced by -28.4% from 2012 to 2022, respectively.

In value terms, Belgium ($X) remains the largest diammonium phosphate supplier in Benelux, comprising 94% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belgium stood at -2.2%.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, picking up by 14% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by 39% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%).

Diammonium Phosphate Imports

Imports in Benelux

In 2022, after two years of growth, there was significant decline in overseas purchases of diammonium phosphate, when their volume decreased by -81.5% to X tons. Over the period under review, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 when imports increased by 91% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports fell significantly to $X in 2022. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 77%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Belgium represented the largest importer of diammonium phosphate in Benelux, with the volume of imports accounting for X tons, which was near 78% of total imports in 2022. It was distantly followed by the Netherlands (X tons), generating a 21% share of total imports.

Belgium was also the fastest-growing in terms of the diammonium phosphate imports, with a CAGR of -13.8% from 2012 to 2022. The Netherlands (-19.3%) illustrated a downward trend over the same period. While the share of Belgium (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the Netherlands (-13.3 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported diammonium phosphate in Benelux, comprising 79% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total imports.

In Belgium, diammonium phosphate imports decreased by an average annual rate of -9.7% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, jumping by 74% against the previous year. Over the period under review, the import price saw a perceptible expansion. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.8%).

Source: IndexBox Platform