CIS: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in CIS

The CIS diammonium phosphate market declined to $X in 2022, falling by -5.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Diammonium Phosphate Production in CIS

In value terms, diammonium phosphate production declined to $X in 2022 estimated in export price. In general, production recorded a noticeable decline. The pace of growth was the most pronounced in 2015 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Diammonium Phosphate Exports

Exports in CIS

In 2022, the amount of diammonium phosphate exported in the CIS was estimated at X tons, picking up by 3.9% compared with 2021 figures. Overall, exports showed a mild increase. The growth pace was the most rapid in 2015 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2015 with an increase of 80% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly 100% of total exports in 2022.

Russia experienced a relatively flat trend pattern with regard to volume of exports of diammonium phosphate. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest diammonium phosphate supplier in the CIS.

In Russia, diammonium phosphate exports shrank by an average annual rate of -2.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, which is down by -19.7% against the previous year. Overall, the export price recorded a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of 51%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -3.1% per year.

Diammonium Phosphate Imports

Imports in CIS

Diammonium phosphate imports skyrocketed to X tons in 2022, increasing by 599% against the year before. Overall, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 1,069% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, diammonium phosphate imports soared to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 929%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Uzbekistan represented the major importing country with an import of about X tons, which finished at 68% of total imports. Belarus (X tons) ranks second in terms of the total imports with a 16% share, followed by Azerbaijan (13%). Russia (X tons) held a little share of total imports.

Uzbekistan was also the fastest-growing in terms of the diammonium phosphate imports, with a CAGR of +661.5% from 2012 to 2022. At the same time, Azerbaijan (+181.9%) and Belarus (+30.9%) displayed positive paces of growth. By contrast, Russia (-34.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan, Belarus and Azerbaijan increased by +68, +15 and +13 percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported diammonium phosphate in the CIS, comprising 71% of total imports. The second position in the ranking was held by Azerbaijan ($X), with a 15% share of total imports. It was followed by Belarus, with an 8.4% share.

In Uzbekistan, diammonium phosphate imports expanded at an average annual rate of +484.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (+136.9% per year) and Belarus (+13.4% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, rising by 9.9% against the previous year. Import price indicated modest growth from 2012 to 2022: its price 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, diammonium phosphate import price increased by +64.1% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 34% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+12.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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