Eastern Asia: Diammonium Phosphate Market 2025

Diammonium Phosphate Market Size in Eastern Asia

In 2022, the East Asian diammonium phosphate market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Diammonium Phosphate Production in Eastern Asia

In value terms, diammonium phosphate production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in Eastern Asia

In 2022, approx. X tons of diammonium phosphate were exported in Eastern Asia; dropping by -42.5% on the previous year. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 68% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, diammonium phosphate exports declined to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +62.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 82% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) represented roughly 99% of total exports in 2022.

China 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, China ($X) also remains the largest diammonium phosphate supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China totaled +3.3%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with an increase of 56% against the previous year. Over the period under review, the export price recorded a perceptible increase. The pace of growth was the most pronounced in 2021 an increase of 67%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +4.2% per year.

Diammonium Phosphate Imports

Imports in Eastern Asia

In 2022, the amount of diammonium phosphate imported in Eastern Asia was estimated at X tons, increasing by 8.5% on the previous year's figure. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports soared to $X in 2022. Overall, imports showed a noticeable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) represented the major importer of diammonium phosphate, achieving 83% of total imports. It was distantly followed by South Korea (X tons), committing a 17% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diammonium phosphate imports into Japan stood at +3.5%. At the same time, South Korea (+5.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +5.2% from 2012-2022. From 2012 to 2022, the share of Japan and South Korea increased by +24 and +6.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported diammonium phosphate in Eastern Asia, comprising 83% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to +8.4%.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, surging by 69% against the previous year. Overall, the import price enjoyed moderate growth. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea amounted to $X per ton.

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

Source: IndexBox Platform

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