Eastern Europe: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Eastern Europe

The East European diammonium phosphate market declined to $X in 2022, with a decrease of -11.5% against the previous year. In general, consumption continues to indicate a mild downturn. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Diammonium Phosphate Production in Eastern Europe

In value terms, diammonium phosphate production reduced sharply to $X in 2022 estimated in export price. Overall, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 22% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in Eastern Europe

In 2022, overseas shipments of diammonium phosphate decreased by -15% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a pronounced setback. The pace of growth was the most pronounced in 2015 when exports increased by 36% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports shrank remarkably to $X in 2022. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, resulting at X tons, which was near 90% of total exports in 2022. It was distantly followed by Lithuania (X tons), constituting a 6.5% share of total exports. Poland (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of diammonium phosphate. Poland (-12.1%) and Lithuania (-18.0%) illustrated a downward trend over the same period. Russia (+31 p.p.) significantly strengthened its position in terms of the total exports, while Poland and Lithuania saw its share reduced by -3% and -27.7% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest diammonium phosphate supplier in Eastern Europe, comprising 80% of total exports. The second position in the ranking was held by Lithuania ($X), with a 12% share of total exports.

In Russia, diammonium phosphate exports plunged by an average annual rate of -2.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (-14.9% per year) and Poland (-6.9% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, falling by -15% against the previous year. In general, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by 58%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.9%), while the other leaders experienced mixed trends in the export price figures.

Diammonium Phosphate Imports

Imports in Eastern Europe

Diammonium phosphate imports reduced remarkably to X tons in 2022, waning by -47.5% against 2021 figures. Over the period under review, imports, however, saw a modest increase. The pace of growth was the most pronounced in 2016 with an increase of 47% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports contracted to $X in 2022. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Romania was the largest importer of diammonium phosphate in Eastern Europe, with the volume of imports accounting for X tons, which was approx. 56% of total imports in 2022. It was distantly followed by Bulgaria (X tons), Poland (X tons), Hungary (X tons) and Lithuania (X tons), together achieving a 36% share of total imports. Ukraine (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to diammonium phosphate imports into Romania stood at +3.0%. At the same time, Ukraine (+32.9%), Poland (+6.6%) and Lithuania (+2.6%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +32.9% from 2012-2022. By contrast, Bulgaria (-2.7%) and Hungary (-3.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Poland and Ukraine increased by +8.7, +4.2 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Romania ($X) constitutes the largest market for imported diammonium phosphate in Eastern Europe, comprising 56% of total imports. The second position in the ranking was held by Bulgaria ($X), with a 12% share of total imports. It was followed by Poland, with a 9.9% share.

In Romania, diammonium phosphate imports increased at an average annual rate of +8.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bulgaria (+2.8% per year) and Poland (+12.1% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, growing by 78% against the previous year. Overall, the import price saw strong growth. The growth pace was the most rapid in 2021 an increase of 78% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Lithuania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+9.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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