Egypt: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Egypt

The Egyptian diammonium phosphate market shrank slightly to $X in 2022, falling by -2% against the previous year. Overall, consumption, however, posted prominent growth. Diammonium phosphate consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in Egypt

In value terms, diammonium phosphate production shrank to $X in 2022 estimated in export price. Overall, production saw a notable increase. The most prominent rate of growth was recorded in 2016 with an increase of 245%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Diammonium Phosphate Exports

Exports from Egypt

In 2022, the amount of diammonium phosphate exported from Egypt skyrocketed to X tons, rising by 16% on 2021 figures. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by 1,720%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports surged to $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 1,323%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X tons) was the main destination for diammonium phosphate exports from Egypt, accounting for a 70% share of total exports. Moreover, diammonium phosphate exports to Ireland exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. Sudan (X tons) ranked third in terms of total exports with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at +129.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+22.8% per year) and Sudan (+48.5% per year).

In value terms, Ireland ($X) emerged as the key foreign market for diammonium phosphate exports from Egypt, comprising 75% of total exports. The second position in the ranking was held by Sudan ($X), with a 6.3% share of total exports. It was followed by Libya, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at +307.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+63.2% per year) and Libya (+454,769.2% per year).

Export Prices by Country

The average diammonium phosphate export price stood at $X per ton in 2022, surging by 69% against the previous year. Over the period under review, the export price continues to indicate moderate growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 71%. The export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Turkey ($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 Bulgaria (+107.8%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into Egypt

Diammonium phosphate imports into Egypt rose markedly to X tons in 2022, growing by 13% on the previous year. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 519% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 455%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Jordan (X tons) constituted the largest supplier of diammonium phosphate to Egypt, with a 87% share of total imports. Moreover, diammonium phosphate imports from Jordan exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from Jordan totaled +59.7%.

In value terms, Jordan ($X) constituted the largest supplier of diammonium phosphate to Egypt, comprising 82% of total imports. The second position in the ranking was held by Turkey ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Jordan stood at +52.5%.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, picking up by 33% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 55% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Jordan ($X per ton), while the price for Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%).

Source: IndexBox Platform

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