EU: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the EU

The EU monoammonium phosphate market was estimated at $X in 2022, with an increase of 5.2% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Monoammonium Phosphate Production in the EU

In value terms, monoammonium phosphate production shrank slightly to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 40% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Monoammonium Phosphate Exports

Exports in the EU

In 2022, overseas shipments of monoammonium phosphate (MAP) decreased by -2.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 60%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, monoammonium phosphate exports soared to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of 51%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Lithuania (X tons), Poland (X tons), Finland (X tons), Spain (X tons), Slovenia (X tons), Portugal (X tons) and Bulgaria (X tons) were the key exporters of monoammonium phosphate (MAP), together achieving 88% of total exports.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +183.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate supplying countries in the European Union were Belgium ($X), Lithuania ($X) and Finland ($X), together comprising 52% of total exports. Poland, Spain, Slovenia, Bulgaria and Portugal lagged somewhat behind, together comprising a further 34%.

Portugal, with a CAGR of +168.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, increasing by 44% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate export price increased by +113.2% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the other leaders experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports in the EU

In 2022, approx. X tons of monoammonium phosphate (MAP) were imported in the European Union; shrinking by -8.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +107.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons), distantly followed by Italy (X tons), Belgium (X tons), Poland (X tons), the Netherlands (X tons), Hungary (X tons), Romania (X tons) and France (X tons) were the largest importers of monoammonium phosphate (MAP), together achieving 73% of total imports. Slovenia (X tons), Greece (X tons), Lithuania (X tons), Germany (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovenia (with a CAGR of +49.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest monoammonium phosphate importing markets in the European Union were Spain ($X), Italy ($X) and the Netherlands ($X), together accounting for 41% of total imports. Poland, France, Belgium, Hungary, Romania, Slovenia, Greece, Lithuania, the Czech Republic and Germany lagged somewhat behind, together accounting for a further 49%.

In terms of the main importing countries, Slovenia, with a CAGR of +56.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, surging by 56% against the previous year. Over the period under review, the import price recorded a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Slovenia ($X per ton), while Belgium ($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 (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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