EU: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the EU

The EU diammonium phosphate market dropped remarkably to $X in 2022, shrinking by -18.5% against the previous year. Over the period under review, consumption showed a slight decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Diammonium Phosphate Production in the EU

In value terms, diammonium phosphate production contracted rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 26%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in the EU

In 2022, shipments abroad of diammonium phosphate decreased by -55.3% to X tons, falling for the sixth year in a row after two years of growth. In general, exports faced a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 11% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, diammonium phosphate exports declined markedly to $X in 2022. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 40%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Lithuania (X tons) and Belgium (X tons) represented the largest exporters of diammonium phosphate in the European Union, together making up 59% of total exports. Poland (X tons) ranks next in terms of the total exports with an 8.6% share, followed by Germany (7.1%), Italy (6%) and France (5.4%). Bulgaria (X tons) and Romania (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest diammonium phosphate supplying countries in the European Union were Lithuania ($X), Belgium ($X) and Poland ($X), with a combined 64% share of total exports. Italy, Germany, France, Bulgaria and Romania lagged somewhat behind, together accounting for a further 29%.

Among the main exporting countries, Italy, with a CAGR of +28.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, jumping by 35% against the previous year. Overall, the export price enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2021 an increase of 68% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Romania ($X per ton), while Belgium ($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 (+5.9%), while the other leaders experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports in the EU

Diammonium phosphate imports fell sharply to X tons in 2022, waning by -46.4% against the year before. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports fell to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Romania (X tons), Germany (X tons), France (X tons), Italy (X tons) and Spain (X tons) represented roughly 70% of total imports in 2022. It was distantly followed by Ireland (X tons), creating a 6.8% share of total imports. Belgium (X tons), Bulgaria (X tons), Poland (X tons), Austria (X tons), Hungary (X tons) and Lithuania (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2022, with a combined 46% share of total imports. Italy, Spain, Ireland, Belgium, Bulgaria, Poland, Lithuania, Austria and Hungary lagged somewhat behind, together accounting for a further 48%.

Poland, with a CAGR of +12.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, jumping by 63% against the previous year. Overall, the import price posted perceptible growth. The pace of growth was the most pronounced in 2021 when the import price increased by 66% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Lithuania ($X per ton), while Germany ($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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