Europe: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Europe

The Europe diammonium phosphate market shrank notably to $X in 2022, which is down by -17.4% against the previous year. Overall, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Diammonium Phosphate Production in Europe

In value terms, diammonium phosphate production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 20%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Diammonium Phosphate Exports

Exports in Europe

In 2022, overseas shipments of diammonium phosphate decreased by -17.9% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a noticeable reduction. The growth pace was the most rapid in 2015 when exports increased by 34%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports dropped sharply to $X in 2022. Over the period under review, exports continue to indicate a perceptible slump. The pace of growth appeared the most rapid in 2021 when exports increased by 48%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, reaching X tons, which was approx. 80% of total exports in 2022. It was distantly followed by Lithuania (X tons) and Belgium (X tons), together comprising a 12% share of total exports. Poland (X tons) took a relatively small share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of diammonium phosphate. Belgium (-1.8%), Poland (-12.1%) and Lithuania (-18.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia increased by +28 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest diammonium phosphate supplier in Europe, comprising 65% of total exports. The second position in the ranking was held by Lithuania ($X), with a 9.8% share of total exports. It was followed by Belgium, with an 8.8% share.

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 Belgium (-2.2% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, dropping by -10.8% against the previous year. Over the period under review, the export price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 an increase of 57% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 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 Europe

In 2022, purchases abroad of diammonium phosphate decreased by -48.4% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2013 when imports increased by 25%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports dropped significantly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports attained the peak of $X, and then shrank rapidly in the following year.

Imports by Country

Romania (X tons), Germany (X tons), France (X tons), Italy (X tons), Spain (X tons), the UK (X tons) and Ireland (X tons) represented roughly 77% of total imports in 2022. Belgium (X tons), Bulgaria (X tons), Poland (X tons), Austria (X tons), Hungary (X tons) and Lithuania (X tons) followed a long way behind the leaders.

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, the largest diammonium phosphate importing markets in Europe were Romania ($X), France ($X) and Germany ($X), with a combined 43% share of total imports. Italy, Spain, Ireland, the UK, Belgium, Bulgaria, Poland, Lithuania, Austria and Hungary lagged somewhat behind, together accounting for a further 50%.

Poland, with a CAGR of +12.1%, saw the highest rates of growth with regard to the value of imports, among 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 Europe amounted to $X per ton, rising by 58% against the previous year. In general, the import price saw measured growth. The most prominent rate of growth was recorded in 2021 when the import price increased by 66% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 ($X per ton), while the UK ($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