Hong Kong SAR, China: Diammonium Phosphate Market 2025

Diammonium Phosphate Market Size in Hong Kong SAR, China

The Hong Kong diammonium phosphate market rose notably to $X in 2022, picking up by 9.9% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.3% against 2020 indices. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Diammonium Phosphate Production in Hong Kong SAR, China

In value terms, diammonium phosphate production rose markedly to $X in 2022 estimated in export price. In general, the total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% 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 -8.1% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 75% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Diammonium Phosphate Exports

Exports from Hong Kong SAR, China

Diammonium phosphate exports from Hong Kong SAR surged to X tons in 2022, picking up by 27% on the previous year's figure. In general, exports saw perceptible growth. The growth pace was the most rapid in 2020 when exports increased by 115%. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, diammonium phosphate exports contracted to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 65% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), Malaysia (X tons) and Estonia (X tons) were the main destinations of diammonium phosphate exports from Hong Kong SAR, together accounting for 87% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +25.8%), while the other leaders experienced mixed trend patterns.

In value terms, Thailand ($X) remains the key foreign market for diammonium phosphate exports from Hong Kong SAR, comprising 68% of total exports. The second position in the ranking was taken by Estonia ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +36.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (0.0% per year) and Malaysia (-19.2% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, which is down by -31.8% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 110% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 Thailand (+8.2%), while the prices for the other major destinations experienced a decline.

Diammonium Phosphate Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of diammonium phosphate decreased by -71% to X kg, falling for the sixth consecutive year after five years of growth. Over the period under review, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 188% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports skyrocketed to $X in 2022. In general, imports, however, enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 231%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) was the main supplier of diammonium phosphate to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +60.9%.

In value terms, the United States ($X) constituted the largest supplier of diammonium phosphate to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +38.4%.

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, with an increase of 340% against the previous year. Overall, the import price saw significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +32.0% per year.

Source: IndexBox Platform

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