Iran: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Iran

The Iranian monoammonium phosphate market stood at $X in 2022, picking up by 2.3% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 -2.2% against 2020 indices. Monoammonium phosphate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Monoammonium Phosphate Production in Iran

In value terms, monoammonium phosphate production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 -2.7% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 34%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Monoammonium Phosphate Exports

Exports from Iran

In 2018, after four years of growth, there was significant decline in overseas shipments of monoammonium phosphate (MAP), when their volume decreased by -62.3% to X tons. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. As a result, the exports reached the peak of X tons, and then fell remarkably in the following year.

In value terms, monoammonium phosphate exports contracted notably to $X in 2018. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 5.5%. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

Sri Lanka (X tons) was the main destination for monoammonium phosphate exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2018, the average annual rate of growth in terms of volume to Sri Lanka totaled +606.2%.

In value terms, Sri Lanka ($X) emerged as the key foreign market for monoammonium phosphate (MAP) exports from Iran.

From 2012 to 2018, the average annual rate of growth in terms of value to Sri Lanka totaled +238.0%.

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2018, dropping by -5.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 a decrease of -5% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2018, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Sri Lanka.

From 2012 to 2018, the rate of growth in terms of prices for Afghanistan amounted to -10.2% per year.

Monoammonium Phosphate Imports

Imports into Iran

Monoammonium phosphate imports into Iran surged to X tons in 2022, jumping by 62% compared with the year before. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 144% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, monoammonium phosphate imports surged to $X in 2022. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of 85%. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest monoammonium phosphate supplier to Iran, with a 80% share of total imports. Moreover, monoammonium phosphate imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+9.6% per year) and the United Arab Emirates (+26.0% per year).

In value terms, China ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Iran, comprising 81% of total imports. The second position in the ranking was held by Belgium ($X), with a 7% share of total imports. It was followed by the United Arab Emirates, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +13.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+57.6% per year) and the United Arab Emirates (+15.6% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, shrinking by -4.4% against the previous year. Overall, the import price showed a abrupt setback. The pace of growth appeared the most rapid in 2016 when the average import price increased by 8.7%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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