Italy: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Italy

The Italian monoammonium phosphate market declined modestly to $X in 2022, shrinking by -2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a tangible increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Monoammonium Phosphate Exports

Exports from Italy

In 2022, exports of monoammonium phosphate (MAP) from Italy declined sharply to X tons, shrinking by -18.7% on the previous year. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 9,422% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, monoammonium phosphate exports skyrocketed to $X in 2022. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 4,549%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Slovakia (X tons) was the main destination for monoammonium phosphate exports from Italy, with a 60% share of total exports. Moreover, monoammonium phosphate exports to Slovakia exceeded the volume sent to the second major destination, Austria (X tons), fivefold. Slovenia (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Slovakia amounted to +86.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+8.4% per year) and Slovenia (+33.2% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for monoammonium phosphate (MAP) exports from Italy, comprising 53% of total exports. The second position in the ranking was held by Germany ($X), with a 14% share of total exports. It was followed by Slovenia, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at +85.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+195.0% per year) and Slovenia (+39.4% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, increasing by 92% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 107% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Algeria ($X per ton), while the average price for exports to Croatia ($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 Algeria (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into Italy

In 2022, imports of monoammonium phosphate (MAP) into Italy declined notably to X tons, dropping by -32.4% against 2021 figures. Over the period under review, imports, however, posted moderate growth. The pace of growth was the most pronounced in 2015 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank markedly in the following year.

In value terms, monoammonium phosphate imports soared to $X in 2022. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 99% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Morocco (X tons), Russia (X tons) and China (X tons) were the main suppliers of monoammonium phosphate imports to Italy, together comprising 80% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +58.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Russia ($X) and China ($X) appeared to be the largest monoammonium phosphate suppliers to Italy, with a combined 81% share of total imports.

In terms of the main suppliers, China, with a CAGR of +63.5%, 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 average monoammonium phosphate import price stood at $X per ton in 2022, rising by 84% against the previous year. Over the period under review, the import price enjoyed a notable expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Israel ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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