Luxembourg: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Luxembourg

The Luxembourg diammonium phosphate market reduced dramatically to $X in 2022, with a decrease of -16.9% against the previous year. Over the period under review, consumption continues to indicate a slight decrease. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Diammonium Phosphate Production in Luxembourg

In value terms, diammonium phosphate production stood at $X in 2022 estimated in export price. Overall, production, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29%. Diammonium phosphate production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Luxembourg

In 2022, shipments abroad of diammonium phosphate decreased by -85.6% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep slump. The growth pace was the most rapid in 2013 when exports increased by 800% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports declined significantly to $X in 2022. In general, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 672% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for diammonium phosphate exports from Luxembourg, accounting for a 80% share of total exports. Moreover, diammonium phosphate exports to Germany exceeded the volume sent to the second major destination, France (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-20.4% per year) and Belgium (-4.4% per year).

In value terms, Germany ($X) remains the key foreign market for diammonium phosphate exports from Luxembourg, comprising 81% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+2.3% per year) and France (-23.4% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, surging by 54% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diammonium phosphate export price increased by +123.0% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Belgium ($X per ton), while the average price for exports to France ($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 Belgium (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Diammonium Phosphate Imports

Imports into Luxembourg

In 2022, approx. X tons of diammonium phosphate were imported into Luxembourg; waning by -59.4% against 2021. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 1,317%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports shrank remarkably to $X in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,400% against the previous year. Imports peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest diammonium phosphate supplier to Luxembourg, with a 54% share of total imports. Moreover, diammonium phosphate imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+24.1% per year) and Belgium (+126.3% per year).

In value terms, Germany ($X), Belgium ($X) and France ($X) constituted the largest diammonium phosphate suppliers to Luxembourg, with a combined 100% share of total imports.

Among the main suppliers, Belgium, with a CAGR of +153.5%, recorded the highest rates of growth with regard to 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 diammonium phosphate import price stood at $X per ton in 2022, with an increase of 35% against the previous year. In general, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diammonium phosphate import price increased by +85.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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