Malaysia: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Malaysia

In 2022, after two years of growth, there was significant decline in the Malaysian monoammonium phosphate market, when its value decreased by -24.5% to $X. In general, consumption, however, saw noticeable growth. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Monoammonium Phosphate Exports

Exports from Malaysia

In 2022, after four years of decline, there was significant growth in overseas shipments of monoammonium phosphate (MAP), when their volume increased by 33% to X tons. Overall, exports, however, showed a deep slump. The pace of growth was the most pronounced in 2017 with an increase of 1,386%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, monoammonium phosphate exports expanded markedly to $X in 2022. In general, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 933% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for monoammonium phosphate exports from Malaysia, accounting for a 85% share of total exports. Moreover, monoammonium phosphate exports to Australia exceeded the volume sent to the second major destination, Indonesia (X tons), sevenfold. Kenya (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +49.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-10.8% per year) and Kenya (+7.5% per year).

In value terms, Australia ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Malaysia, comprising 81% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports. It was followed by Kenya, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-12.0% per year) and Kenya (+5.4% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, waning by -13.8% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per ton), while the average price for exports to Indonesia ($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 Indonesia (-1.3%), while the prices for the other major destinations experienced a decline.

Monoammonium Phosphate Imports

Imports into Malaysia

In 2022, overseas purchases of monoammonium phosphate (MAP) decreased by -18.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 147% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank markedly in the following year.

In value terms, monoammonium phosphate imports dropped markedly to $X in 2022. Overall, imports, however, enjoyed a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 114% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

China (X tons), Italy (X tons) and Vietnam (X tons) were the main suppliers of monoammonium phosphate imports to Malaysia, together comprising 98% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +23.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of monoammonium phosphate (MAP) to Malaysia, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 28% share of total imports. It was followed by Vietnam, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+19.1% per year) and Vietnam (+6.1% per year).

Import Prices by Country

In 2022, the average monoammonium phosphate import price amounted to $X per ton, with a decrease of -9.9% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 37%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Vietnam ($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 (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :