Netherlands: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the Netherlands

The Dutch monoammonium phosphate market reduced slightly to $X in 2022, stabilizing at the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 -1.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Monoammonium Phosphate Production in the Netherlands

In value terms, monoammonium phosphate production contracted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 -6.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 42%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from the Netherlands

In 2022, shipments abroad of monoammonium phosphate (MAP) increased by 4% to X tons, rising for the third year in a row after five years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 796% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, monoammonium phosphate exports soared to $X in 2022. In general, exports showed a modest expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 978% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Chile (X tons), Ecuador (X tons) and Norway (X tons) were the main destinations of monoammonium phosphate exports from the Netherlands, with a combined 55% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +590.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Ecuador ($X) and Norway ($X) constituted the largest markets for monoammonium phosphate exported from the Netherlands worldwide, together comprising 56% of total exports.

In terms of the main countries of destination, Ecuador, with a CAGR of +630.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, increasing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. 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 export markets. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to the UK ($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 South Africa (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into the Netherlands

In 2022, supplies from abroad of monoammonium phosphate (MAP) increased by 11% to X tons, rising for the third year in a row after two years of decline. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2020 when imports increased by 50%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, monoammonium phosphate imports soared to $X in 2022. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by 67%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Belgium (X tons), Finland (X tons) and China (X tons) were the main suppliers of monoammonium phosphate imports to the Netherlands, together accounting for 78% of total imports. Lithuania, Germany, Latvia, Israel and Estonia lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +194.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of monoammonium phosphate (MAP) to the Netherlands, comprising 52% of total imports. The second position in the ranking was held by Finland ($X), with a 19% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Belgium stood at +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+129.6% per year) and China (+121.9% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, rising by 44% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Israel ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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