Romania: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Romania

The Romanian diammonium phosphate market soared to $X in 2022, with an increase of 38% 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). Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +53.0% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Exports

Exports from Romania

In 2022, approx. X tons of diammonium phosphate were exported from Romania; falling by -66.3% compared with the year before. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 850% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, diammonium phosphate exports contracted markedly to $X in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 466% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted rapidly in the following year.

Exports by Country

Hungary (X tons), Austria (X tons) and Bulgaria (X tons) were the main destinations of diammonium phosphate exports from Romania, with a combined 95% share of total exports. These countries were followed by Ukraine, which accounted for a further 4.7%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +257.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for diammonium phosphate exported from Romania were Hungary ($X), Austria ($X) and Bulgaria ($X), with a combined 95% share of total exports. These countries were followed by Ukraine, which accounted for a further 4.2%.

Among the main countries of destination, Ukraine, with a CAGR of +193.9%, saw 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

In 2022, the average diammonium phosphate export price amounted to $X per ton, rising by 85% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Austria ($X per ton) and Hungary ($X per ton), while the average price for exports to Bulgaria ($X per ton) and Ukraine ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into Romania

In 2022, approx. X tons of diammonium phosphate were imported into Romania; which is down by -15.7% against 2021 figures. Overall, imports, however, posted a notable increase. The pace of growth was the most pronounced in 2016 when imports increased by 71% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, diammonium phosphate imports skyrocketed to $X in 2022. In general, imports, however, showed resilient growth. The growth pace was the most rapid in 2021 when imports increased by 54%. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Morocco (X tons), Turkey (X tons) and Jordan (X tons) were the main suppliers of diammonium phosphate imports to Romania, with a combined 58% share of total imports. Russia, Tunisia, Egypt and Bulgaria lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +25.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Turkey ($X) and Jordan ($X) were the largest diammonium phosphate suppliers to Romania, together accounting for 59% of total imports.

Jordan, with a CAGR of +71.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, increasing by 82% against the previous year. Overall, the import price showed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Morocco ($X per ton) and Tunisia ($X per ton), while the price for Russia ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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