Russian Federation: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the Russian Federation

In 2022, the Russian monoammonium phosphate market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Monoammonium phosphate consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Monoammonium Phosphate Production in the Russian Federation

In value terms, monoammonium phosphate production declined to $X in 2022 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Monoammonium phosphate production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from the Russian Federation

In 2022, shipments abroad of monoammonium phosphate (MAP) decreased by -15.6% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, monoammonium phosphate exports dropped dramatically to $X in 2022. In general, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 129%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Brazil (X tons) was the main destination for monoammonium phosphate exports from Russia, with a 47% share of total exports. Moreover, monoammonium phosphate exports to Brazil exceeded the volume sent to the second major destination, Estonia (X tons), twofold. The third position in this ranking was held by Australia (X tons), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+9.0% per year) and Australia (+147.0% per year).

In value terms, Brazil ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from Russia, comprising 46% of total exports. The second position in the ranking was held by Estonia ($X), with a 19% share of total exports. It was followed by Australia, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Brazil totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+7.5% per year) and Australia (+127.6% per year).

Export Prices by Country

In 2022, the average monoammonium phosphate export price amounted to $X per ton, falling by -14.9% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 75% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to the United States ($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 Belarus (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into the Russian Federation

In 2022, after two years of growth, there was significant decline in purchases abroad of monoammonium phosphate (MAP), when their volume decreased by -87.3% to X tons. Overall, imports recorded a mild reduction. The growth pace was the most rapid in 2016 with an increase of 1,841%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, monoammonium phosphate imports dropped sharply to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2016 when imports increased by 1,170%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X tons) constituted the largest monoammonium phosphate supplier to Russia, with a 66% share of total imports. Moreover, monoammonium phosphate imports from Canada exceeded the figures recorded by the second-largest supplier, the UK (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Canada amounted to +430,997.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+436.3% per year) and Spain (+88.6% per year).

In value terms, Canada ($X), Spain ($X) and the UK ($X) appeared to be the largest monoammonium phosphate suppliers to Russia, with a combined 92% share of total imports.

Canada, with a CAGR of +130,148.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 monoammonium phosphate import price amounted to $X per ton, with an increase of 502% against the previous year. In general, the import price continues to indicate a resilient increase. As a result, import price reached 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 Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+33.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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