Report Update Nov 1, 2024

Singapore - Diammonium Phosphate (DAP) - Market Analysis, Forecast, Size, Trends and Insights

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Singapore: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Singapore

In 2022, the Singaporean diammonium phosphate market decreased by -0.1% to $X, falling for the second consecutive year after two years of growth. The market value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Diammonium Phosphate Production in Singapore

In value terms, diammonium phosphate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Singapore

After four years of decline, overseas shipments of diammonium phosphate increased by 168% to X tons in 2022. Overall, exports showed modest growth. The pace of growth appeared the most rapid in 2015 with an increase of 183% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports skyrocketed to $X in 2022. In general, exports showed a temperate increase. The pace of growth appeared the most rapid in 2015 when exports increased by 270%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Indonesia (X tons) was the main destination for diammonium phosphate exports from Singapore, accounting for a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Indonesia totaled +1.0%.

In value terms, Indonesia ($X) also remains the key foreign market for diammonium phosphate exports from Singapore.

From 2012 to 2022, the average annual growth rate of value to Indonesia stood at +3.6%.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, reducing by -19% against the previous year. In general, the export price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 70%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Indonesia.

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +52.1% per year.

Diammonium Phosphate Imports

Imports into Singapore

In 2022, purchases abroad of diammonium phosphate increased by 59% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2015 with an increase of 207% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports surged to $X in 2022. In general, imports continue to indicate a moderate increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main diammonium phosphate supplier to Singapore, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.9%.

In value terms, China ($X) constituted the largest supplier of diammonium phosphate to Singapore.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.0%.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, growing by 66% against the previous year. In general, the import price recorded a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 80% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for diammonium phosphate in the world?

The countries with the highest volumes of diammonium phosphate consumption in 2021 were China, India and the United States, with a combined 54% share of global consumption. Pakistan, Russia, Nigeria, Germany and Mexico lagged somewhat behind, together comprising a further 16%.

What are the largest producers of diammonium phosphate in the world?

China constituted the country with the largest volume of diammonium phosphate production, accounting for 36% of total volume. Moreover, diammonium phosphate production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Morocco, with an 8.5% share.

What are the leading suppliers of diammonium phosphate to Singapore?

In value terms, China constituted the largest supplier of diammonium phosphate to Singapore, comprising 55% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with an 11% share of total imports. It was followed by Switzerland, with a 6.7% share.

What are the leading importers of diammonium phosphate from Singapore?

In value terms, the largest markets for diammonium phosphate exported from Singapore were Indonesia, India and Mauritius, together accounting for 75% of total exports. Malaysia and the Philippines lagged somewhat behind, together comprising a further 21%.

What is the average export price for diammonium phosphate in Singapore?

In 2021, the average diammonium phosphate export price amounted to $889 per ton, declining by -36.6% against the previous year.

What is the average import price for diammonium phosphate in Singapore?

In 2021, the average diammonium phosphate import price amounted to $1,167 per ton, with a decrease of -13.6% against the previous year.

This report provides an in-depth analysis of the diammonium phosphate market in Singapore. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4022 -

Country coverage:

Singapore

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Singapore
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023