Slovakia: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Slovakia

The Slovak diammonium phosphate market plummeted to $X in 2022, with a decrease of -62% 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). In general, consumption, however, saw noticeable growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Slovakia

In 2022, after two years of decline, there was significant decline in shipments abroad of diammonium phosphate, when their volume decreased by -77.7% to X tons. Over the period under review, exports, however, saw a measured increase. The most prominent rate of growth was recorded in 2015 with an increase of 3,988%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, diammonium phosphate exports declined significantly to $X in 2022. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when exports increased by 306%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for diammonium phosphate exports from Slovakia, with a 88% share of total exports. Moreover, diammonium phosphate exports to the Czech Republic exceeded the volume sent to the second major destination, the Netherlands (X tons), sevenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest.

In value terms, the Czech Republic ($X) emerged as the key foreign market for diammonium phosphate exports from Slovakia, comprising 95% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 4.9% share of total exports.

From 2014 to 2022, the average annual growth rate of value to the Czech Republic totaled -12.2%.

Export Prices by Country

The average diammonium phosphate export price stood at $X per ton in 2022, increasing by 124% against the previous year. In general, the export price, however, recorded a deep setback. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+11.4%), while the prices for the other major destinations experienced mixed trend patterns.

Diammonium Phosphate Imports

Imports into Slovakia

Diammonium phosphate imports into Slovakia fell remarkably to X tons in 2022, waning by -66.5% against the previous year's figure. Over the period under review, imports, however, posted moderate growth. The growth pace was the most rapid in 2021 when imports increased by 243% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, diammonium phosphate imports dropped remarkably to $X in 2022. Overall, imports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2021 with an increase of 367%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Russia (X tons), Lithuania (X tons) and Poland (X tons) were the main suppliers of diammonium phosphate imports to Slovakia, with a combined 92% share of total imports. Italy lagged somewhat behind, accounting for a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diammonium phosphate suppliers to Slovakia were Russia ($X), Lithuania ($X) and Poland ($X), together comprising 86% of total imports.

In terms of the main suppliers, Russia, with a CAGR of +12.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, growing by 22% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, diammonium phosphate import price increased by +41.4% against 2018 indices. The most prominent rate of growth was recorded in 2021 an increase of 36%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Italy ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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