South-Eastern Asia: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in South-Eastern Asia

The Southeast Asian diammonium phosphate market skyrocketed to $X in 2022, with an increase of 54% against the previous year. Overall, consumption, however, showed a mild contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Diammonium Phosphate Production in South-Eastern Asia

In value terms, diammonium phosphate production fell to $X in 2022 estimated in export price. Overall, production recorded a pronounced reduction. The growth pace was the most rapid in 2019 when the production volume increased by 62%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Diammonium Phosphate Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of diammonium phosphate increased by 3% to X tons, rising for the third year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 138%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, diammonium phosphate exports shrank slightly to $X in 2022. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 99%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam dominates exports structure, reaching X tons, which was near 87% of total exports in 2022. It was distantly followed by the Philippines (X tons), committing an 8.9% share of total exports. Indonesia (X tons) took a little share of total exports.

Exports from Vietnam decreased at an average annual rate of -5.6% from 2012 to 2022. The Philippines (-5.4%) and Indonesia (-14.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam increased by +5.5 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest diammonium phosphate supplier in South-Eastern Asia, comprising 80% of total exports. The second position in the ranking was held by the Philippines ($X), with a 17% share of total exports.

In Vietnam, diammonium phosphate exports contracted by an average annual rate of -8.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (-4.0% per year) and Indonesia (-21.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, falling by -6.2% against the previous year. Overall, the export price recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 when the export price increased by 45% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 Philippines (+1.4%), while the other leaders experienced a decline in the export price figures.

Diammonium Phosphate Imports

Imports in South-Eastern Asia

In 2022, imports of diammonium phosphate in South-Eastern Asia skyrocketed to X tons, rising by 44% compared with the previous year. Overall, imports, however, continue to indicate a noticeable curtailment. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports soared to $X in 2022. In general, imports, however, continue to indicate a noticeable contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons) and Vietnam (X tons) represented the largest importers of diammonium phosphate in South-Eastern Asia, together recording approx. 82% of total imports. It was distantly followed by the Philippines (X tons), committing a 10% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +9.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Vietnam ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2022, with a combined 92% share of total imports.

Indonesia, with a CAGR of +9.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 9.9% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 51%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 Philippines (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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