Report Update Nov 1, 2024

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

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Sri Lanka: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Sri Lanka

In 2022, after two years of growth, there was significant decline in the Sri Lankan diammonium phosphate market, when its value decreased by -84.2% to $X. In general, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from Sri Lanka

After seven years of decline, shipments abroad of diammonium phosphate increased by 4.4% to X kg in 2022. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 330% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports totaled $X in 2022. Over the period under review, exports posted a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 240% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Maldives (X kg) was the main destination for diammonium phosphate exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Maldives stood at +6.9%.

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

From 2012 to 2022, the average annual growth rate of value to Maldives stood at +19.9%.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, falling by -3.9% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Maldives amounted to +12.1% per year.

Diammonium Phosphate Imports

Imports into Sri Lanka

After two years of growth, supplies from abroad of diammonium phosphate decreased by -90.7% to X tons in 2022. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 162% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diammonium phosphate imports shrank rapidly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 153%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest supplier of diammonium phosphate to Sri Lanka, with a 84% share of total imports. Moreover, diammonium phosphate imports from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from Egypt totaled -41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.6% per year) and the United Arab Emirates (-67.1% per year).

In value terms, Egypt ($X) constituted the largest supplier of diammonium phosphate to Sri Lanka, comprising 96% of total imports. The second position in the ranking was held by China ($X), with a 3.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt totaled +63.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.8% per year) and the United Arab Emirates (-61.1% per year).

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, increasing by 411% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. As a result, import price attained 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 Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+180.4%), while the prices for the other major suppliers experienced mixed trend patterns.

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, together accounting for 54% of global consumption. Pakistan, Russia, Nigeria, Germany and Mexico lagged somewhat behind, together accounting for 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, comprising approx. 36% of total volume. Moreover, diammonium phosphate production in China exceeded the figures recorded by the second-largest producer, India, threefold. Morocco ranked third in terms of total production with an 8.5% share.

What are the leading suppliers of diammonium phosphate to Sri Lanka?

In value terms, China constituted the largest supplier of diammonium phosphate to Sri Lanka.

What are the leading importers of diammonium phosphate from Sri Lanka?

In value terms, Maldives $244) remains the key foreign market for diammonium phosphate exports from Sri Lanka.

What is the average export price for diammonium phosphate in Sri Lanka?

In 2021, the average diammonium phosphate export price amounted to $130 per ton, picking up by 7.1% against the previous year.

What is the average import price for diammonium phosphate in Sri Lanka?

In 2021, the average diammonium phosphate import price amounted to $402 per ton, increasing by 1.7% against the previous year.

This report provides an in-depth analysis of the diammonium phosphate market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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