Report Update Nov 1, 2024

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

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Thailand: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Thailand

The Thai diammonium phosphate market surged to $X in 2022, increasing by 97% 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). Over the period under review, consumption, however, showed a sharp shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Diammonium Phosphate Exports

Exports from Thailand

After three years of decline, shipments abroad of diammonium phosphate increased by 81% to X tons in 2022. Overall, exports, however, faced a dramatic decrease. The pace of growth appeared the most rapid in 2014 with an increase of 333,511% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, diammonium phosphate exports declined to $X in 2022. In general, exports, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2014 with an increase of 125,964%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Cambodia (X tons) was the main destination for diammonium phosphate exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia amounted to -34.6%.

In value terms, Cambodia ($X) emerged as the key foreign market for diammonium phosphate exports from Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value to Cambodia stood at -33.9%.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, falling by -50.9% against the previous year. Over the period under review, the export price, however, posted slight growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 153% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +1.1% per year.

Diammonium Phosphate Imports

Imports into Thailand

In 2022, approx. X tons of diammonium phosphate were imported into Thailand; picking up by 89% on 2021 figures. Overall, imports, however, continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 674%. Over the period under review, imports hit record highs 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, showed a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 436%. 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, China (X tons) was the main supplier of diammonium phosphate to Thailand, with a 99% share of total imports. It was followed by Saudi Arabia (X kg), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-75.8% per year) and Australia (-79.8% per year).

In value terms, China ($X) constituted the largest supplier of diammonium phosphate to Thailand, comprising 97% of total imports. The second position in the ranking was held by Australia ($X), with less than 0.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (-71.3% per year) and Saudi Arabia (-73.2% per year).

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, surging by 6.5% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +124.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 111% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Australia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+41.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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. These countries were followed by Pakistan, Russia, Nigeria, Germany and Mexico, which together accounted for a further 16%.

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

China remains the largest diammonium phosphate producing country worldwide, 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 Thailand?

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

What are the leading importers of diammonium phosphate from Thailand?

In value terms, the Philippines, Cambodia and Nepal were the largest markets for diammonium phosphate exported from Thailand worldwide, with a combined 86% share of total exports.

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

In 2021, the average diammonium phosphate export price amounted to $653 per ton, growing by 38% against the previous year.

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

The average diammonium phosphate import price stood at $535 per ton in 2021, growing by 44% against the previous year.

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

Thailand

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Thailand
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