Turkey: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Turkey

The Turkish diammonium phosphate market soared to $X in 2021, with an increase of 24% against the previous year. Over the period under review, consumption saw a abrupt slump. Diammonium phosphate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Diammonium Phosphate Production in Turkey

In value terms, diammonium phosphate production expanded notably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 39% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Diammonium Phosphate Exports

Exports from Turkey

In 2022, shipments abroad of diammonium phosphate decreased by -44.7% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2014 with an increase of 123% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, diammonium phosphate exports expanded significantly to $X in 2022. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2014 when exports increased by 111% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Iraq (X tons) was the main destination for diammonium phosphate exports from Turkey, with a 68% share of total exports. Moreover, diammonium phosphate exports to Iraq exceeded the volume sent to the second major destination, Romania (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+0.2% per year) and Afghanistan (+0.8% per year).

In value terms, Iraq ($X) remains the key foreign market for diammonium phosphate exports from Turkey, comprising 65% of total exports. The second position in the ranking was taken by Romania ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq totaled +37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+5.1% per year) and Afghanistan (+16.3% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, increasing by 101% against the previous year. Over the period under review, the export price showed a noticeable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into Turkey

For the third year in a row, Turkey recorded decline in overseas purchases of diammonium phosphate, which decreased by -32.7% to X tons in 2022. Over the period under review, imports saw a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 71%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diammonium phosphate imports reduced slightly to $X in 2022. Overall, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 41% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Tunisia (X tons) constituted the largest supplier of diammonium phosphate to Turkey, accounting for a 55% share of total imports. Moreover, diammonium phosphate imports from Tunisia exceeded the figures recorded by the second-largest supplier, Morocco (X tons), threefold. The third position in this ranking was taken by Jordan (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Tunisia totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+0.6% per year) and Jordan (-8.1% per year).

In value terms, Tunisia ($X) constituted the largest supplier of diammonium phosphate to Turkey, comprising 57% of total imports. The second position in the ranking was taken by Morocco ($X), with a 20% share of total imports. It was followed by Jordan, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (+6.8% per year) and Jordan (-5.5% per year).

Import Prices by Country

The average diammonium phosphate import price stood at $X per ton in 2022, surging by 42% against the previous year. Overall, the import price saw a moderate expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 83%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Tunisia ($X per ton) and Morocco ($X per ton), while the price for Russia ($X per ton) and Jordan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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