U.S.: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the U.S.

The U.S. monoammonium phosphate market was estimated at $X in 2022, standing approx. at the previous year. Over the period under review, consumption recorded a sharp shrinkage. The growth pace was the most rapid in 2019 when the market value decreased by 99.9% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Monoammonium Phosphate Production in the U.S.

In value terms, monoammonium phosphate production dropped rapidly to $X in 2022. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 120%. Over the period under review, production reached the maximum level at $X in 2021, and then fell significantly in the following year.

Monoammonium Phosphate Exports

Exports from the U.S.

In 2022, the amount of monoammonium phosphate (MAP) exported from the United States was estimated at X tons, almost unchanged from the previous year. In general, exports enjoyed significant growth. The smallest decline of 99.9% was in 2019. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, monoammonium phosphate exports totaled $X in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Canada (X tons) was the main destination for monoammonium phosphate exports from the United States, accounting for a 64% share of total exports. Moreover, monoammonium phosphate exports to Canada exceeded the volume sent to the second major destination, Brazil (X tons), fivefold. Argentina (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Canada totaled +183.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+165.7% per year) and Argentina (+159.8% per year).

It was followed by Argentina, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled +182.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+167.8% per year) and Argentina (+161.8% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 a decrease of 99.9%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Paraguay ($X per ton) and Brazil ($X per ton), while the average price for exports to Colombia ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into the U.S.

In 2022, after five years of growth, there was significant decline in overseas purchases of monoammonium phosphate (MAP), when their volume decreased by -42.3% to X tons. Over the period under review, imports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 306% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, monoammonium phosphate imports plummeted to $X in 2022. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 166% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of monoammonium phosphate to the United States, accounting for a 85% share of total imports. Moreover, monoammonium phosphate imports from Morocco exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), tenfold. The third position in this ranking was held by China (X tons), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+514.2% per year) and China (+86.4% per year).

In value terms, Morocco ($X) constituted the largest supplier of monoammonium phosphate (MAP) to the United States, comprising 84% of total imports. The second position in the ranking was held by Lithuania ($X), with a 7.7% share of total imports. It was followed by China, with a 3% share.

From 2012 to 2022, the average annual growth rate of value from Morocco amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+547.8% per year) and China (+59.1% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, growing by 19% against the previous year. Overall, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average import price increased by 32%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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