U.S.: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the U.S.

The U.S. diammonium phosphate market was estimated at $X in 2022, remaining constant against the previous year. Over the period under review, consumption faced a dramatic downturn. The pace of growth was the most pronounced in 2015 when the market value decreased by -64.6%. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Diammonium Phosphate Production in the U.S.

In value terms, diammonium phosphate production soared to $X in 2022. Over the period under review, production showed a notable expansion. The growth pace was the most rapid in 2016 with an increase of 216%. Over the period under review, production attained the peak level in 2022 and is likely to see gradual growth in the near future.

Diammonium Phosphate Exports

Exports from the U.S.

Diammonium phosphate exports from the United States was estimated at X tons in 2022, flattening at the year before. Overall, exports posted significant growth. The smallest decline of -97.7% was in 2015. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, diammonium phosphate exports totaled $X in 2022. Over the period under review, exports enjoyed a significant expansion. The smallest decline of -99.2% was in 2015. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Mexico (X tons) was the main destination for diammonium phosphate exports from the United States, accounting for a 39% share of total exports. Moreover, diammonium phosphate exports to Mexico exceeded the volume sent to the second major destination, India (X tons), twofold. Argentina (X tons) ranked third in terms of total exports with a 10% share.

From 2014 to 2022, the average annual rate of growth in terms of volume to Mexico totaled +144.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+93.8% per year) and Argentina (+129.0% per year).

In value terms, the largest markets for diammonium phosphate exported from the United States were India ($X), Argentina ($X) and Mexico ($X), together comprising 57% of total exports.

Among the main countries of destination, Argentina, with a CAGR of +156.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2015 a decrease of -64.6%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guadeloupe ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into the U.S.

In 2022, after two years of decline, there was growth in purchases abroad of diammonium phosphate, when their volume increased by 2.1% to X tons. Over the period under review, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 27%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, diammonium phosphate imports rose to $X in 2022. In general, imports, however, saw a deep downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Australia (X tons) was the main diammonium phosphate supplier to the United States, with a 93% share of total imports. It was followed by Canada (X tons), with a 2.7% share of total imports. China (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Australia amounted to +168.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+21.3% per year) and China (+44.2% per year).

In value terms, Australia ($X) constituted the largest supplier of diammonium phosphate to the United States, comprising 88% of total imports. The second position in the ranking was held by China ($X), with a 4.4% share of total imports. It was followed by Canada, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Australia totaled +165.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.4% per year) and Canada (+18.7% per year).

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, approximately reflecting the previous year. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2020 when the average import price increased by 49% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :