United Arab Emirates: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the United Arab Emirates

The monoammonium phosphate market in the United Arab Emirates amounted to $X in 2022, with an increase of 8.5% against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Monoammonium Phosphate Production in the United Arab Emirates

In value terms, monoammonium phosphate production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 28%. Monoammonium phosphate production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from the United Arab Emirates

In 2022, the amount of monoammonium phosphate (MAP) exported from the United Arab Emirates declined dramatically to X tons, reducing by -23.6% against the year before. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 767% against the previous year. The exports peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, monoammonium phosphate exports reduced notably to $X in 2022. In general, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 659% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped notably in the following year.

Exports by Country

Zimbabwe (X tons) was the main destination for monoammonium phosphate exports from the United Arab Emirates, with a 85% share of total exports. Moreover, monoammonium phosphate exports to Zimbabwe exceeded the volume sent to the second major destination, India (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Zimbabwe stood at +23.9%.

In value terms, Zimbabwe ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from the United Arab Emirates, comprising 88% of total exports. The second position in the ranking was taken by India ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Zimbabwe amounted to +26.4%.

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, dropping by -12% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate export price increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 53%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Zimbabwe ($X per ton), while the average price for exports to India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.7%), while the prices for the other major destinations experienced mixed trend patterns.

Monoammonium Phosphate Imports

Imports into the United Arab Emirates

In 2022, after two years of decline, there was significant growth in purchases abroad of monoammonium phosphate (MAP), when their volume increased by 12% to X tons. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 393%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports totaled $X in 2022. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 201% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of monoammonium phosphate to the United Arab Emirates, with a 74% share of total imports. Moreover, monoammonium phosphate imports from China exceeded the figures recorded by the second-largest supplier, Egypt (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+2.4% per year) and India (+73.2% per year).

In value terms, China ($X) constituted the largest supplier of monoammonium phosphate (MAP) to the United Arab Emirates, comprising 77% of total imports. The second position in the ranking was taken by Egypt ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+18.0% per year) and India (+52.9% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, which is down by -9.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2021 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 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 Egypt ($X per ton), while the price for India ($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 (+15.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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