United Arab Emirates: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in the United Arab Emirates

The diammonium phosphate market in the United Arab Emirates contracted markedly to $X in 2022, which is down by -15.7% against the previous year. Over the period under review, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then fell notably in the following year.

Diammonium Phosphate Production in the United Arab Emirates

In value terms, diammonium phosphate production dropped modestly to $X in 2022 estimated in export price. In general, production, however, saw perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of 203%. Diammonium phosphate production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports from the United Arab Emirates

In 2022, after two years of decline, there was significant growth in shipments abroad of diammonium phosphate, when their volume increased by 44% to X tons. Overall, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 when exports increased by 668%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, diammonium phosphate exports surged to $X in 2022. Over the period under review, exports posted a measured increase. The pace of growth was the most pronounced in 2018 with an increase of 632%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Pakistan (X tons) was the main destination for diammonium phosphate exports from the United Arab Emirates, accounting for a 71% share of total exports. Moreover, diammonium phosphate exports to Pakistan exceeded the volume sent to the second major destination, India (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Pakistan stood at +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.3% per year) and Oman (+61.4% per year).

In value terms, Pakistan ($X) remains the key foreign market for diammonium phosphate exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was held by India ($X), with a 25% share of total exports. It was followed by Guatemala, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Pakistan stood at +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-1.5% per year) and Guatemala (0.0% per year).

Export Prices by Country

In 2022, the average diammonium phosphate export price amounted to $X per ton, shrinking by -12.5% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Oman ($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 Oman (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of diammonium phosphate was finally on the rise to reach X tons after two years of decline. In general, imports recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 839% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, diammonium phosphate imports declined to $X in 2022. Over the period under review, imports posted a strong increase. The pace of growth appeared the most rapid in 2016 when imports increased by 851% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Egypt (X tons) and Morocco (X tons) were the main suppliers of diammonium phosphate imports to the United Arab Emirates, together comprising 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Morocco (with a CAGR of +32.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diammonium phosphate suppliers to the United Arab Emirates were China ($X), Morocco ($X) and Egypt ($X), with a combined 70% share of total imports.

In terms of the main suppliers, Morocco, with a CAGR of +35.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average diammonium phosphate import price amounted to $X per ton, which is down by -15.4% against the previous year. Overall, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2021 an increase of 42%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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