United Kingdom: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in the UK

The UK monoammonium phosphate market contracted to $X in 2022, dropping by -3.7% against the previous year. Over the period under review, consumption showed a deep contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Monoammonium Phosphate Production in the UK

In value terms, monoammonium phosphate production expanded to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 6.6% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from the UK

In 2022, overseas shipments of monoammonium phosphate (MAP) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, monoammonium phosphate exports surged to $X in 2022. In general, exports posted a moderate increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Ireland (X tons) and the Netherlands (X tons) were the main destinations of monoammonium phosphate exports from the UK, with a combined 76% share of total exports. Belgium, Slovenia and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +126.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from the UK, comprising 49% of total exports. The second position in the ranking was taken by Belgium ($X), with a 16% share of total exports. It was followed by Slovenia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-8.2% per year) and Slovenia (+8.8% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, falling by -20.3% against the previous year. In general, the export price saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 an increase of 64%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Netherlands ($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 Spain (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.

Monoammonium Phosphate Imports

Imports into the UK

In 2022, the amount of monoammonium phosphate (MAP) imported into the UK reduced dramatically to X tons, with a decrease of -16.9% compared with the previous year. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 101%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports rose remarkably to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 173% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Belgium (X tons) and China (X tons) were the main suppliers of monoammonium phosphate imports to the UK, with a combined 69% share of total imports. The Netherlands, Finland, Morocco and Spain lagged somewhat behind, together comprising a further 29%.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +269.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of monoammonium phosphate (MAP) to the UK, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Russia, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.1% per year) and Russia (-17.3% per year).

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2022, jumping by 34% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, monoammonium phosphate import price increased by +85.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 36%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 Morocco ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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