CIS: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in CIS

The CIS monoammonium phosphate market contracted slightly to $X in 2023, waning by X% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Over the period under review, the market reached the peak level at $X in 2022, and then fell slightly in the following year.

Monoammonium Phosphate Production in CIS

In value terms, monoammonium phosphate production expanded rapidly to $X in 2023 estimated in export price. In general, production posted a temperate increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Monoammonium Phosphate Exports

Exports in CIS

For the third consecutive year, the CIS recorded growth in shipments abroad of monoammonium phosphate (MAP), which increased by X% to X tons in 2023. Total exports indicated a buoyant expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2023 and are likely to see steady growth in the near future.

In value terms, monoammonium phosphate exports contracted sharply to $X in 2023. In general, exports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. Kazakhstan (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to monoammonium phosphate exports from Russia stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest monoammonium phosphate supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, monoammonium phosphate exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Monoammonium Phosphate Imports

Imports in CIS

In 2023, purchases abroad of monoammonium phosphate (MAP) increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, monoammonium phosphate imports skyrocketed to $X in 2023. Total imports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Belarus represented the major importer of monoammonium phosphate (MAP) in the CIS, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by Uzbekistan (X tons), Azerbaijan (X tons) and Kazakhstan (X tons), together constituting a X% share of total imports. Moldova (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

Imports into Belarus decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Azerbaijan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Moldova experienced a relatively flat trend pattern. Uzbekistan (X p.p.), Azerbaijan (X p.p.), Kazakhstan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported monoammonium phosphate (MAP) in the CIS, comprising X% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a X% share of total imports. It was followed by Azerbaijan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Belarus amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (X% per year) and Azerbaijan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Moldova ($X per ton) and Kyrgyzstan ($X per ton), while Azerbaijan ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform