Europe: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Europe

The Europe diammonium phosphate market soared to $X in 2023, jumping by X% against the previous year. In general, consumption, however, saw a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Diammonium Phosphate Production in Europe

In value terms, diammonium phosphate production surged to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Diammonium Phosphate Exports

Exports in Europe

Diammonium phosphate exports reduced to X tons in 2023, shrinking by X% against the previous year. Over the period under review, exports saw a slight decrease. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, diammonium phosphate exports reduced rapidly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of $X, and then declined significantly in the following year.

Exports by Country

Russia prevails in exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), making up a X% share of total exports. The following exporters - Lithuania (X tons), Poland (X tons), Italy (X tons), Bulgaria (X tons) and the Netherlands (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2023. At the same time, Italy (X%), Bulgaria (X%) and Belgium (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, the Netherlands (X%), Poland (X%) and Lithuania (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Belgium and Italy increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest diammonium phosphate supplier in Europe, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Belgium (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed moderate growth. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2022, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Belgium ($X per ton), while Bulgaria ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports in Europe

In 2023, purchases abroad of diammonium phosphate was finally on the rise to reach X tons after two years of decline. Overall, imports saw a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, diammonium phosphate imports soared to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, France (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Romania (X tons), Germany (X tons) and Belgium (X tons) represented the main importer of diammonium phosphate in Europe, generating X% of total import. The UK (X tons) ranks next in terms of the total imports with a X% share, followed by Lithuania (X%). Ireland (X tons), Ukraine (X tons), Bulgaria (X tons) and the Netherlands (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest diammonium phosphate importing markets in Europe were France ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports. Spain, Poland, Romania, Belgium, the UK, Ireland, Lithuania, Ukraine, Bulgaria and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ukraine, with a CAGR of X%, recorded 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

The import price in Europe stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced markedly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Ireland ($X per ton), while Bulgaria ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform