Diammonium Phosphate Market Report: Production, Exports,

0

Companies mentioned in the report: PhosAgro, OCP Group, Maaden, Jordan Phosphate Mines Co., Lifosa, Acron, CotexChem, Nutrien, Eurochem, Mosaic, Mississippi Phosphates Corporation, GJ Chemical, The Chemical Co., Greenway Products Inc., S&G Resources, SinoFert, Lemandou, HELM AG, Hindalco, Paradeep Phosphates Ltd., Rama Phosphates Ltd.

NEW YORK, May 27, 2022 (GLOBE NEWSWIRE) — IndexBox has just released a new report: “United States – Diammonium Phosphate – Market Analysis, Forecast, Size, Trends and Outlook”. Here is a summary of the main findings of the report.

American Diammonium Phosphate Market statistics

Imports $815.3 million
Exports $241.2 million
Main foreign suppliers Saudi Arabia, Jordan, Australia
Main export destinations Brazil, Colombia, Canada

In 2021, the US diammonium phosphate market was estimated at $1.2 billion. The market peaked at $1.5 billion in 2014; however, from 2015 to 2021, consumption has not regained momentum. REQUEST FREE DATA

American Diammonium Phosphate Production

Diammonium phosphate production in the United States has been estimated at approx. 1.8 million tons in 2021. Year-over-year DAP production declined due to technical issues at a Florida phosphate plant and damage to Louisiana phosphate facilities from Hurricane Ida . Over the past decade, production has been cut by three, from 6.6 million tonnes in 2011. REQUEST FREE DATA

American Diammonium Phosphate Exports

In 2021, exports of diammonium phosphate from the United States fell sharply to 561,000 tons, a decrease of -39.5% compared to 2020. In general, exports continue to indicate a sharp slowdown. The pace of growth appeared the fastest in 2019 with an increase of 17% compared to the previous year. Exports peaked at 4 million tonnes in 2011; however, from 2012 to 2021, the supply volume has not regained momentum. REQUEST FREE DATA

In value, diammonium phosphate exports fell to $241 million in 2021. Over the past decade, overseas supplies have contracted dramatically. The pace of growth was most pronounced in 2019 with an increase of 3.3% compared to the previous year. During the review period, exports reached record highs at $2.2 billion in 2011; however, from 2012 to 2021, the value of supplies remained at a lower level.

Exports by country

Mexico (136,000 tons), Brazil (103,000 tons) and Canada (93,000 tons) were the top destinations for US diammonium phosphate exports, with a combined share of 59% of total volume. These countries were followed by Colombia, Peru, Honduras and the Dominican Republic, which together accounted for an additional 32%.

In terms of value, Brazil ($50 million), Colombia ($43 million), and Canada ($40 million) appeared to be the largest markets for diammonium phosphate exported from the United States globally, together representing 55% of total exports.

Export prices by country

In 2021, the average export price of diammonium phosphate was $430 per ton, up 53% from the previous year. There were significant differences in average prices for major overseas markets. In 2021, the country with the highest price was the Dominican Republic ($669 per ton), while the average export price to Mexico ($217 per ton) was among the lowest. From 2011 to 2021, the most notable growth rate in terms of prices was recorded for supplies in Canada, while prices for other major destinations experienced contrasting developments.

American Diammonium Phosphate Imports

In 2021, the amount of diammonium phosphate imported into the United States jumped to 1.4 million tons, increasing 60% from the previous year. Over the past decade, purchases have increased more than fivefold in physical terms.

In value, diammonium phosphate imports increased from $292 million in 2020 to $815 million in 2021.

Imports by country

Saudi Arabia (540,000 tons), Jordan (375,000 tons) and Australia (256,000 tons) were the top suppliers of diammonium phosphate imports to the United States, with a combined share of 81% of purchases totals.

By value, the largest suppliers of diammonium phosphate to the United States were Saudi Arabia ($268 million), Jordan ($245 million), and Australia ($149 million), together accounting for 81 % of total imports.

Import prices by country

The average import price of diammonium phosphate stood at $565 per ton in 2021, up 74% from the previous year. Average prices varied somewhat between the main supplying countries. In 2021, the countries with the highest prices were Jordan ($652 per ton) and Russia ($616 per ton), while prices for Saudi Arabia ($496 per ton) and Egypt ( $511 per ton) were among the lowest. From 2011 to 2021, the most notable price growth rate was achieved by Jordan, while prices from other major suppliers experienced more modest growth rates.

About IndexBox

IndexBox is a market research company developing an AI-powered market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade and prices for over 10,000 different products in 200 countries.

For more information, please visit

Website https://www.indexbox.io

Twitter https://twitter.com/indexbox

YouTube https://www.youtube.com/IndexBox
LinkedIn https://www.linkedin.com/company/indexbox-marketing/

Product coverage

Diammonium phosphate (DAP).

Related links

diammonium phosphate market

NPK Fertilizer Market

Fertilizer market

Urea market

monoammonium phosphate market

Contact information

Mekhrona Dzhuraeva

Editor

[email protected]



Source link

Share.

Comments are closed.