China: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in China

In 2022, after two years of decline, there was significant growth in the Chinese monoammonium phosphate market, when its value increased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Monoammonium phosphate consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Monoammonium Phosphate Production in China

In value terms, monoammonium phosphate production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Monoammonium phosphate production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Monoammonium Phosphate Exports

Exports from China

In 2022, after two years of growth, there was significant decline in shipments abroad of monoammonium phosphate (MAP), when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, monoammonium phosphate exports declined to $X in 2022. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Brazil (X tons) was the main destination for monoammonium phosphate exports from China, with a X% share of total exports. Moreover, monoammonium phosphate exports to Brazil exceeded the volume sent to the second major destination, Australia (X tons), twofold. The third position in this ranking was taken by Argentina (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Argentina (X% per year).

In value terms, Brazil ($X) remains the key foreign market for monoammonium phosphate (MAP) exports from China, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Argentina (X% per year).

Export Prices by Country

The average monoammonium phosphate export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per ton), while the average price for exports to Peru ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Monoammonium Phosphate Imports

Imports into China

In 2022, supplies from abroad of monoammonium phosphate (MAP) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, monoammonium phosphate imports soared to $X in 2022. Overall, imports saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) was the main supplier of monoammonium phosphate to China, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan totaled X%.

In value terms, Kazakhstan ($X) constituted the largest supplier of monoammonium phosphate (MAP) to China.

From 2012 to 2022, the average annual growth rate of value from Kazakhstan stood at X%.

Import Prices by Country

In 2022, the average monoammonium phosphate import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Source: IndexBox Platform

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