Mexico: Diammonium Phosphate Market 2024

Diammonium Phosphate Market Size in Mexico

The Mexican diammonium phosphate market soared to $X in 2023, surging by X% against the previous year. In general, the total consumption indicated a notable increase 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 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Diammonium Phosphate Production in Mexico

In value terms, diammonium phosphate production dropped to $X in 2023 estimated in export price. Over the period under review, the total production indicated a mild 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Diammonium phosphate production peaked at $X in 2022, and then reduced in the following year.

Diammonium Phosphate Exports

Exports from Mexico

Diammonium phosphate exports from Mexico fell markedly to X tons in 2023, dropping by X% compared with the previous year. In general, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2022 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, diammonium phosphate exports reduced sharply to $X in 2023. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for diammonium phosphate exports from Mexico, accounting for a X% share of total exports. Moreover, diammonium phosphate exports to the United States exceeded the volume sent to the second major destination, Bolivia (X tons), sevenfold. Guatemala (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Guatemala (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for diammonium phosphate exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Bolivia ($X), with an X% share of total exports. It was followed by Chile, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Chile (X% per year).

Export Prices by Country

The average diammonium phosphate export price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price, however, saw moderate growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Peru (X%), while the prices for the other major destinations experienced more modest paces of growth.

Diammonium Phosphate Imports

Imports into Mexico

In 2023, approx. X tons of diammonium phosphate were imported into Mexico; rising by X% compared with the previous year. Over the period under review, total imports indicated a mild 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, diammonium phosphate imports skyrocketed to $X in 2023. In general, imports showed a tangible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, Russia (X tons) constituted the largest diammonium phosphate supplier to Mexico, with a X% share of total imports. Moreover, diammonium phosphate imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2023, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

In value terms, Russia ($X) constituted the largest supplier of diammonium phosphate to Mexico, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2023, the average diammonium phosphate import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, enjoyed a mild increase. The growth pace was the most rapid in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then declined notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform