Brazil: Monoammonium Phosphate Market 2024

Monoammonium Phosphate Market Size in Brazil

In 2023, the Brazilian monoammonium phosphate market decreased by X% to $X, falling for the second consecutive year after three years of growth. In general, consumption recorded resilient growth. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Monoammonium Phosphate Production in Brazil

In value terms, monoammonium phosphate production totaled $X in 2023 estimated in export price. In general, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Monoammonium phosphate production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Monoammonium Phosphate Exports

Exports from Brazil

In 2023, approx. X tons of monoammonium phosphate (MAP) were exported from Brazil; with an increase of X% compared with 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, monoammonium phosphate exports soared to $X in 2023. Overall, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Bolivia (X tons) was the main destination for monoammonium phosphate exports from Brazil, accounting for a X% share of total exports. Moreover, monoammonium phosphate exports to Bolivia exceeded the volume sent to the second major destination, Paraguay (X tons), fourfold. Uruguay (X tons) ranked third in terms of total exports with a X% share.

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

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

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

Export Prices by Country

In 2023, the average monoammonium phosphate export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2022 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Uruguay ($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 Uruguay (X%), while the prices for the other major destinations experienced mixed trend patterns.

Monoammonium Phosphate Imports

Imports into Brazil

Monoammonium phosphate imports into Brazil skyrocketed to X tons in 2023, growing by X% compared with the previous year. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, monoammonium phosphate imports fell sharply to $X in 2023. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell sharply in the following year.

Imports by Country

Russia (X tons), Morocco (X tons) and Saudi Arabia (X tons) were the main suppliers of monoammonium phosphate imports to Brazil, with a combined X% share of total imports. The United States and China lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Morocco ($X) and Saudi Arabia ($X) constituted the largest monoammonium phosphate suppliers to Brazil, together accounting for X% of total imports. China and the United States lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average monoammonium phosphate import price stood at $X per ton in 2023, waning by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2022, and then fell notably in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Russia ($X per ton), while the price for Saudi Arabia ($X per ton) and Morocco ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform