Diammonium Phosphate (DAP) Prices

Diammonium Phosphate (DAP) Prices September 2024

The diammonium phosphate (DAP) prices in the United States for Q3 2024 reached 540 USD/MT in September. The diammonium phosphate (DAP) rates in the United States showed fluctuations, impacted by limited ammonia feedstock and stable yet reduced agricultural demand. Inflation and crop price uncertainty dampened buying activity, maintaining a stagnant yet declining pattern, resulting in an overall adverse market sentiment.

The price trend for diammonium phosphate (DAP) in Japan for Q3 2024 settled at 675 USD/MT in September. The region witnessed an increase in diammonium phosphate (DAP) prices during the third quarter of 2024. This was driven by demand during the pre-planting season, supply shortages, and pressure from phosphoric and ammonia acids on feedstock prices. Production dynamics and prices were further impacted by global tensions and seasonal disruptions.

In Germany, the diammonium phosphate (DAP) prices for Q3 2024 reached 645 USD/MT in September. The market for the region saw price growth fueled by high manufacturing costs and strong agricultural demand. Restricted supply supported the price hike, though improvements toward the quarter’s end tempered this trend. Inventory buildup due to insufficient matching demand created a slightly positive market environment.

The price trend for diammonium phosphate (DAP) in Saudi Arabia for Q3 2024 settled at 630 USD/MT in September. The Q3 of 2024 experienced notable price growth in the region's diammonium phosphate (DAP) market. Rising agricultural demand, disrupted importation of supplies, and increased feedstock costs propelled prices higher. The quarter sustained strong upward movement, reflecting positive market conditions despite geopolitical challenges.

In Brazil, the diammonium phosphate (DAP) prices for Q3 2024 reached 560 USD/MT in September. The market for the area saw a consistent drop in price during Q3 2024. The worldwide supply surpluses, stable agriculture intake, and volatile forex rates all had an impact on the market. The negative trend was sustained by seasonal causes and steady fertilizer requirement, demonstrating a difficult market scenario.

Diammonium Phosphate (DAP) Prices June 2024

The diammonium phosphate (DAP) prices in the United States for Q2 2024 reached 540 USD/MT in June. The market is driven by an oversupply and seasonal post-planting consumption reduction. Relaxed export restrictions led to market saturation, while rising inventories further suppressed prices. The quarter’s end reflected the ongoing difficulties for manufacturers.

The price trend for diammonium phosphate (DAP) in Japan for Q2 2024 settled at 650 USD/MT in June. The market faced significant price declines due to increased supply from China and stable but limited demand. Rising production costs and the seasonal demand drop post-planting also weighed heavily on prices, leading to a persistently bearish market environment.

In Germany, the diammonium phosphate (DAP) prices for Q2 2024 reached 600 USD/MT in June. The prices fell steadily, influenced by increased local supply and stable yet insufficient demand. Seasonal agricultural cycles added to the downward pressure, while the resumption of production in certain plants amplified regional market oversupply and reduced pricing stability.

The price of diammonium phosphate (DAP) in Saudi Arabia for Q2 2024 reached 530 USD/MT in June. The market saw a notable drop in DAP prices, driven by oversupply from eased export controls and lower production costs. Seasonal demand reduction and fewer Phosphoric Acid cost supports contributed to the downward price trajectory, reflecting a challenging environment for producers.

The price trend for diammonium phosphate (DAP) in Brazil for Q2 2024 settled at 550 USD/MT in June. The market experienced notable price reduction in Q2 2024, driven by excess product availability across the globe and competitive imports from major producers. Reduced feedstock costs and suspended shipments amplified the bearish trend, underscoring the market's response to changing global supply dynamics.

Diammonium Phosphate (DAP) Prices December 2023

The diammonium phosphate (DAP) prices in the United States for Q4 2023 reached 558 USD/MT in December. In the USA, the market during the fourth quarter of 2023 experienced an upward trend due to a shortage of key feedstocks such as ammonia and phosphoric acid. Transportation challenges and supply constraints further tightened the market, pushing prices higher. Anticipated growth in feedstock costs contributed to a bullish market outlook.

The price trend for diammonium phosphate (DAP) in China for Q4 2023, reached 563 USD/MT in December. In China, the (DAP) market in Q4 2023 saw prices increase due to supply shortages and high demand. Factors such as delays in production resumption, rising raw material costs, and production disruptions contributed to the volatile market. Despite fluctuations, strong demand maintained upward price pressure throughout the quarter.

The price trend for diammonium phosphate (DAP) in Germany for Q4 2023, reached 665 USD/MT in December. Germany's diammonium phosphate ((DAP)) market in Q4 2023 faced rising prices due to tight supply and increased production costs. Limited domestic demand and supply disruptions, including halted ammonia production and energy-intensive facility closures, constrained availability, contributing to a cautious market outlook amidst economic and logistical challenges.

The diammonium phosphate (DAP) prices in the Saudi Arabia for Q4 2023 reached 585 USD/MT in December. In Saudi Arabia, the diammonium phosphate ((DAP)) market showed a bullish to balanced trend during December 2023. November's price increase was driven by limited spot availability and resumed production at key facilities, while December remained stable. Strong international demand and supply constraints kept prices elevated despite ample global availability.

Regional Coverage

The report provides a detailed analysis of the diammonium phosphate (DAP) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the diammonium phosphate (DAP) price trend.

Global Diammonium Phosphate (DAP) Price

The report offers a holistic view of the global diammonium phosphate (DAP) pricing trends in the form of diammonium phosphate (DAP) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into diammonium phosphate (DAP) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into diammonium phosphate (DAP) price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed diammonium phosphate (DAP) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Diammonium Phosphate (DAP) Price

Q3 2024:

Q3 2024 in Europe experienced a noticeable upward trend in diammonium phosphate (DAP) prices. This increase was primarily driven by rising production costs, affected by the high expense of feedstock, coupled with strong agricultural demand. A restricted supply during the seasonal peak further intensified upward pressure on prices. In the final part of Q3, the market began to stabilize as supply was enhanced, but the mismatch between supply and actual requirement caused stock levels to rise. Despite this, the quarter still closed with a slight quarter-on-quarter increase, maintaining the overall positive price trend and reflecting the complex market dynamics at play.

Q2 2024:

The European market for diammonium phosphate (DAP) saw significant price reduction in Q2 2024, influenced by excess supply amid stable but unsupportive demand levels. The restart of facility operations in the region added to the supply, pushing prices down further. Rising costs for feedstocks raised manufacturing costs, though Ammonia prices offered slight relief. Germany replicated this regional trend, experiencing moderate but steady price declines, partially affected by seasonal agricultural cycles. Towards the end, the European market reflected a stable yet bearish sentiment, driven by ample supply and low demand, with DAP prices displaying limited signs of recovery.

Q4 2023:

In the fourth quarter of 2023, the (DAP) market saw a persistent uptrend due to supply shortages and logistical constraints. The halt in ammonia production by key producers and decreased exports led to tight supply, while increased freight costs further supported higher prices. Despite moderate to low domestic demand in Germany, heightened costs and supply disruptions shaped a cautious market outlook. The shutdown of energy-intensive facilities and reduced ammonia production also impacted supply levels. Additionally, the earthquake in Morocco and disruptions in European gas hubs constrained the production of phosphoric acid and (DAP), leading to higher prices amid moderate demand and low supply.

This analysis can be extended to include detailed diammonium phosphate (DAP) price information for a comprehensive list of countries.

North America Diammonium Phosphate (DAP) Price

Q3 2024:

In the third quarter of 2024, the North American diammonium phosphate (DAP) market experienced notable price fluctuations, culminating in a decrease during the latter part of the quarter. Production was hampered by limited availability of feedstock ammonia, which created challenges in maintaining steady operations. The agricultural industry's demand reduced due to market uncertainty driven by inflation and volatile crop rates, prompting buyers to exercise caution. This, combined with moderate market offtakes, kept costs relatively static. Production constraints further influenced the market, contributing to a slight overall decline by the end of Q3 2024. There was a general negative atmosphere in the market at the end of the quarter.

Q2 2024:

In North America, the price of diammonium phosphate (DAP) during the second quarter of 2024 saw a steep decline primarily due to excess availability. Relaxed conditions for export in key production areas flooded the market, contributing to a bearish environment. The fertilizer market also witnessed sluggish demand, as farmers had already stocked up, which amplified the downward pressure on prices. The USA led this downward trend, with noticeable price drops influenced by seasonal demand decreases after the planting period and rising inventory levels. By the quarter's end, DAP prices in the region reflected ongoing challenges faced by producers, largely due to weak global demand and high availability.

Q4 2023:

During the fourth quarter of 2023, the North American market for diammonium phosphate ((DAP)) exhibited a bullish trend. The depletion of essential raw components, like phosphoric acid and natural gas, contributed to rising (DAP) rates. Additionally, transportation challenges due to the Mississippi River's low water levels and limited railcar and truck availability further constrained supply chains, adding upward pressure to prices. While buyers showed reluctance to make large purchases, import prices declined. However, there was a moderate price increase in November, driven by limited cost pressures on phosphoric acid and ammonia. The overall market outlook remained bullish due to expected increases in feedstock prices and ongoing supply constraints.

Specific diammonium phosphate (DAP) historical data within the United States and Canada can also be provided.

Middle East and Africa Diammonium Phosphate (DAP) Price

Q3 2024:

In Q3 2024, the Middle Eastern market displayed a pronounced upward trend, with Saudi Arabia seeing a significant price rise. This increase was driven by strong agricultural demand, coupled with disturbances in the import of raw materials and escalating feedstock costs. The persistent growth in prices was supported by robust demand and rising production costs, reflecting a sustained optimistic outlook for the market. Seasonal challenges and geopolitical influences added further complexity to the market, amplifying price volatility and pressure. The quarter underscored strong momentum and a dynamic pricing landscape, fueled by both supply and demand-side factors.

Q2 2024:

The Middle East and Africa region saw significant declines in DAP prices during the second quarter of 2024, mainly due to excess availability in the market. Relaxed restrictions on exports supported the excess supply, while falling production costs, especially in raw materials, further lowered prices. In Saudi Arabia, changes were prominent, with notable declines in phosphoric acid costs following reduced prices of yellow phosphorous. Seasonal demand reduction, as the period after harvest sets in, also played a role. Towards quarter end, the Middle Eastern market continued on a declining, reflecting weak demand and high supply.

Q4 2023:

The market in the Middle East and Africa (MEA) region during the Q4 2023 exhibited a mix of bullish and stable trends. November saw an upward price movement due to limited spot availability and the renewal of manufacturing at key facilities, while December maintained stability despite declining ammonia prices. Strong demand from global fertilizer sectors, especially those in Brazil and India, contributed to sustained price levels. The regional market faced supply constraints and rising costs for essential feedstocks, which kept prices elevated. Despite ample accessibility in the international market towards the end of the quarter, the (DAP) market remained relatively balanced.

In addition to region-wise data, information on diammonium phosphate (DAP) prices for countries can also be provided.

Asia Pacific Diammonium Phosphate (DAP) Price

Q3 2024:

During the third quarter of 2024, the Asia Pacific region witnessed a significant rise in diammonium phosphate (DAP) prices, primarily fueled by heightened demand in anticipation of the season for cultivating and restricted supply. Seasonal weather challenges, including monsoons and typhoons, alongside geopolitical tensions, disrupted feedstock accessibility and drove up manufacturing prices. Sourcing activity remained strong, supported by higher input costs for ammonia and phosphoric acid, which reinforced bullish market behavior. Although the quarter experienced some price variability, the overall trend pointed to an upward trajectory. This consistent increase, despite periodic fluctuations, highlighted ongoing instability within the market landscape throughout the quarter.

Q2 2024:

In the APAC region, DAP prices dropped sharply throughout Q2 2024, primarily due to a persistent oversupply situation. An increase in imports, spurred by relaxed export controls, further saturated the market and led to a noticeable price decline. Rising costs of production, especially due to higher raw material costs, also influence the price negatively. Japan experienced particularly sharp price fluctuations, with downward momentum fueled by ample supply and minimal demand growth. Seasonal factors, particularly the end of the planting season, reduced demand, adding to the price pressure. By the quarter's end, the pricing landscape remained challenging, reflecting the region's vulnerability to oversupply and rising manufacturing costs.

Q4 2023:

In the Asia-Pacific region, the diammonium phosphate ((DAP)) industry saw a bullish pattern all along Q4 2023, with significant fluctuations. The Chinese market, in particular, experienced price increases due to supply limitations and heightened demand. Early in the quarter, rising phosphate rock costs and delays in production resumption following holidays resulted in a material shortage. Market conditions in China remained volatile, with fluctuations driven by limited global product availability and production disruptions. An uptick in international demand also contributed to higher prices, despite some supply chain issues. Overall, the APAC region maintained a positive market sentiment, driven by robust demand and supply challenges.

This diammonium phosphate (DAP) price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Diammonium Phosphate (DAP) Price

Q3 2024:

During the third quarter of 2024, Latin America's diammonium phosphate (DAP) market encountered a declining trend in the rates. A global excess in supply intensified conflict between exporters, limiting price growth despite stable agricultural demand. The region's market performance was further impacted by fluctuating exchange rates and steady fertilizer consumption, which prevented price recovery. In Brazil, a constant reduction in DAP pricing was noted, driven by variable feedstock availability, and shifting worldwide requirement for fertilizer. Seasonal factors contributed to this steady decline, creating persistent negative sentiment throughout the entirety of Q3. The combined pressures highlighted the challenging market dynamics faced in this period.

Q4 2023:

The analysis of diammonium phosphate (DAP) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Diammonium Phosphate (DAP) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Diammonium Phosphate (DAP) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of diammonium phosphate (dap) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of diammonium phosphate (dap) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of diammonium phosphate (dap) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing diammonium phosphate (dap) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Diammonium Phosphate (DAP) Market Analysis

The global diammonium phosphate (DAP) market size reached US$ 44.9 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 65.6 Billion, at a projected CAGR of 4.30% during 2023-2032.

• The increasing food consumption represents one of the key factors influencing the growth of the market across the globe. This, coupled with the rising global population is driving the demand for fertilizers, such as DAP. The growing use of DAP in enhancing crop yield and quality is fueling the market growth. According to Invest India, India’s food processing sector is one of the largest across the globe and its output is expected to reach $535 Billion by 2025-26 which is further expected to support the growth of the market.
• The rising focus on the importance of nutrient management to improve crop yield with modern agricultural practices is contributing to the growth of the market. The balanced supply of nitrogen and phosphorus in DAP is making it an essential component of integrated nutrient management strategies which is fostering its demand among farmers seeking to optimize crop performance. According to the US Department of Agriculture (USDA), agriculture, food, and related industries contributed roughly $1.420 trillion to U.S. gross domestic product (GDP) in 2022, a 5.5% share. For instance, in 2022, Nutrien Ltd. announced that it was evaluating Geismar, LA as the site to build the world’s largest clean ammonia facility. Building on the company’s expertise in low-carbon ammonia production, clean ammonia will be manufactured using innovative technology to achieve at least a 90% reduction in CO2 emissions.
• The increasing emphasis on the mounting amount of cultivable land, especially in emerging economies, is driving the demand for fertilizers like DAP. This is primarily due to the need to ensure food and support rural development which is further propelling the market growth. According to the latest data available from the Union government, against the total agricultural land of 1,80, 888, thousand hectares, the cultivated land in India is 1,53,888 thousand hectares. Of the total available agricultural land 71, 554 thousand hectares, or only 40% is irrigated.

Diammonium Phosphate (DAP) News

The report covers the latest developments, updates, and trends impacting the global diammonium phosphate (dap) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in diammonium phosphate (dap) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the diammonium phosphate (dap) price trend.

Latest developments in the diammonium phosphate (DAP) industry:

• In March 2024, PhosAgro launched a new production facility at its Volkhov production complex. The new million-tonne plant will enable the company to meet the rising demand for Russian farmers for years to come while also boosting PhosAgro’s position as the leading supplier of mineral fertilizers to the Russian market.
• In February 2024, PhosAgro increased its production of agrochemical products to a record 11.3 million tons in 2023, the company’s CEO, Mikhail Rybnikov announced at a meeting of the Company's Management Board.

Product Description

Diammonium phosphate (DAP) plays a crucial role in global agriculture as the most popular and economical form of phosphate fertilizer.

DAP is an extensively employed inorganic compound, recognized by its chemical formula (NH4)2HPO4.

DAP is highly soluble and readily available to plants as a source of phosphorus and nitrogen, two essential nutrients that support root development and enhance crop yield.

It appears as a white crystalline powder and is applied to the soil, where it temporarily increases the soil pH, thus making it slightly more alkaline upon application but eventually becoming more neutral as the plant absorbs the nutrients.

The production of DAP includes the chemical reaction between ammonia and phosphoric acid under controlled conditions. Its ease of handling, storage, and application, coupled with its effectiveness as a fertilizer, is making DAP a preferred choice among farmers around the world.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of diammonium phosphate (dap) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting diammonium phosphate (dap) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The diammonium phosphate (dap) price charts ensure our clients remain at the forefront of the industry.