Monoammonium Phosphate (MAP) Prices

Monoammonium Phosphate (MAP) Prices December 2023

The monoammonium phosphate (MAP) prices in the USA for Q4 2023 reached 668 USD/MT in December. Prices climbed steadily, influenced by global supply chain disruptions and heightened demand within the fertilizer market. The combination of rising feedstock costs and constrained inventories contributed to the upward price movement, reflecting broader market challenges.

The price trend for monoammonium phosphate (MAP) in China for Q4 2023 reached 389 USD/MT. Prices rose significantly, supported by strong demand from downstream industries and increased consumer spending due to easing inflationary pressures. The availability of essential feedstocks like ammonia also played a role in driving prices higher.

In Germany, the price trend for monoammonium phosphate (MAP) reached 718 USD/MT in December 2023. The market saw price increases in the country, driven by rising demand and supply chain challenges, including sanctions on Russia. The rising cost of energy further elevated production costs, contributing to the overall price uptick in the European market.

Monoammonium Phosphate (MAP) Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Monoammonium Phosphate (MAP) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of monoammonium phosphate (MAP) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing monoammonium phosphate (MAP) 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.

Monoammonium Phosphate (MAP) Market Analysis

The global monoammonium phosphate (MAP) market size reached US$ 18.12 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 26.468 Billion, at a projected CAGR of 4.30% during 2023-2032.

• The increasing demand for effective fertilizers as a result of the heightened food needs among the masses is bolstering the market growth. Based on the report by the U.S. Department of Agriculture (USDA) in 2023, it was estimated that the worldwide need for food will rise between 70% to 100% by 2050 owing to population growth and higher incomes. Monoammonium phosphate (MAP) is greatly appreciated for its capacity to provide vital nutrients, including phosphorus and nitrogen, directly to plants, ultimately improving crop yield and quality. Farmers and agribusinesses are using MAP because of its superior solubility and effectiveness in nutrient absorption, resulting in better root growth and healthier plants. Additionally, MAP is employed for different farming conditions owing to its effectiveness in various soil types, like acidic soils.
• The increase in environmental concerns is causing more focus on reducing the environmental impact of farming. The prolonged release characteristics of MAP guarantee a consistent supply of nutrients to plants over an extended period, reducing the risk of nutrient runoff and leaching that may lead to soil and water pollution. Moreover, MAP assists in keeping soil pH levels balanced, which is essential for sustainable agriculture. Using MAP helps achieve sustainable intensification by boosting crop output without harming the environment, making it a popular option for eco-friendly farmers and companies in the agriculture sector.
• Many governments are offering financial incentives to farmers for encouraging the use of high-efficiency fertilizers such as MAP to increase crop production and guarantee food availability. Fertilizer subsidies alleviate the financial strain on farmers, increasing the accessibility and affordability of MAP. These measures and financial aids are motivating more farmers to embrace MAP. In February 2024, the Government of India emphasized several welfare programs designed to assist farmers, such as monetary assistance, crop insurance, soil health management, and marketing reforms. These programs aim to tackle issues faced by farmers and encourage environment-friendly farming methods.
• Farmers are becoming more aware and educated about the benefits of using MAP, which is a key factor contributing to its market growth. Agricultural extension services and education programs are spreading information about the benefits of MAP, such as how it enhances soil health and plant nutrition.
• Advancements in technology and innovations in how fertilizers are made and used are playing a key role in strengthening the market growth. The efficiency and ease of application of MAP are enhanced by the development of improved formulations and tailored granule sizes to meet specific agricultural requirements. Improvements like precision farming and advanced irrigation systems are encouraging the use of MAP as they require fertilizers that work well with contemporary agricultural machinery. Additionally, there is a focus on enhancing the nutrient release patterns of MAP through research and development (R&D) to increase its effectiveness and efficiency. These technological advancements are broadening the uses and impact of MAP, causing a rise in its usage in agriculture.

Monoammonium Phosphate (MAP) News

The report covers the latest developments, updates, and trends impacting the global monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the monoammonium phosphate (MAP) price trend.

Latest developments in the monoammonium phosphate (MAP) industry:

• May 2024: Ma'aden, a company from Saudi Arabia, is set to purchase Mosaic's 25% share in their joint venture, Ma'aden Wa'ad Al Shamal Phosphate Company (MWSPC), by issuing about 111 million new shares for $1.5 billion. This purchase will increase Ma'aden's ownership in MWSPC from 60% to 85%, improving its phosphate production capacity.

Product Description

Monoammonium phosphate (MAP) is a chemical compound that is a water-soluble salt that appears as a white crystalline powder.  It is made by combining ammonia and phosphoric acid in a chemical reaction to form a substance, which allows easy access to plants. It comes in different forms, such as granular and powder, to meet various agricultural requirements.

MAP aids in improving the reproductive stage of plants, resulting in increased productivity per hectare, which is vital for satisfying the rising food requirements. It provides nitrogen and phosphorus together in a single application, making fertilization easier and guaranteeing plants get a well-rounded nutrition. It offers high solubility and nutrient availability, which helps decrease nutrient runoff and leaching, thus reducing environmental pollution and safeguarding water quality. It is a substance that is safe, non-toxic, and non-flammable, making it appropriate for different environments without any extra dangers.

Regional Coverage

The report provides a detailed analysis of the monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) price trend.

Global Monoammonium Phosphate (MAP) Price

The report offers a holistic view of the global monoammonium phosphate (MAP) pricing trends in the form of monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) 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 Monoammonium Phosphate (MAP) Price

Phosphate prices were appreciated in the European market, as monoammonium phosphate (MAP) saw an ascending trend due to increasing consumption along with shortage of supplies. The Europeans faced additional hurdles with the introduction of Western sanctions on Russia, after its annexation of Crimea and Moscow's termination of a long-standing Black Sea grain deal. Nonetheless, the market managed to grow as people bought in bulk and energy prices increased leading to growing costs of production. The Monoammonium prices were higher under the influence of factors, which led to a more complex pattern in European fertilizer costs.

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

North America Monoammonium Phosphate (MAP) Price

The monoammonium phosphate market in North America, mirrored global trends, with prices trending upwards throughout the period. Supply chain disruptions, particularly owing to geopolitical tensions between Russia and Israel, significantly influenced the market. The rising demand for fertilizers, coupled with increasing costs of feedstock materials, further strained the supply chain. Limited inventory levels added to the pressure, driving prices higher.

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

Middle East and Africa Monoammonium Phosphate (MAP) Price

The report explores the monoammonium phosphate (MAP) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Monoammonium Phosphate (MAP) Price

Prices for monoammonium phosphate in the Asia Pacific region rose significantly, supported by robust demand from the agriculture sector where it is generally applied as phosphorus fertilizer. The availability of some key feedstocks like ammonia and phosphoric acid caused further price escalation. Positive market trends in China reduced inflationary pressure owing to robust activities in downstream industry and increased consumer spending.

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

Latin America Monoammonium Phosphate (MAP) Price

The analysis of monoammonium phosphate (MAP) 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) 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 monoammonium phosphate (MAP) price charts ensure our clients remain at the forefront of the industry.