The first-quarter export data for China’s phosphate fertilizers shows a significant drop in volumes for both Diammonium Phosphate (DAP) and Monoammonium Phosphate (MAP), signaling a cooling demand in key international markets. While the decline in export quantities is concerning, the increase in average export prices for both products suggests that higher prices (driven largely by raw materials) are helping to offset some of the volume losses.
Diammonium Phosphate (DAP), Jan-Mar 2025
- Total Exports: 78,000 tons (down 45.2% YOY, a decrease of 64,000 tons).
- Average Export Price: $617.4 per ton (up 5.1%, +$30.1 YOY).
- Top Export Destinations (Jan-Mar 2025):
- Ethiopia: 42,000 tons (53.8% of total DAP exports).
- Japan: 12,000 tons.
- Ecuador: 10,000 tons.
- Guatemala: 10,000 tons.
- Combined: These four countries accounted for 95% of total DAP exports.
- March 2025 Exports:
- 12,000 tons (down 55.3% YOY, down 72.5% MOM).
- Average price: $601.9 per ton (up 11.7% YOY, down 0.8% MOM).
Monoammonium Phosphate (MAP) , Jan-Mar 2025
- Total Exports: 33,000 tons (down 66.4%, a drop of 66,000 tons YOY).
- Average Export Price: $702.2 per ton (up 17.8%, +$106.1 YOY).
- Top Export Destinations (Jan-Mar 2025):
- Brazil: 10,000 tons (30.3% of total MAP exports).
- Indonesia: 7,000 tons.
- UAE: 3,000 tons.
- Combined: These three countries accounted for 57.6% of total MAP exports.
- March 2025 Exports:
- 1,000 tons (up 194.2% YOY, down 91.3% MOM).
- Average price: $938.5 per ton (up 17.6% YOY, up 46.7% MOM).
| Phosphate fertilizers | Export volume, ‘000 tons | Export price, USD/t | ||||
| March | Jan-Mar | YOY change | March | Jan-Mar | YOY change | |
| DAP | 12 | 78 | -45.20% | 601.9 | 617.4 | 5.10% |
| MAP | 1 | 33 | -66.40% | 938.5 | 702.2 | 17.80% |
| TSP | 4 | 136 | -0.40% | 418.4 | 448.4 | -6% |
| NP | 238 | 614 | 757.50% | 396.2 | 417.6 | 13.50% |
| NPK | 66 | 169 | 198.20% | 351 | 389 | 1.40% |
