April 2024 China Phosphate Fertilizer Import and Export Data
June 12, 2024, 9:21 AM
Feidoodoo
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April 2024 saw significant shifts in China's phosphate fertilizer trade, with dramatic increases in both MAP and DAP imports and exports compared to the previous month and year. The increases highlight the volatile nature of the fertilizer market and significant changes in global demand and supply dynamics. The import increases were notably exponential, indicating a drastic change in sourcing strategies or availability from foreign markets. Export destinations for both MAP and DAP are diverse, indicating China's broad market reach in the phosphate fertilizer sector.
Monoammonium Phosphate (MAP)
Export Data:
- In April 2024, China exported 20.97 thousand tons of MAP, an increase of 20.93 thousand tons from the previous month, representing a month-on-month increase of 58,804.49%.
- Compared to the same period last year, exports increased by 7.42 thousand tons, a year-on-year increase of 54.76%.
- The average export price was $519.86 per ton.
- From January to April 2024, the cumulative export volume was 30.93 thousand tons, a decrease of 36.04 thousand tons year-on-year, down 53.81%.
Import Data:
- In April 2024, China imported 8,064.08 tons of MAP, an increase of 7,118.83 tons from the previous month, up 753.12% month-on-month.
- Compared to the same period last year, imports increased by 8,063.78 tons, a dramatic rise of 2,687,925.00%.
- The average import price was $362.21 per ton.
- From January to April 2024, the cumulative import volume was 10,181.67 tons, an increase of 10,081.16 tons year-on-year, up 10,030.01%.
Top Export Destinations for MAP:
- The main export destinations included Argentina, India, Brazil, Australia, Thailand, Malaysia, Vietnam, and Chile, accounting for 24%, 23%, 21%, 10%, 9%, 4%, and 3% of total exports, respectively.
Diammonium Phosphate (DAP)
Export Data:
- In April 2024, China exported 39.98 thousand tons of DAP, an increase of 37.36 thousand tons from the previous month, representing a month-on-month increase of 1,428.30%.
- Compared to the same period last year, exports increased by 6.73 thousand tons, a year-on-year increase of 20.23%.
- The average export price was $558.78 per ton.
- From January to April 2024, the cumulative export volume was 54.13 thousand tons, a decrease of 42.46 thousand tons year-on-year, down 43.96%.
Import Data:
- In April 2024, China imported 175.00 tons of DAP, an increase of 174.90 tons from the previous month, up 173,169.31% month-on-month.
- Compared to the same period last year, imports increased by 174.70 tons, a staggering rise of 58,234.00%.
- From January to April 2024, the cumulative import volume was 215.81 tons, an increase of 195.31 tons year-on-year, up 952.71%.
Top Export Destinations for DAP:
- The primary export destinations were Thailand, Vietnam, Pakistan, India, Chile, Argentina, the Philippines, Mexico, and Indonesia, accounting for 20%, 17%, 16%, 11%, 9%, 6%, 4%, 4%, and 3% of total exports, respectively.
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