In 2023, Brazil led global imports of Monoammonium Phosphate, contributing 29.03% of the total import value in US dollars. The United States and Canada followed, accounting for 15.9% and 11.59% respectively. Noteworthy changes included rising imports from Azerbaijan and substantial growth in Switzerland, both exceeding average increments, with Azerbaijan showing a 17.33% rise. Conversely, India and Saudi Arabia experienced the most significant declines, at over 10%. Fast-growing markets in Senegal, Armenia, and Tanzania emerged with double-digit growth rates.
Future trends to watch include potential shifts in import dynamics, as advancing agricultural needs and geopolitical factors may drive import behavior, potentially leading some smaller economies like Tanzania and Armenia to further intensify their importation in response to their burgeoning agricultural sectors.
Top countries in Import of Ammonium Dihydrogenorthophosphate (Monoammonium Phosphate) Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 29.03 | 2023 | +2.95% | +2.78% | View data |
| 2 | 2 United States | 15.9 | 2023 | +4.81% | +2.5% | View data |
| 3 | 3 Canada | 11.59 | 2023 | +3.36% | +6.64% | View data |
| 4 | 4 Australia | 8.03 | 2023 | +2.19% | +1.76% | View data |
| 5 | 5 Argentina | 6.92 | 2023 | +2.4% | +1.29% | View data |
| 6 | 6 Paraguay | 2.22 | 2023 | +5.68% | +5.2% | View data |
| 7 | 7 South Africa | 2.2 | 2023 | +3.48% | +2.44% | View data |
| 8 | 8 Colombia | 1.39 | 2023 | +1.41% | +1.21% | View data |
| 9 | 9 Zimbabwe | 1.28 | 2023 | +5.35% | +5.81% | View data |
| 10 | 10 Spain | 1.28 | 2023 | +2.15% | +2.94% | View data |
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