Asia
In Q4 of 2024, the price of Diammonium Phosphate (DAP) witnessed a steady increase, driven by rising raw material costs and supply disruptions in key regions. In Asia, DAP prices experienced a moderate uptick as global price trends and a surge in import costs impacted the region.
The market saw a shortage of supply, primarily due to the increase in global DAP prices and a 26% rise in the landed cost of imports. This shortage, coupled with increased demand for winter crops, particularly in countries like India, led to inflation in the prices of DAP. The government’s efforts to manage subsidies, though effective to some extent, couldn't completely offset the higher costs, leading to a price rise by the end of the quarter.
Europe
In Europe, the DAP market faced similar challenges, though the price increases were somewhat less severe compared to Asia. The geopolitical tensions and disruptions in supply chains, particularly from regions like the Red Sea, had a direct impact on the price of DAP in the European market. The scarcity of raw materials and supply issues led to a gradual increase in prices, despite efforts to control subsidies and manage stock levels. Farmers were particularly affected by the rise in prices, although the government's measures, including the extension of the special package, were aimed at mitigating the impact on consumers. Even with these efforts, the overall price of DAP in Europe showed a steady climb, reflecting global trends.
North America
In North America, the price trend for DAP also mirrored the global upward movement. The market faced its own set of challenges, including a surge in import costs and a decrease in the availability of the fertilizer. Factors like global supply chain disruptions and the rising cost of production due to raw material price increases contributed to the upward pressure on prices. Despite government subsidies designed to stabilize the market, the increase in DAP prices was evident by the end of Q4. The higher prices, combined with regional supply constraints, left many farmers struggling to secure adequate amounts of the fertilizer for the upcoming season.
Get real-time price assessments, periodic trends, forecasts and price driver insights across key global markets.
Unlock Price Insights NowOur Clients
Turn price intelligence into action with the Procurement Resource Database. Log in or subscribe to unlock live price trends, historical charts, supplier databases, cost curves, and analyst-backed insights across chemicals, agriculture, energy, packaging, and more. Use these tools to benchmark your contracts, plan budgets with confidence, and stay ahead of market moves on every product you buy.
0
+Products
0
+Regions
0
+Subscriptions
Asia
The global Di-Ammonium Phosphate (DAP) market has shown distinct regional variations during the third quarter of 2024.
The Asian market has emerged as the strongest performer, demonstrating robust bullish sentiment driven by pre-seasonal buying and supply chain disruptions. Weather-related challenges, increased procurement activities, and limited supply availability have collectively supported the price uptrend in the region.
Europe
The European market has displayed moderate strength despite late-quarter softening. The market dynamics have been shaped by production cost escalations and seasonal demand patterns, though improved supply availability post-summer holidays have helped stabilize prices. Strong agricultural sector demand initially drove the market, but easing supply constraints towards quarter-end have tempered the price momentum.
North America
North American market has faced significant headwinds, with prices showing weakness due to subdued agricultural demand and operational challenges at manufacturing facilities. The market has been particularly impacted by feedstock availability issues and cautious buying behaviour among farmers, who are navigating concerns about inflation and crop price uncertainties. The reduced operational rates at manufacturing units have further contributed to market instability.
Diammonium Phosphate or DAP is an inorganic phosphate. It is a part of the diammonium salt of phosphoric acid. Being an inorganic phosphate as well as an ammonium salt, it depicts properties of both. It is soluble in water.
(NH4)2HPO4
Phosphorus fertiliser, Industrial processes, Fire retardant, Yeast fermentation
7783-28-0, Diammonium hydrogen phosphate, Diammonium hydrogenphosphate, Ammonium phosphate dibasic, Phosphoric acid, diammonium salt
Sichuan Blue Sword Chemical (Group)Co.,Ltd., Jordan Phosphate Mines Co.PLC, Coromandel International Limited, Ava Chemicals, Ballance Agri-Nutrients Ltd., Sichuan Chuanxi Xingda Chemical Co., China Blue Chemicals Ltd., Saudi Arabian Mining Company ("MA'ADEN")
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In this process, phosphorus pentoxide and nitrogen are mixed in specific quantity to finally obtain Diammonium Phosphate in granular form for direct application as fertilizer.
Neha Gawande
Senior Lead Analyst
Delivering procurement intelligence and commodity research across automotive, oil & gas, chemicals, aerospace, and energy, helping sourcing teams decode complex supply chain data to sharpen purchasing strategies and achieve sustainable cost outcomes.
Our Price Analysis Methodology
Experience how Procurement Resource transforms raw material price data into clear, decision ready intelligence. Optimise your performance with reliable, expert market data and analysis. Schedule your demo today to experience a live walk-through where our experts will showcase interactive price charts, forecasted prices, and insights driving the prices for your key commodities, tailored to your workflows. Contact us now!
Our Team will be happy to assist you
We are just a text away
Still Need Help?
This report presents a detailed cost analysis of DAP production from phosphoric acid and ammonia through ammonia-granulation process using the pipe-reactor.
Unlock full access to Procurement Resource's price databases, interactive charts, and short-term forecasts for thousands of commodities. Elevate your sourcing decisions by comparing prices across regions, downloading historical data, and layering in analyst-backed insights, all with our flexible plans that scale as your portfolio grows.
Still have any Questions
Contact Us
Price Trend Dashboard - What's Included
Price trends across a diverse portfolio of categories and products, spanning board to niche chemicals
Coverage extendable to grade-specific chemicals based on procurement requirements
Regular price tracking supported by robust historical datasets
News, policy updates, and key market drivers impacting price movements
Short-term and long-term price outlooks and forecasts
Supply-demand dynamics and capacity-driven market analysis
Track prices, market movements, supply-demand dynamics, and industry developments across hundreds of commodities through a centralized intelligence platform built for informed procurement decisions.
Understand market fluctuations using analyst-backed forecasts, historical pricing patterns, and evolving industry trends to strengthen sourcing strategies and budget planning.
Leverage cost models, pricing benchmarks, and procurement insights to evaluate purchasing opportunities, improve negotiations, and enhance operational efficiency.
Access region-specific price trends, trade activities, capacity changes, and supply chain developments influencing commodity markets worldwide.
