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ChinaQ1 2025:
During Q1 2025, FOB Morocco Diammonium Phosphate (DAP) prices had risen to USD 619/MT, marking a 3% increase from Q4 2024. This increase had been driven by sustained global demand, particularly from major importers such as India, where domestic DAP production had declined amid heightened seasonal requirements. On the supply side, artificial constraints and logistical disruptions—including elevated freight rates and port congestion—had limited market availability, reinforcing the upward pricing trend. Moreover, increased input costs, especially for phosphoric acid, had exerted further pressure on pricing. These combined factors had created a favorable pricing environment for Moroccan exporters, leading to the observed quarterly rise.
Q4 2024:
During Q4 2024, FOB China Diammonium Phosphate (DAP) prices had increased to USD 616/MT, reflecting a 3.29% rise from Q3 2024. This increase had followed supply chain disruptions such as container shortages and extended shipping routes due to geopolitical developments, which had tightened global export availability and raised logistics costs. Meanwhile, procurements eased as the quarter concluded. Chinese producers had also implemented production adjustments in response to earlier market corrections, which had further constrained supply. Concurrently, rising upstream costs for raw materials and energy had been passed through to buyers, contributing to the firming of prices during the quarter.
Q3 2024:
During Q3 2024, FOB Baltic Diammonium Phosphate (DAP) prices had risen to USD 576/MT, marking a 9.62% increase from Q2 2024. The price surge had been supported by constrained supply, likely stemming from production issues, logistical bottlenecks, and elevated export activity. Robust agricultural demand during key planting periods had further reinforced the upward movement. Additionally, broader global market dynamics, including rising energy costs and currency fluctuations, had influenced regional pricing behavior, reflecting the complex interplay between local and international factors shaping fertilizer markets.
Q2 2024:
During Q2 2024, FOB Morocco Diammonium Phosphate (DAP) prices had declined to USD 576/MT, a 4.9% decrease from Q1 2024. The price reduction had been driven by subdued demand, particularly in the fertilizer segment, alongside persistent logistical disruptions that had resulted in elevated inventories. This environment had compelled suppliers to adopt cautious pricing strategies. Concurrently, improved global production prospects and lower input costs had exerted downward pressure on prices. The increased availability of exports from regions such as China, along with a risk-averse trading sentiment, had further contributed to the bearish pricing environment.
Q1 2024:
In Q1 2024, Diammonium Phosphate (DAP) prices had increased to USD 580-600/MT FOB Jorf Lasfar (Morocco), registering a 0.35% rise from Q4 2023. This modest uptick had reflected increased seasonal demand tied to spring import cycles, as agricultural stakeholders had prepared for the upcoming planting season. The price movement had also indicated mild logistical or cost-side pressures, consistent with trends observed across similar fertilizer commodities. While the increase had been marginal, it had underscored a stable yet firm pricing sentiment in the Baltic market for DAP during the period.
Q1 2025:
During Q1 2025, India’s imports of Diammonium Phosphate (DAP) had been significantly impacted by rising international prices, particularly from Morocco, Saudi Arabia and others where FOB values had reached USD 620-630/MT, reflecting a significant increase from Q4 2024. Indian importers had faced elevated procurement costs due to constrained global availability and increased input prices, especially for phosphoric acid. Domestic DAP production in India had declined during this period, creating a supply shortfall that had necessitated higher import volumes to meet agricultural demand ahead of the kharif sowing season. After the conclusion of first quarter, DAP prices in India were assessed at USD 660/MT CFR Kakinada.
Q4 2024:
During Q4 2024, Diammonium Phosphate (DAP) in India had risen to USD 635/MT CFR Kakinada, reflecting a 9.24% increase from Q3 2024. The price escalation had been driven by rising raw material costs and supply disruptions in key production regions, which had tightened availability and increased landed import costs. Global logistical challenges and geopolitical developments had further constrained supply chains, while seasonal demand for winter cropping in major importing countries had reinforced price strength.
Q3 2024:
During Q3 2024, Diammonium Phosphate (DAP) prices in India from Saudi Arabia had increased to USD 581/MT CFR Kakinada, registering an 8.48% rise from Q2 2024. This increase had been supported by higher input costs—particularly for phosphoric acid and ammonia—as well as supply disruptions that had limited market availability. Global demand for fertilizers had also risen in advance of the planting season, compounding price pressures. Concurrent geopolitical instability and logistical constraints had further amplified these effects, creating a bullish pricing environment despite the oversupply conditions observed earlier in the year.
Q2 2024:
During Q2 2024, Diammonium Phosphate (DAP) prices in India had declined to USD 536/MT CFR Kakinada, marking a 10.36% decrease from Q1 2024. This significant drop had been driven by a global supply glut, with major producers expanding export volumes while regional inventories had risen. Meanwhile, post-seasonal demand tapered, resulting in slower offtake. Lower input costs, particularly for phosphoric acid, had reduced production expenses and reinforced the pricing decline. Additionally, relaxed export restrictions and increased competition among suppliers had intensified the bearish trend, leading to the observed fall in CFR prices despite lingering geopolitical and logistical challenges.
Q1 2024:
During Q1 2024, Diammonium Phosphate (DAP) in India from Saudi Arabia had risen to USD 600/MT CFR Kakinada, representing a 3.07% increase from Q4 2023. The increase had been supported by constrained global supply caused by raw material sourcing disruptions and ongoing geopolitical tensions. Concurrently, rising demand ahead of the spring planting season in key importing countries had placed additional upward pressure on prices. Manufacturing and shipping costs had also trended higher, contributing to the firm pricing environment. Despite the presence of subsidies in select markets, these pressures had collectively driven the net price increase for the quarter.
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Track PriceWatch's diammonium phosphate (dap) price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.
In 2015, global DAP prices dropped notably due to oversupply and reduced demand. The international price of DAP fell in June 2015 to early 2016 by about 22%, driven by abundant supply and weaker purchasing from major agricultural markets. This trend was reflected in retail markets, where fertilizer prices generally decreased compared to the previous year.
While not a single event, the period saw significant fluctuations in currency exchange rates, particularly for countries dependent on imports. For India, even though 2015 was a year of relatively low global DAP prices, currency volatility (notably the rupee-dollar rate) could amplify or mitigate the effect of global price changes on local markets. However, in 2015, the main driver was the low global price rather than sharp currency swings.
Throughout 2015 and surrounding years, government policies on fertilizer subsidies played a crucial role in shaping domestic DAP prices. In India, for example, the government’s focus on urea subsidies sometimes diverted attention from DAP, affecting its production and pricing dynamics. Policy decisions regarding import duties and subsidies could either buffer or exacerbate the impact of global price changes on local markets.
This research methodology ensures that PriceWatch delivers accurate, timely, and actionable DAP pricing assessments, enabling our clients to stay ahead of market trends and make informed decisions in an ever-changing market.
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DAP is a white, crystalline inorganic fertilizer containing both nitrogen (typically 18%) and phosphorus (P₂O₅, typically 46%), making it a highly effective source of these essential plant nutrients. It is widely used to promote strong root development, enhance flowering and fruiting, and improve overall crop yield and quality. DAP is highly water-soluble and has a slightly alkaline pH, which makes it suitable for a wide range of soils and crops, though care should be taken in acidic soils to avoid pH imbalances. It is non-flammable and easy to store, handle, and apply. In addition to its agricultural uses, DAP finds applications in certain industrial processes, such as fire retardants and as a nutrient source in animal feed supplements.
Packaging Type
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Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Test Parameter | Standard (Typical) for DAP |
| Appearance (Color) | White, grey, or black (tones) |
| Appearance (Form) | Solid granules |
| Odor | Odorless or faint ammonia odor |
| Purity (Assay, min.) | Not typically specified by assay; specified by N and P₂O₅ content |
| Nitrogen Content (min.) | 18.0% by weight |
| Phosphorus Content (as P₂O₅, min.) | 46.0% by weight |
| Moisture (max.) | 2.5% (common); 1.5% in some standards |
| Particle Size (Granular) | 90% between 1–4 mm (varies by standard) |
| Melting Point | ~155°C (decomposes before melting) |
| Specific Gravity | ~1.62 (solid at 20°C) |
Applications
Diammonium phosphate (DAP) is primarily used as a high-phosphorus and nitrogen fertilizer, vital for robust root and crop development in agriculture. It also plays roles in industrial processes such as fermentation, yeast production, and metal finishing. DAP serves as a flame retardant in firefighting and helps regulate soil pH. DAP’s main value lies in improving soil fertility, supporting food processing, and offering fire protection, making it essential for farming, industry, and safety applications.
Global DAP prices are determined by a range of interconnected factors. Agricultural demand, especially in key importing countries like India, Brazil, and Africa, remains a primary driver, as rising populations and food security concerns increase fertilizer needs. Geopolitical tensions, such as sanctions and export restrictions, frequently disrupt supply chains, resulting in heightened price volatility. Additionally, production costs are significantly influenced by fluctuating prices of sulphur and ammonia, as well as by high energy expenses. Furthermore, strict environmental regulations like the EU’s CBAM add to production costs, ultimately pushing up market prices.
The availability of DAP directly shapes its pricing trends: when supply is limited due to production disruptions, export restrictions, or logistical challenges, prices typically rise as demand outstrips available stocks. Conversely, increased production or excess inventories can lead to price declines. For instance, shortages in Q4 2024, driven by supply chain issues and higher import costs, caused significant price increases in Asia and other regions, while periods of adequate or surplus supply have resulted in more stable or falling prices. Thus, market equilibrium hinges on DAP availability.
Regional DAP pricing reflects diverse local factors such as supply, demand, and production costs. For instance, markets in Europe and Asia frequently experience higher prices due to robust agricultural needs and supply constraints, while the Americas may see more moderate pricing when local supply is adequate or demand is weaker. These differences prompt buyers to compare regional market conditions, adjust sourcing strategies, and time their purchases to take advantage of lower prices or greater availability in specific locations.
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