HS Code:
The category 'Containing less than 65 percent available diphosphorus pentaoxide (P2O5) equivalents' typically falls under HS Code 310540, which includes ammonium dihydrogenorthophosphate (monoammonium phosphate) and mixtures thereof with diammonium hydrogenorthophosphate (diammonium phosphate). These products are primarily used as fertilizers in agriculture due to their high phosphorus content, which is essential for plant growth. This category is critical in global agricultural supply chains, supporting food security and crop yield optimization.
Total Trade Volume
Approximately $2.5 billion USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$800 million USD
32% of total trade of total trade
Increasing
$500 million USD
20% of total trade of total trade
Stable
$400 million USD
16% of total trade of total trade
Increasing
$300 million USD
12% of total trade of total trade
Stable
$200 million USD
8% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
10% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-USMCA)
Rising demand for sustainable fertilizers
Increased interest in low-P2O5 content fertilizers to reduce environmental impact, driving innovation in product formulations.
2021-2023
Geopolitical disruptions affecting supply chains
Sanctions on major exporters like Russia have led to supply constraints, increasing prices and shifting trade to alternative suppliers.
2022
Growth in agricultural output in developing regions
Higher demand for fertilizers in Africa and South Asia, boosting export opportunities for major producers.
2020-2023
The ongoing conflict has disrupted fertilizer exports from Russia, a key supplier, leading to a global shortage of phosphorus-based fertilizers.
February 2022 onwards
Price spikes and supply chain reconfigurations, with countries seeking alternative suppliers like Morocco and Saudi Arabia.
The European Union introduced stricter regulations on fertilizer use to reduce environmental pollution, affecting import and usage patterns of P2O5-based products.
January 2023
Potential reduction in demand within the EU market, pushing exporters to focus on other regions.
China imposed temporary export restrictions on fertilizers to prioritize domestic agricultural needs amid global supply chain challenges.
October 2021
Reduced global availability, causing price increases and trade shifts to other major exporters.