Diammonium phosphate (DAP) price development 2015-2024
The price of diammonium phosphate (DAP) reached 772 U.S. dollars per metric ton in 2022, according to the latest available data. It is projected that DAP prices will fluctuate in the coming years, with an estimated price of 580 U.S. dollars per metric ton in 2023, followed by a further decrease to 570 U.S. dollars per metric ton in 2024. The increase in DAP prices in 2022 can be attributed to several factors, such as high demand from downstream fertilizer markets, short supply of feedstock ammonia and phosphate rock, rising energy costs, labor issues, and port congestion that limited the availability of imports from Asia and the USA.
