Global Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size

In 2023, after two years of growth, there was significant decline in the global ammonium sulphate market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2022, and then reduced in the following year.

Ammonium Sulphate Production

In value terms, ammonium sulphate production expanded modestly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, global production growth remained at a lower figure.

Ammonium Sulphate Exports

Exports

In 2023, shipments abroad of ammonium sulphate decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2022, and then dropped in the following year.

In value terms, ammonium sulphate exports shrank sharply to $X in 2023. In general, exports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The global exports peaked at $X in 2022, and then reduced markedly in the following year.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belgium (X tons), comprising a X% share of total exports. The United States (X tons), the Netherlands (X tons), Canada (X tons), South Korea (X tons) and Russia (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. By contrast, Belgium (X%), South Korea (X%), the Netherlands (X%), the United States (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of South Korea (X p.p.), the Netherlands (X p.p.), Russia (X p.p.), Belgium (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ammonium sulphate supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Belgium ($X), with an X% share of global exports. It was followed by Canada, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Canada (X% per year).

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then declined significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports

After three years of growth, overseas purchases of ammonium sulphate decreased by X% to X tons in 2023. In general, total imports indicated a strong expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then dropped rapidly in the following year.

In value terms, ammonium sulphate imports shrank rapidly to $X in 2023. Over the period under review, imports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

Brazil represented the largest importing country with an import of around X tons, which finished at X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by the United States (X%), Indonesia (X%) and Malaysia (X%). Turkey (X tons), the Philippines (X tons), Mexico (X tons), Belgium (X tons), India (X tons), South Africa (X tons), Nigeria (X tons) and Thailand (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Nigeria (X%), South Africa (X%), the United States (X%), Belgium (X%), Mexico (X%), the Philippines (X%), Indonesia (X%), Turkey (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), the United States (X p.p.), India (X p.p.) and Nigeria (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Turkey (X p.p.), Malaysia (X p.p.), Thailand (X p.p.) and Vietnam (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ammonium sulphate worldwide, comprising X% of global imports. The second position in the ranking was held by the United States ($X), with a X% share of global imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average ammonium sulphate import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2022, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform