ASEAN: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in ASEAN

The ASEAN ammonium sulphate market reduced to $X in 2023, falling by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Ammonium Sulphate Production in ASEAN

In value terms, ammonium sulphate production rose significantly to $X in 2023 estimated in export price. In general, production continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Ammonium Sulphate Exports

Exports in ASEAN

In 2023, ammonium sulphate exports in ASEAN reduced dramatically to X tons, declining by X% on the year before. Total exports indicated notable growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, ammonium sulphate exports plummeted to $X in 2023. Over the period under review, exports, however, continue to indicate a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2022, and then fell markedly in the following year.

Exports by Country

Thailand represented the largest exporter of ammonium sulphate in ASEAN, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together generating a X% share of total exports. Malaysia (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Thailand stood at X%. At the same time, Vietnam (X%) and Singapore (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Thailand, Vietnam and Singapore increased by X, X and X percentage points, respectively.

In value terms, Thailand ($X) remains the largest ammonium sulphate supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

In Thailand, ammonium sulphate exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Singapore (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, major exporting countries recorded the following prices: in Vietnam ($X per ton) and Thailand ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the export price figures.

Ammonium Sulphate Imports

Imports in ASEAN

In 2023, approx. X tons of ammonium sulphate were imported in ASEAN; growing by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, ammonium sulphate imports shrank markedly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, Vietnam (X tons), Indonesia (X tons), Malaysia (X tons) and the Philippines (X tons) was the major importer of ammonium sulphate in ASEAN, comprising X% of total import. It was distantly followed by Thailand (X tons), generating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Malaysia ($X), together comprising X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then reduced notably in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Indonesia ($X per ton) and Vietnam ($X per ton), while Malaysia ($X per ton) and the Philippines ($X per ton) were 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 leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform