Eastern Europe: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Europe

In 2023, after two years of growth, there was significant decline in the East European ammonium sulphate market, when its value decreased by X% to $X. Overall, consumption, however, recorded a notable increase. As a result, consumption reached the peak level of $X, and then contracted markedly in the following year.

Ammonium Sulphate Production in Eastern Europe

In value terms, ammonium sulphate production dropped slightly to $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2022, and then shrank modestly in the following year.

Ammonium Sulphate Exports

Exports in Eastern Europe

In 2023, the amount of ammonium sulphate exported in Eastern Europe contracted to X tons, falling by X% against 2022. In general, exports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, ammonium sulphate exports shrank to $X in 2023. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Russia represented the main exporting country with an export of around X tons, which amounted to X% of total exports. Belarus (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%), Poland (X%) and Lithuania (X%). The following exporters - Latvia (X tons) and Romania (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Russia stood at X%. At the same time, Romania (X%), Latvia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%), the Czech Republic (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Lithuania (X p.p.), Latvia (X p.p.), Belarus (X p.p.) and Romania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest ammonium sulphate supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Russia, ammonium sulphate exports declined by 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: Belarus (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then declined 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 Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in Eastern Europe

After two years of growth, overseas purchases of ammonium sulphate decreased by X% to X tons in 2023. In general, imports, however, enjoyed a resilient increase. The growth pace was the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then declined remarkably in the following year.

In value terms, ammonium sulphate imports reduced rapidly to $X in 2023. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced remarkably in the following year.

Imports by Country

Ukraine (X tons) and Lithuania (X tons) represented roughly X% of total imports in 2023. Latvia (X tons) ranks next in terms of the total imports with an X% share, followed by Poland (X%), Romania (X%), Hungary (X%) and Slovakia (X%).

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

In value terms, Ukraine ($X), Lithuania ($X) and Latvia ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Among the main importing countries, Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price posted a notable expansion. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ukraine ($X per ton) and Poland ($X per ton), while Hungary ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform