MENA: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in MENA

In 2023, the MENA's ammonium sulphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption 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. Over the period under review, the market hit record highs at $X in 2022, and then shrank sharply in the following year.

Ammonium Sulphate Production in MENA

In value terms, ammonium sulphate production stood at $X in 2023 estimated in export price. The total production indicated buoyant growth 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 growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in MENA

Ammonium sulphate exports dropped dramatically to X tons in 2023, with a decrease of X% compared with 2022. Over the period under review, exports, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports fell rapidly to $X in 2023. Overall, exports showed a pronounced downturn. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Turkey represented the main exporter of ammonium sulphate in MENA, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. Egypt (X tons) took the second position in the ranking, distantly followed by the United Arab Emirates (X tons). All these countries together held near X% share of total exports. The following exporters - Saudi Arabia (X tons) and Jordan (X tons) - each resulted at a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Turkey stood at X%. At the same time, Egypt (X%), the United Arab Emirates (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Egypt and the United Arab Emirates increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Egypt ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Among the main exporting countries, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a noticeable shrinkage. The growth pace was the most rapid in 2022 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Jordan ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in MENA

In 2023, after two years of growth, there was significant decline in overseas purchases of ammonium sulphate, when their volume decreased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, ammonium sulphate imports shrank dramatically to $X in 2023. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then fell rapidly in the following year.

Imports by Country

Turkey prevails in imports structure, accounting for X tons, which was near X% of total imports in 2023. The following importers - Morocco (X tons), Algeria (X tons), Lebanon (X tons), Israel (X tons) and Egypt (X tons) - together made up X% of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of ammonium sulphate. At the same time, Algeria (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel experienced a relatively flat trend pattern. By contrast, Morocco (X%), Lebanon (X%) and Egypt (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Lebanon, Morocco and Egypt saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ammonium sulphate in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Lebanon (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Lebanon ($X per ton) and Egypt ($X per ton), while Morocco ($X per ton) and Algeria ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform