Global Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size

In 2023, the global ammonium sulphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, the total consumption indicated a tangible expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the global market hit record highs at $X in 2022, and then declined dramatically in the following year.

Ammonium Sulphate Production

In value terms, ammonium sulphate production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth failed to regain momentum.

Ammonium Sulphate Exports

Exports

In 2023, overseas shipments of ammonium sulphate decreased by X% to X tons for the first time since 2016, thus ending a six-year rising trend. Overall, total exports indicated a buoyant 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, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then shrank slightly in the following year.

In value terms, ammonium sulphate exports reduced dramatically to $X in 2023. In general, exports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. The global exports peaked at $X in 2022, and then dropped rapidly in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), generating a X% share of total exports. The following exporters - the United States (X tons), the Netherlands (X tons), Canada (X tons), South Korea (X tons) and Russia (X tons) - together made up X% 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, Belgium (X%) and Canada (X%) displayed positive paces of growth. By contrast, South Korea (X%), the United States (X%), the Netherlands (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Belgium (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of South Korea (X p.p.), Russia (X p.p.), the Netherlands (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 totaled 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

In 2023, the average ammonium sulphate export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price saw a pronounced downturn. The growth pace was 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 sharply 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

In 2023, after three years of growth, there was significant decline in supplies from abroad of ammonium sulphate, when their volume decreased by X% to X tons. Over the period under review, total imports indicated prominent growth 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 2019 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then fell significantly in the following year.

In value terms, ammonium sulphate imports contracted sharply to $X in 2023. Overall, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

Brazil represented the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Vietnam (X tons), the United States (X tons) and Indonesia (X tons), together achieving a X% share of total imports. Malaysia (X tons), Belgium (X tons), Turkey (X tons), the Philippines (X tons), Mexico (X tons), India (X tons), South Africa (X tons), Nigeria (X tons) and Thailand (X tons) took a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), Nigeria (X%), Belgium (X%), South Africa (X%), the United States (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. Brazil (X p.p.), Belgium (X p.p.), the United States (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while Turkey, Thailand, Malaysia and Vietnam saw its share reduced by X%, 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, 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.

In Brazil, ammonium sulphate imports expanded at an average annual rate of X% over the period from 2012-2023. 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, reducing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2022, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Nigeria ($X per ton), while Belgium ($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