Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Asia

The Asian ammonium sulphate market fell significantly to $X in 2023, shrinking by X% against the previous year. Over the period under review, consumption showed a mild setback. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Ammonium Sulphate Production in Asia

In value terms, ammonium sulphate production expanded notably to $X in 2023 estimated in export price. The total production indicated a notable 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ammonium Sulphate Exports

Exports in Asia

In 2023, the amount of ammonium sulphate exported in Asia rose modestly to X tons, growing by X% against the year before. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum in 2023 and are expected to retain growth in years to come.

In value terms, ammonium sulphate exports shrank rapidly to $X in 2023. In general, exports recorded prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then fell dramatically in the following year.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The following exporters - South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (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. Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Japan and South Korea saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest ammonium sulphate supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2022, and then fell notably 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 South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in Asia

In 2023, after two years of growth, there was significant decline in purchases abroad of ammonium sulphate, when their volume decreased by X% to X tons. 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 in certain years. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then fell sharply in the following year.

In value terms, ammonium sulphate imports shrank sharply to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank notably in the following year.

Imports by Country

Vietnam (X tons), Indonesia (X tons), Malaysia (X tons), Turkey (X tons) and the Philippines (X tons) represented roughly X% of total imports in 2023. India (X tons) held the next position in the ranking, followed by Thailand (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in Asia were Vietnam ($X), Indonesia ($X) and Turkey ($X), together comprising X% of total imports. Malaysia, the Philippines, India and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, India, with a CAGR of X%, saw the highest growth rate of 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 Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2022, and then contracted dramatically 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 more modest paces of growth.

Source: IndexBox Platform