Argentina: Ammonium Sulphate Market 2023

Ammonium Sulphate Market Size in Argentina

After two years of decline, the Argentinian ammonium sulphate market increased by 37% to $X in 2021. Over the period under review, consumption enjoyed a strong increase. Ammonium sulphate consumption peaked in 2021 and is likely to see steady growth in years to come.

Ammonium Sulphate Exports

Exports from Argentina

In 2021, after eight years of decline, there was significant growth in shipments abroad of ammonium sulphate, when their volume increased by 31% to X tons. Overall, exports, however, saw a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ammonium sulphate exports declined remarkably to $X in 2021. Over the period under review, exports, however, showed a significant decrease. The smallest decline of -8.3% was in 2019. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Paraguay (X tons), Uruguay (X tons) and Chile (X tons) were the main destinations of ammonium sulphate exports from Argentina, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +10.8%), while the other leaders experienced a decline.

In value terms, the largest markets for ammonium sulphate exported from Argentina were Brazil ($X), Uruguay ($X) and Paraguay ($X), together accounting for 89% of total exports. Chile and Bolivia lagged somewhat behind, together comprising a further 11%.

In terms of the main countries of destination, Chile, with a CAGR of -2.1%, 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 a decline.

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2021, shrinking by -36% against the previous year. Overall, the export price, however, recorded a pronounced expansion. The pace of growth was the most pronounced in 2015 an increase of 80% against the previous year. The export price peaked at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Argentina

In 2021, purchases abroad of ammonium sulphate increased by 5.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 180%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ammonium sulphate imports skyrocketed to $X in 2021. In general, imports posted buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 148% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest ammonium sulphate supplier to Argentina, with a 77% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +46.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+5.9% per year) and Spain (-7.6% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Argentina, comprising 63% of total imports. The second position in the ranking was taken by Poland ($X), with a 31% share of total imports. It was followed by Spain, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +43.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+10.3% per year) and Spain (-8.4% per year).

Import Prices by Country

In 2021, the average ammonium sulphate import price amounted to $X per ton, jumping by 45% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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