Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Asia

The Asian ammonium sulphate market fell to $X in 2023, waning by X% against the previous year. Over the period under review, consumption showed a mild slump. 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 reached $X in 2023 estimated in export price. The total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. 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 pace of growth was the most pronounced 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, production growth remained at a somewhat lower figure.

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Ammonium Sulphate Exports

Exports in Asia

For the seventh consecutive year, Asia recorded growth in overseas shipments of ammonium sulphate, which increased by X% to X tons in 2023. In general, exports continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, ammonium sulphate exports fell dramatically to $X in 2023. Overall, exports posted resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

China dominates exports structure, recording X tons, which was approx. X% of total exports in 2023. South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) took a relatively small share 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. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Taiwan (Chinese) (X p.p.), Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

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.

In China, ammonium sulphate exports increased at an average annual rate of X% over the period from 2012-2023. 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, which is down by X% against the previous year. Over the period under review, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then shrank 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 supplies from 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% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then dropped significantly in the following year.

In value terms, ammonium sulphate imports contracted significantly to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

The countries with the highest levels of ammonium sulphate imports in 2023 were Vietnam (X tons), Indonesia (X tons), Malaysia (X tons), Turkey (X tons) and the Philippines (X tons), together accounting for X% of total import. India (X tons) ranks next in terms of the total imports with a X% share, followed by Thailand (X%).

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

In value terms, Vietnam ($X), Indonesia ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Malaysia, the Philippines, India and Thailand lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, reducing by X% against the previous year. In general, the import price saw a slight descent. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2022, and then fell 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 mixed trends in the import price figures.

Source: IndexBox Platform