Chile: Ammonium Sulphate Market 2023

Ammonium Sulphate Market Size in Chile

In 2021, after two years of decline, there was significant growth in the Chilean ammonium sulphate market, when its value increased by 153% to $X. In general, consumption continues to indicate a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports from Chile

In 2021, overseas shipments of ammonium sulphate decreased by -81.1% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 337%. Over the period under review, the exports reached the maximum at X tons in 2020, and then declined significantly in the following year.

In value terms, ammonium sulphate exports dropped notably to $X in 2021. Over the period under review, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 with an increase of 380%. The exports peaked at $X in 2020, and then fell rapidly in the following year.

Exports by Country

Peru (X tons) was the main destination for ammonium sulphate exports from Chile, with a 76% share of total exports. Moreover, ammonium sulphate exports to Peru exceeded the volume sent to the second major destination, Uruguay (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +191.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+37.7% per year) and Ecuador (-99.9% per year).

In value terms, Peru ($X) emerged as the key foreign market for ammonium sulphate exports from Chile, comprising 71% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru totaled +108.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (+39.7% per year) and Ecuador (-99.1% per year).

Export Prices by Country

In 2021, the average ammonium sulphate export price amounted to $X per ton, surging by 22% against the previous year. In general, the export price showed strong growth. The growth pace was the most rapid in 2015 when the average export price increased by 56%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ecuador ($X per ton), while the average price for exports to Peru ($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 Ecuador (+1,087.4%), while the prices for the other major destinations experienced mixed trend patterns.

Ammonium Sulphate Imports

Imports into Chile

In 2021, after two years of decline, there was significant growth in purchases abroad of ammonium sulphate, when their volume increased by 107% to X tons. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 160%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, ammonium sulphate imports surged to $X in 2021. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest ammonium sulphate supplier to Chile, with a 84% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +47.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.0% per year) and Mexico (+14.0% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Chile, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Mexico, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +39.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.1% per year) and Mexico (+23.0% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2021, picking up by 49% against the previous year. Overall, the import price, however, showed a noticeable contraction. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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