CIS: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in CIS

The CIS ammonium sulphate market expanded slightly to $X in 2023, surging by X% against the previous year. The total consumption indicated tangible growth 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ammonium Sulphate Production in CIS

In value terms, ammonium sulphate production soared to $X in 2023 estimated in export price. Overall, production enjoyed a modest expansion. The growth pace was the most rapid in 2021 with an increase of 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 CIS

In 2023, the amount of ammonium sulphate exported in the CIS soared to X tons, picking up by X% compared with the previous year's figure. Over the period under review, exports, however, saw a abrupt downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ammonium sulphate exports amounted to $X in 2023. In general, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the key exporter of ammonium sulphate in the CIS, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Belarus (X tons), constituting a X% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Russia stood at X%. Belarus (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belarus and Uzbekistan increased by X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest ammonium sulphate supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, showed a temperate increase. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2022, and then contracted dramatically 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 Uzbekistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports in CIS

After two years of decline, supplies from abroad of ammonium sulphate increased by X% to X tons in 2023. Overall, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a lower figure.

In value terms, ammonium sulphate imports declined to $X in 2023. Over the period under review, imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then reduced in the following year.

Imports by Country

Kazakhstan was the key importer of ammonium sulphate in the CIS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Moldova (X tons) held the second position in the ranking, followed by Belarus (X tons). All these countries together took near X% share of total imports. Azerbaijan (X tons), Russia (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

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

In value terms, the largest ammonium sulphate importing markets in the CIS were Moldova ($X), Kazakhstan ($X) and Belarus ($X), together comprising X% of total imports.

Among the main importing countries, Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in the CIS stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform