Eastern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Asia

The East Asian ammonium sulphate market rose rapidly to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Ammonium Sulphate Production in Eastern Asia

In value terms, ammonium sulphate production totaled $X in 2023 estimated in export price. The total production indicated a measured expansion 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 pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a lower figure.

Ammonium Sulphate Exports

Exports in Eastern Asia

In 2023, approx. X tons of ammonium sulphate were exported in Eastern Asia; with an increase of X% on 2022. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, ammonium sulphate exports dropped remarkably to $X in 2023. In general, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then shrank markedly in the following year.

Exports by Country

China prevails in exports structure, resulting at X tons, which was near 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. 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 ($X) remains the largest ammonium sulphate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($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

In 2023, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then reduced 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 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 Eastern Asia

In 2023, approx. X tons of ammonium sulphate were imported in Eastern Asia; dropping by X% on the previous year's figure. Over the period under review, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, ammonium sulphate imports plummeted to $X in 2023. In general, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Japan was the largest importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by South Korea (X tons), Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons), together making up a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, South Korea and Taiwan (Chinese) increased by X, X and X percentage points, respectively.

In value terms, Japan ($X) constitutes the largest market for imported ammonium sulphate in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Democratic People's Republic of Korea, with a X% share.

In Japan, ammonium sulphate imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Democratic People's Republic of Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price 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, ammonium sulphate import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform