EU: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in the EU

In 2023, after two years of growth, there was significant decline in the EU ammonium sulphate market, when its value decreased by X% to $X. Overall, consumption, however, saw a noticeable expansion. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Ammonium Sulphate Production in the EU

In value terms, ammonium sulphate production declined dramatically to $X in 2023 estimated in export price. The total production indicated modest 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, production increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then declined significantly in the following year.

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Ammonium Sulphate Exports

Exports in the EU

In 2023, shipments abroad of ammonium sulphate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then plummeted in the following year.

In value terms, ammonium sulphate exports declined dramatically to $X in 2023. Over the period under review, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

Belgium represented the main exporter of ammonium sulphate in the European Union, with the volume of exports recording X tons, which was near X% of total exports in 2023. It was distantly followed by the Netherlands (X tons), Germany (X tons) and Spain (X tons), together making up a X% share of total exports. Finland (X tons), Italy (X tons), the Czech Republic (X tons) and Poland (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 Belgium stood at X%. At the same time, Italy (X%) and Finland (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%), the Netherlands (X%), Spain (X%), the Czech Republic (X%) and Poland (X%) illustrated a downward trend over the same period. Belgium (X p.p.), Italy (X p.p.) and Finland (X p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic, Spain, the Netherlands and Poland saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest ammonium sulphate supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with an X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Belgium was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Export price indicated a mild expansion 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 export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in the EU

After three years of growth, purchases abroad of ammonium sulphate decreased by X% to X tons in 2023. Overall, imports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then plummeted in the following year.

In value terms, ammonium sulphate imports shrank dramatically to $X in 2023. In general, imports, however, recorded a moderate expansion. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2023, Belgium (X tons), France (X tons), Italy (X tons), Lithuania (X tons), Germany (X tons), the Netherlands (X tons), Spain (X tons), Latvia (X tons), Poland (X tons), Greece (X tons), Romania (X tons) and Hungary (X tons) represented the main importer of ammonium sulphate in the European Union, mixing up X% of total import.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in the European Union were Belgium ($X), France ($X) and Lithuania ($X), together comprising X% of total imports. Italy, Germany, Spain, the Netherlands, Poland, Latvia, Romania, Greece and Hungary lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Import price indicated a slight expansion from 2012 to 2023: its price 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, 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%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Lithuania ($X per ton), while the Netherlands ($X per ton) and Hungary ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform