Greece: Ammonium Sulphate Market 2023

Ammonium Sulphate Market Size in Greece

The Greek ammonium sulphate market surged to $X in 2022, with an increase of 159% against the previous year. Overall, consumption recorded strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in Greece

In value terms, ammonium sulphate production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2021 when the production volume increased by 26%. Ammonium sulphate production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Greece

In 2022, approx. X tons of ammonium sulphate were exported from Greece; with an increase of 97% compared with the previous year's figure. In general, exports showed a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 493% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, ammonium sulphate exports surged to $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 314%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Albania (X tons), Cyprus (X tons) and India (X tons) were the main destinations of ammonium sulphate exports from Greece, with a combined 59% share of total exports. Argentina, Peru, Jordan, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +500.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ammonium sulphate exported from Greece were Cyprus ($X), India ($X) and Albania ($X), together comprising 57% of total exports. Peru, Jordan, Argentina, Bulgaria and North Macedonia lagged somewhat behind, together accounting for a further 36%.

In terms of the main countries of destination, Peru, with a CAGR of +650.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, picking up by 44% against the previous year. Overall, the export price posted a modest increase. The growth pace was the most rapid in 2020 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Greece

In 2022, ammonium sulphate imports into Greece skyrocketed to X tons, increasing by 121% compared with 2021 figures. Over the period under review, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate imports skyrocketed to $X in 2022. In general, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Egypt (X tons), China (X tons) and Spain (X tons) were the main suppliers of ammonium sulphate imports to Greece, together accounting for 83% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +48.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate suppliers to Greece were China ($X), Egypt ($X) and France ($X), with a combined 80% share of total imports.

China, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, growing by 35% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate import price increased by +92.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average import price increased by 43% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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