Greece: Ammonium Sulphate Market 2023

Ammonium Sulphate Market Size in Greece

The Greek ammonium sulphate market rose remarkably to $X in 2021, increasing by 5.3% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Ammonium Sulphate Production in Greece

In value terms, ammonium sulphate production soared to $X in 2021 estimated in export price. Over the period under review, production saw a deep contraction. Ammonium sulphate production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Greece

Ammonium sulphate exports from Greece soared to X tons in 2021, increasing by 57% compared with 2020. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 493%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ammonium sulphate exports skyrocketed to $X in 2021. Overall, exports saw a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of 314% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cyprus (X tons) was the main destination for ammonium sulphate exports from Greece, with a 43% share of total exports. Moreover, ammonium sulphate exports to Cyprus exceeded the volume sent to the second major destination, Albania (X tons), threefold. Lebanon (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cyprus totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Albania (+25.1% per year) and Lebanon (0.0% per year).

In value terms, Cyprus ($X) remains the key foreign market for ammonium sulphate exports from Greece, comprising 42% of total exports. The second position in the ranking was taken by Lebanon ($X), with a 17% share of total exports. It was followed by Albania, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus stood at +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (0.0% per year) and Albania (+26.0% per year).

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2021, jumping by 24% against the previous year. Over the period under review, the export price, however, recorded a noticeable setback. The pace of growth was the most pronounced in 2020 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Lebanon ($X per ton), while the average price for exports to Albania ($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 Albania (+0.7%), while the prices for the other major destinations experienced a decline.

Ammonium Sulphate Imports

Imports into Greece

In 2021, ammonium sulphate imports into Greece contracted rapidly to X tons, which is down by -15.2% against the previous year. In general, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +5.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 57%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ammonium sulphate imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by 38% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest ammonium sulphate supplier to Greece, with a 38% share of total imports. Moreover, ammonium sulphate imports from Egypt exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Egypt amounted to +33.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+57.0% per year) and Germany (+18.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of ammonium sulphate to Greece, comprising 40% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Egypt totaled +31.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+49.0% per year) and Germany (+12.1% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2021, increasing by 43% against the previous year. In general, the import price, however, recorded a mild decrease. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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