Italy: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Italy

The Italian ammonium sulphate market declined significantly to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, showed pronounced growth. As a result, consumption attained the peak level of $X, and then dropped notably in the following year.

Ammonium Sulphate Production in Italy

In value terms, ammonium sulphate production contracted rapidly to $X in 2023 estimated in export price. In general, production recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

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Ammonium Sulphate Exports

Exports from Italy

Ammonium sulphate exports from Italy shrank to X tons in 2023, waning by X% compared with the previous year's figure. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2022 to 2023, the growth of the exports failed to regain momentum.

In value terms, ammonium sulphate exports declined dramatically to $X in 2023. In general, exports, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2022, and then dropped notably in the following year.

Exports by Country

Egypt (X tons), Turkey (X tons) and Greece (X tons) were the main destinations of ammonium sulphate exports from Italy, with a combined X% share of total exports. Croatia, Spain, Hungary, France and Romania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Egypt ($X) and Greece ($X) constituted the largest markets for ammonium sulphate exported from Italy worldwide, together accounting for X% of total exports.

Croatia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average ammonium sulphate export price amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then contracted markedly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Italy

Ammonium sulphate imports into Italy shrank dramatically to X tons in 2023, waning by X% against the previous year. Over the period under review, imports, however, recorded a pronounced expansion. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, ammonium sulphate imports declined sharply to $X in 2023. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell notably in the following year.

Imports by Country

China (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of ammonium sulphate imports to Italy, with a combined X% share of total imports. South Korea, Egypt, Poland, Russia and Germany lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), Spain ($X) and South Korea ($X) were the largest ammonium sulphate suppliers to Italy, with a combined X% share of total imports.

In terms of the main suppliers, China, 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

In 2023, the average ammonium sulphate import price amounted to $X per ton, with an increase of X% against the previous year. In general, import price indicated a slight 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform