
Myanmar - Ammonium Sulphate - Market Analysis, Forecast, Size, Trends and Insights
Myanmar: Ammonium Sulphate Market 2023
Ammonium Sulphate Market Size in Myanmar
The Myanmar's ammonium sulphate market expanded significantly to $X in 2021, with an increase of 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a significant expansion. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.
Ammonium Sulphate Imports
Imports into Myanmar
Ammonium sulphate imports into Myanmar shrank to X tons in 2021, dropping by -11% on the year before. In general, imports, however, posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 931% against the previous year. Imports peaked at X tons in 2020, and then reduced in the following year.
In value terms, ammonium sulphate imports skyrocketed to $X in 2021. Overall, imports, however, recorded significant growth. The growth pace was the most rapid in 2014 with an increase of 770%. Imports peaked in 2021 and are likely to see steady growth in years to come.
Imports by Country
In 2021, China (X tons) was the main ammonium sulphate supplier to Myanmar, accounting for a 96% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +56.5%.
In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Myanmar, comprising 94% of total imports. The second position in the ranking was held by Thailand ($X), with a 5.8% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +54.1%.
Import Prices by Country
In 2021, the average ammonium sulphate import price amounted to $X per ton, increasing by 45% against the previous year. Over the period under review, the import price, however, saw a mild decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while the price for China stood at $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-0.1%).
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the ammonium sulphate market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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