Southern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Southern Asia

The South Asian ammonium sulphate market declined to $X in 2023, which is down by X% against the previous year. The total consumption indicated a pronounced increase 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, consumption increased by X% against 2018 indices. As a result, consumption attained the peak level of $X, and then fell in the following year.

Ammonium Sulphate Production in Southern Asia

In value terms, ammonium sulphate production fell modestly to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2023, production growth remained at a lower figure.

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Ammonium Sulphate Exports

Exports in Southern Asia

In 2023, exports of ammonium sulphate in Southern Asia fell markedly to X tons, waning by X% against the year before. Over the period under review, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, ammonium sulphate exports reduced rapidly to $X in 2023. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of ammonium sulphate, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ammonium sulphate supplier in Southern Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, dropping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Ammonium Sulphate Imports

Imports in Southern Asia

In 2023, the amount of ammonium sulphate imported in Southern Asia contracted to X tons, which is down by X% against 2022. Overall, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, ammonium sulphate imports reduced markedly to $X in 2023. In general, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2023, India (X tons) was the major importer of ammonium sulphate, making up X% of total imports. Sri Lanka (X tons) took the second position in the ranking, followed by Pakistan (X tons). All these countries together took near X% share of total imports. Bangladesh (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the ammonium sulphate imports, with a CAGR of X% from 2012 to 2023. At the same time, Pakistan (X%) and Bangladesh (X%) displayed positive paces of growth. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported ammonium sulphate in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

In India, ammonium sulphate imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, which is down by X% against the previous year. In general, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then fell dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform