Spain: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Spain

In 2023, the Spanish ammonium sulphate market increased by X% to $X, rising for the fourth year in a row after two years of decline. In general, consumption showed significant growth. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in Spain

In value terms, ammonium sulphate production contracted rapidly to $X in 2023 estimated in export price. Overall, production continues to indicate a slight downturn. The growth pace was the most rapid in 2022 with an increase of X%. As a result, production reached the peak level of $X, and then contracted rapidly in the following year.

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Ammonium Sulphate Exports

Exports from Spain

In 2023, exports of ammonium sulphate from Spain fell remarkably to X tons, dropping by X% compared with the previous year. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports declined sharply to $X in 2023. In general, exports saw a abrupt decrease. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

Italy (X tons), Morocco (X tons) and France (X tons) were the main destinations of ammonium sulphate exports from Spain, with a combined X% share of total exports. Portugal, Romania, the UK, Greece, Tunisia, Lebanon, Israel, Ghana, Germany and Chile lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Italy ($X) and Morocco ($X) appeared to be the largest markets for ammonium sulphate exported from Spain worldwide, together comprising X% of total exports. Portugal, Israel, the UK, Lebanon, Romania, Greece, Chile, Tunisia, Ghana and Germany lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the average ammonium sulphate export price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. The export price peaked at $X per ton in 2022, and then contracted significantly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Romania ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Spain

In 2023, approx. X tons of ammonium sulphate were imported into Spain; growing by X% on the previous year's figure. In general, imports posted a noticeable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports remained at a lower figure.

In value terms, ammonium sulphate imports rose sharply to $X in 2023. Overall, imports posted a measured increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, China (X tons) constituted the largest ammonium sulphate supplier to Spain, accounting for a X% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Spain, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and South Korea (X% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. Overall, the import price, however, posted a slight increase. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per ton in 2022, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform