Global Ammonium Sulphate Market 2023

Ammonium Sulphate Market Size

The global ammonium sulphate market surged to $X in 2022, rising by 19% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production

In value terms, ammonium sulphate production expanded remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports

In 2022, approx. X tons of ammonium sulphate were exported worldwide; growing by 16% against the year before. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 27%. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, ammonium sulphate exports surged to $X in 2022. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 89% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China was the key exporter of ammonium sulphate in the world, with the volume of exports finishing at X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Belgium (X tons) and the Netherlands (X tons), together generating a 19% share of total exports. The United States (X tons), Canada (X tons), South Korea (X tons), Russia (X tons) and Spain (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of +19.9% from 2012 to 2022. At the same time, the United States (+69.1%), Belgium (+14.3%), the Netherlands (+5.0%) and Canada (+3.2%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +69.1% from 2012-2022. Spain experienced a relatively flat trend pattern. By contrast, South Korea (-6.0%) and Russia (-9.5%) illustrated a downward trend over the same period. While the share of China (+36 p.p.), Belgium (+4.2 p.p.) and the United States (+2.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Spain (-2.4 p.p.), the Netherlands (-3.5 p.p.), South Korea (-6.1 p.p.) and Russia (-9.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ammonium sulphate supplier worldwide, comprising 62% of global exports. The second position in the ranking was taken by Belgium ($X), with a 9.4% share of global exports. It was followed by the United States, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +21.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (+3.2% per year) and the United States (+62.3% per year).

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, with an increase of 26% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 51% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.8%), while the other global leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports

In 2022, the amount of ammonium sulphate imported worldwide skyrocketed to X tons, growing by 29% compared with 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +111.7% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate imports surged to $X in 2022. Overall, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) represented the main importer of ammonium sulphate, generating 23% of total imports. Indonesia (X tons) ranks second in terms of the total imports with a 7.2% share, followed by Vietnam (5.5%) and France (5.3%). The following importers - Turkey (X tons), Malaysia (X tons), Germany (X tons), the Philippines (X tons), the UK (X tons), Mexico (X tons), Italy (X tons), Lithuania (X tons) and India (X tons) - together made up 24% of total imports.

Imports into Brazil increased at an average annual rate of +11.9% from 2012 to 2022. At the same time, India (+76.9%), Germany (+15.7%), Lithuania (+13.2%), Italy (+11.8%), France (+8.9%), the UK (+7.9%), Mexico (+7.0%), Indonesia (+6.6%), the Philippines (+3.9%) and Turkey (+3.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +76.9% from 2012-2022. Malaysia and Vietnam experienced a relatively flat trend pattern. Brazil (+7.3 p.p.), India (+1.8 p.p.) and Germany (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Turkey, Malaysia and Vietnam saw its share reduced by -1.9%, -3.8% and -5.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ammonium sulphate worldwide, comprising 29% of global imports. The second position in the ranking was held by Turkey ($X), with a 6.4% share of global imports. It was followed by Indonesia, with a 6.1% share.

In Brazil, ammonium sulphate imports expanded at an average annual rate of +14.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+10.7% per year) and Indonesia (+6.0% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, with an increase of 30% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. Global import price peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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