Global Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size

In 2023, after two years of growth, there was significant decline in the global ammonium sulphate market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2022, and then fell in the following year.

Ammonium Sulphate Production

In value terms, ammonium sulphate production totaled $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a somewhat lower figure.

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Ammonium Sulphate Exports

Exports

In 2023, after six years of growth, there was significant decline in shipments abroad of ammonium sulphate, when their volume decreased by X% to X tons. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, ammonium sulphate exports declined significantly to $X in 2023. Over the period under review, exports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2022, and then reduced dramatically in the following year.

Exports by Country

China prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Belgium (X tons), constituting a X% share of total exports. The following exporters - the United States (X tons), the Netherlands (X tons), Canada (X tons), South Korea (X tons) and Russia (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of X% from 2012 to 2023. At the same time, Canada (X%) displayed positive paces of growth. By contrast, Belgium (X%), South Korea (X%), the Netherlands (X%), the United States (X%) and Russia (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while South Korea, the Netherlands, Russia, Belgium and the United States saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, ammonium sulphate exports 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: Belgium (X% per year) and Canada (X% per year).

Export Prices by Country

In 2023, the average ammonium sulphate export price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price showed a slight curtailment. The most prominent rate of growth was recorded in 2021 an increase of X%. The global export price peaked at $X per ton in 2022, and then fell rapidly in the following year.

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

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

Ammonium Sulphate Imports

Imports

After three years of growth, supplies from abroad of ammonium sulphate decreased by X% to X tons in 2023. Over the period under review, total imports indicated prominent growth from 2012 to 2023: its volume 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, imports increased by X% against 2016 indices. 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 declined significantly in the following year.

In value terms, ammonium sulphate imports declined remarkably to $X in 2023. In general, imports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

In 2023, Brazil (X tons) was the key importer of ammonium sulphate, generating X% of total imports. Vietnam (X tons) ranks second in terms of the total imports with a X% share, followed by the United States (X%), Indonesia (X%) and Malaysia (X%). The following importers - Turkey (X tons), the Philippines (X tons), Mexico (X tons), Belgium (X tons), India (X tons), South Africa (X tons), Thailand (X tons) and France (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate imports into Brazil stood at X%. At the same time, India (X%), South Africa (X%), the United States (X%), Belgium (X%), Mexico (X%), Indonesia (X%), the Philippines (X%), Turkey (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Vietnam experienced a relatively flat trend pattern. By contrast, Thailand (X%) and France (X%) illustrated a downward trend over the same period. Brazil (X p.p.), the United States (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while Turkey, Malaysia, Thailand, France and Vietnam saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ammonium sulphate worldwide, comprising X% of global imports. The second position in the ranking was taken by the United States ($X), with a X% share of global imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: the United States (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2023, with a decrease of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Global import price peaked at $X per ton in 2022, and then shrank notably in the following year.

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

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

Source: IndexBox Platform