EU: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in the EU

After two years of growth, the EU ammonium sulphate market decreased by X% to $X in 2023. The total consumption indicated a notable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced markedly in the following year.

Ammonium Sulphate Production in the EU

In value terms, ammonium sulphate production reduced sharply to $X in 2023 estimated in export price. The total production indicated a mild 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, production increased by X% against 2018 indices. The pace of growth was the most pronounced in 2022 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then dropped rapidly in the following year.

Ammonium Sulphate Exports

Exports in the EU

After two years of growth, overseas shipments of ammonium sulphate decreased by X% to X tons in 2023. Overall, exports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then declined dramatically in the following year.

In value terms, ammonium sulphate exports shrank remarkably to $X in 2023. In general, exports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.

Exports by Country

In 2023, Belgium (X tons) represented the major exporter of ammonium sulphate, mixing up X% of total exports. The Netherlands (X tons) took the second position in the ranking, distantly followed by Germany (X tons) and Spain (X tons). All these countries together held approx. X% share of total exports. The following exporters - Finland (X tons), Italy (X tons) and the Czech Republic (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Belgium stood at X%. At the same time, Italy (X%) and Finland (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%), the Netherlands (X%), Spain (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belgium, Italy and Finland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest ammonium sulphate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In Belgium, ammonium sulphate exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Germany (X% per year).

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Export price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium sulphate export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in the EU

In 2023, supplies from abroad of ammonium sulphate decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined remarkably in the following year.

In value terms, ammonium sulphate imports declined significantly to $X in 2023. Overall, imports, however, posted pronounced growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank significantly in the following year.

Imports by Country

Belgium (X tons), France (X tons), Italy (X tons), Lithuania (X tons), Germany (X tons), the Netherlands (X tons), Spain (X tons), Latvia (X tons), Poland (X tons), Romania (X tons), Greece (X tons) and Hungary (X tons) represented roughly X% of total imports in 2023.

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

In value terms, Belgium ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports. Italy, Lithuania, the Netherlands, Spain, Latvia, Poland, Romania, Greece and Hungary lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, with an increase of X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price 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, ammonium sulphate import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Poland ($X per ton), while Hungary ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform