Asia-Pacific: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Asia-Pacific

The Asia-Pacific ammonium sulphate market fell to $X in 2022, shrinking by -5.1% against the previous year. In general, consumption recorded a perceptible descent. The growth pace was the most rapid in 2018 with an increase of 3.8%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ammonium Sulphate Production in Asia-Pacific

In value terms, ammonium sulphate production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 7.9%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in Asia-Pacific

In 2022, approx. X tons of ammonium sulphate were exported in Asia-Pacific; increasing by 14% on the year before. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 49%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ammonium sulphate exports skyrocketed to $X in 2022. Overall, exports showed a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of 113%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, finishing at X tons, which was near 92% of total exports in 2022. South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of +19.9% from 2012 to 2022. Taiwan (Chinese) (-1.4%), South Korea (-6.0%) and Japan (-6.9%) illustrated a downward trend over the same period. While the share of China (+38 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Taiwan (Chinese) (-6.2 p.p.), Japan (-14.4 p.p.) and South Korea (-15.2 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest ammonium sulphate supplier in Asia-Pacific, comprising 93% of total exports. The second position in the ranking was held by Japan ($X), with a 2.1% share of total exports. It was followed by South Korea, with a 2.1% share.

In China, ammonium sulphate exports expanded at an average annual rate of +21.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.7% per year) and South Korea (-7.1% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by 26% against the previous year. Overall, the export price posted slight growth. The most prominent rate of growth was recorded in 2021 an increase of 66% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Ammonium Sulphate Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of ammonium sulphate increased by 7.9% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +46.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 36%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, ammonium sulphate imports skyrocketed to $X in 2022. In general, imports recorded a notable increase. The pace of growth was the most pronounced in 2021 with an increase of 121%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) represented roughly 70% of total imports in 2022. India (X tons) took a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (6.1%) and South Korea (5.1%). Australia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +76.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in Asia-Pacific were Indonesia ($X), Vietnam ($X) and the Philippines ($X), with a combined 54% share of total imports. Malaysia, India, Thailand, Australia and South Korea lagged somewhat behind, together accounting for a further 33%.

India, with a CAGR of +74.2%, saw the highest rates of growth with regard to the value of imports, among 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 2022, the import price in Asia-Pacific amounted to $X per ton, increasing by 8.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 63% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Australia ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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