Belgium: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Belgium

In 2022, after two years of decline, there was significant growth in the Belgian ammonium sulphate market, when its value increased by 8.5% to $X. In general, consumption continues to indicate a pronounced decline. Ammonium sulphate consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ammonium Sulphate Production in Belgium

In value terms, ammonium sulphate production surged to $X in 2022 estimated in export price. In general, production posted resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in overseas shipments of ammonium sulphate, which increased by 5.6% to X tons in 2022. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2015 when exports increased by 134% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, ammonium sulphate exports soared to $X in 2022. Overall, exports saw a perceptible expansion. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for ammonium sulphate exports from Belgium, accounting for a 41% share of total exports. Moreover, ammonium sulphate exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +114.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+38.5% per year) and Germany (+28.0% per year).

In value terms, the largest markets for ammonium sulphate exported from Belgium were the United States ($X), Norway ($X) and Germany ($X), with a combined 38% share of total exports. Mexico, France, the Netherlands, Brazil, Turkey, Latvia, the UK and Spain lagged somewhat behind, together comprising a further 48%.

In terms of the main countries of destination, Latvia, with a CAGR of +118.7%, 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

The average ammonium sulphate export price stood at $X per ton in 2022, increasing by 21% against the previous year. Overall, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2013 when the average export price increased by 65%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+25.2%), while the prices for the other major destinations experienced a decline.

Ammonium Sulphate Imports

Imports into Belgium

In 2022, purchases abroad of ammonium sulphate decreased by -63.9% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,463% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then shrank sharply in the following year.

In value terms, ammonium sulphate imports shrank sharply to $X in 2022. Over the period under review, imports, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 881% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell notably in the following year.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of ammonium sulphate to Belgium, with a 66% share of total imports. Moreover, ammonium sulphate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.1% per year) and China (+58.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of ammonium sulphate to Belgium, comprising 50% of total imports. The second position in the ranking was taken by Egypt ($X), with a 13% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (0.0% per year) and China (+32.5% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, growing by 27% against the previous year. In general, the import price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 38%. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+71.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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