Brazil: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Brazil

The Brazilian ammonium sulphate market soared to $X in 2022, jumping by 94% against the previous year. In general, consumption enjoyed a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in Brazil

In value terms, ammonium sulphate production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep downturn. The growth pace was the most rapid in 2014 when the production volume increased by 27% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Brazil

In 2022, overseas shipments of ammonium sulphate increased by 118% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 252% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, ammonium sulphate exports soared to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 206% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Paraguay (X tons) was the main destination for ammonium sulphate exports from Brazil, with a 97% share of total exports. It was followed by the United States (X tons), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to +23.6%.

In value terms, Paraguay ($X) remains the key foreign market for ammonium sulphate exports from Brazil, comprising 94% of total exports. The second position in the ranking was held by the United States ($X), with a 0.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +23.7%.

Export Prices by Country

In 2022, the average ammonium sulphate export price amounted to $X per ton, rising by 18% against the previous year. Over the period under review, 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 29% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%).

Ammonium Sulphate Imports

Imports into Brazil

For the fifth year in a row, Brazil recorded growth in purchases abroad of ammonium sulphate, which increased by 42% to X tons in 2022. In general, imports showed a prominent increase. As a result, imports attained 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 posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of ammonium sulphate to Brazil, with a 91% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +61.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-5.6% per year) and the United States (-11.4% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Brazil, comprising 92% of total imports. The second position in the ranking was held by Belgium ($X), with a 2.8% share of total imports. It was followed by the United States, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.1% per year) and the United States (-10.9% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, growing by 59% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate import price increased by +104.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Russia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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