Eastern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Asia

In 2022, the East Asian ammonium sulphate market decreased by -15.8% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 5.8% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ammonium Sulphate Production in Eastern Asia

In value terms, ammonium sulphate production stood at $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 11%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports in Eastern Asia

In 2022, exports of ammonium sulphate in Eastern Asia expanded significantly to X tons, picking up by 15% against the previous year's figure. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 51%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ammonium sulphate exports soared to $X in 2022. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 114% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. 93% of total exports in 2022. South Korea (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

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. From 2012 to 2022, the share of China increased by +37 percentage points.

In value terms, China ($X) remains the largest ammonium sulphate supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by Japan ($X), with a 2.2% share of total exports. It was followed by South Korea, with a 2.2% share.

In China, ammonium sulphate exports expanded at an average annual rate of +21.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-5.7% per year) and South Korea (-7.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by 26% against the previous year. In general, the export price posted a slight expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by 67%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: 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 Eastern Asia

In 2022, approx. X tons of ammonium sulphate were imported in Eastern Asia; surging by 554% compared with the previous year. Overall, imports showed a tangible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate imports soared to $X in 2022. Over the period under review, imports, however, recorded a pronounced decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the key importer of ammonium sulphate in Eastern Asia, with the volume of imports amounting to X tons, which was approx. 79% of total imports in 2022. Japan (X tons) ranks second in terms of the total imports with a 16% share, followed by Taiwan (Chinese) (4.6%).

Imports into South Korea increased at an average annual rate of +62.0% from 2012 to 2022. At the same time, Taiwan (Chinese) (+71.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +71.9% from 2012-2022. Japan experienced a relatively flat trend pattern. South Korea (+78 p.p.) and Taiwan (Chinese) (+4.5 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -7.4% from 2012 to 2022, respectively.

In value terms, Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 97% of total imports.

Taiwan (Chinese), with a CAGR of +43.8%, 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 2022, the import price in Eastern Asia amounted to $X per ton, with a decrease of -45.6% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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