Eastern Europe: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Europe

The East European ammonium sulphate market skyrocketed to $X in 2022, jumping by 39% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.2% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in Eastern Europe

In value terms, ammonium sulphate production soared to $X in 2022 estimated in export price. In general, production, however, showed a mild expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports in Eastern Europe

In 2022, shipments abroad of ammonium sulphate increased by 18% to X tons, rising for the second year in a row after eight years of decline. Over the period under review, exports, however, showed a abrupt shrinkage. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports soared to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia represented the major exporter of ammonium sulphate in Eastern Europe, with the volume of exports reaching X tons, which was near 41% of total exports in 2022. The Czech Republic (X tons) held the second position in the ranking, followed by Belarus (X tons), Lithuania (X tons), Poland (X tons) and Slovakia (X tons). All these countries together took approx. 54% share of total exports. Romania (X tons) held a relatively small share of total exports.

Exports from Russia decreased at an average annual rate of -9.5% from 2012 to 2022. At the same time, Romania (+68.5%), Slovakia (+50.6%), Lithuania (+17.9%) and the Czech Republic (+1.1%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +68.5% from 2012-2022. By contrast, Belarus (-1.6%) and Poland (-17.1%) illustrated a downward trend over the same period. The Czech Republic (+12 p.p.), Belarus (+7.9 p.p.), Lithuania (+7.4 p.p.), Slovakia (+4.7 p.p.) and Romania (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while Russia and Poland saw its share reduced by -8.1% and -11.2% from 2012 to 2022, respectively.

In value terms, the largest ammonium sulphate supplying countries in Eastern Europe were Russia ($X), the Czech Republic ($X) and Belarus ($X), with a combined 61% share of total exports. Poland, Lithuania, Romania and Slovakia lagged somewhat behind, together comprising a further 36%.

In terms of the main exporting countries, Romania, with a CAGR of +73.8%, recorded the highest growth rate of 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 export price in Eastern Europe stood at $X per ton in 2022, with an increase of 9.7% against the previous year. Export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate export price increased by +61.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by 47% against the previous year. The level of export peaked in 2022 and is expected to retain 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 Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.8%), while the other leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports in Eastern Europe

In 2022, imports of ammonium sulphate in Eastern Europe skyrocketed to X tons, increasing by 76% against the year before. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate imports skyrocketed to $X in 2022. In general, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Lithuania (X tons) and Hungary (X tons) were the key importers of ammonium sulphate in 2022, accounting for approx. 24% and 19% of total imports, respectively. Poland (X tons) ranks next in terms of the total imports with a 13% share, followed by Romania (10%), Ukraine (8.8%), Latvia (8.4%) and Slovakia (7.7%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hungary (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in Eastern Europe were Lithuania ($X), Romania ($X) and Poland ($X), together comprising 52% of total imports.

Among the main importing countries, Romania, with a CAGR of +29.0%, saw the highest rates of growth with regard to the value of imports, 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 Europe amounted to $X per ton, with an increase of 31% against the previous year. Import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% 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 +78.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 36% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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