EU: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in the EU

In 2022, the EU ammonium sulphate market increased by 67% to $X, rising for the second year in a row after four years of decline. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% 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 +97.7% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in the EU

In value terms, ammonium sulphate production skyrocketed to $X in 2022 estimated in export price. The total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +103.0% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports in the EU

In 2022, the amount of ammonium sulphate exported in the European Union soared to X tons, jumping by 18% on the previous year's figure. Total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2015 indices. The growth pace was the most rapid in 2015 when exports increased by 29% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ammonium sulphate exports surged to $X in 2022. Overall, exports continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2021 when exports increased by 54% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Belgium (X tons) represented the key exporter of ammonium sulphate, achieving 47% of total exports. The Netherlands (X tons) ranks second in terms of the total exports with a 29% share, followed by Spain (6%). Finland (X tons), Germany (X tons), the Czech Republic (X tons) and Italy (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest ammonium sulphate supplier in the European Union, comprising 46% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports. It was followed by Germany, with a 9.9% share.

From 2012 to 2022, the average annual growth rate of value in Belgium stood at +3.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (-0.3% per year) and Germany (+5.4% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by 21% against the previous year. Overall, the export price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when the export price increased by 29% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the other leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports in the EU

In 2022, overseas purchases of ammonium sulphate increased by 66% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a buoyant 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. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Italy (X tons), Lithuania (X tons), Belgium (X tons), Hungary (X tons) and the Netherlands (X tons) were the largest importers of ammonium sulphate, together making up 73% of total imports. Poland (X tons), Greece (X tons), Romania (X tons), Spain (X tons), Latvia (X tons) and Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +29.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in the European Union were France ($X), Germany ($X) and Lithuania ($X), with a combined 42% share of total imports. Italy, Romania, Poland, Latvia, Greece, the Netherlands, Hungary, Belgium, Spain and Slovakia lagged somewhat behind, together comprising a further 46%.

Among the main importing countries, Romania, with a CAGR of +29.0%, recorded 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

The import price in the European Union stood at $X per ton in 2022, increasing by 33% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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