Europe: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Europe

The Europe ammonium sulphate market soared to $X in 2022, surging by 49% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +73.1% 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 Europe

In value terms, ammonium sulphate production soared to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value 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, production increased by +74.9% against 2018 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Exports

Exports in Europe

For the sixth consecutive year, Europe recorded growth in shipments abroad of ammonium sulphate, which increased by 16% to X tons in 2022. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when exports increased by 18%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ammonium sulphate exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Belgium (X tons) was the key exporter of ammonium sulphate, creating 42% of total exports. The Netherlands (X tons) took a 26% share (based on physical terms) of total exports, which put it in second place, followed by Russia (6%) and Spain (5.4%). Finland (X tons), Germany (X tons), the Czech Republic (X tons), Belarus (X tons) and Italy (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +16.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the largest ammonium sulphate supplier in Europe, comprising 41% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total exports. It was followed by Germany, with an 8.9% share.

In Belgium, ammonium sulphate exports expanded at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (-0.3% per year) and Germany (+5.4% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, with an increase of 17% against the previous year. Overall, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 an increase of 31%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 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 Europe

For the fourth consecutive year, Europe recorded growth in supplies from abroad of ammonium sulphate, which increased by 56% to X tons in 2022. Overall, imports showed a remarkable increase. As a result, imports reached 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 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, France (X tons), distantly followed by Germany (X tons), the UK (X tons), Italy (X tons), Lithuania (X tons), Belgium (X tons), Hungary (X tons) and the Netherlands (X tons) were the major importers of ammonium sulphate, together generating 69% of total imports. The following importers - Poland (X tons), Norway (X tons), Greece (X tons), Romania (X tons) and Ukraine (X tons) - together made up 15% of total imports.

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 Europe were France ($X), Germany ($X) and the UK ($X), together accounting for 35% of total imports. Lithuania, Italy, Romania, Poland, Greece, the Netherlands, Hungary, Belgium, Ukraine and Norway lagged somewhat behind, together accounting for a further 43%.

Romania, with a CAGR of +29.0%, saw the highest growth rate of 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

The import price in Europe stood at $X per ton in 2022, picking up by 30% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform