Greece: Ammonium Chloride Market 2024

Ammonium Chloride Market Size in Greece

The Greek ammonium chloride market dropped remarkably to $X in 2021, with a decrease of -26.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ammonium Chloride Exports

Exports from Greece

In 2021, after five years of growth, there was significant decline in overseas shipments of ammonium chloride, when their volume decreased by -51.4% to X tons. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2019 when exports increased by 89% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ammonium chloride exports dropped markedly to $X in 2021. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 122% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), North Macedonia (X tons) and Bulgaria (X kg) were the main destinations of ammonium chloride exports from Greece, together comprising 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of -0.3%), while shipments for the other leaders experienced a decline.

In value terms, Romania ($X), North Macedonia ($X) and Bulgaria ($X) were the largest markets for ammonium chloride exported from Greece worldwide, together comprising 99% of total exports.

Romania, with a CAGR of -1.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average ammonium chloride export price amounted to $X per ton, falling by -12.1% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 75%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Bulgaria ($X per ton) and North Macedonia ($X per ton), while the average price for exports to Romania ($X per ton) and Albania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Ammonium Chloride Imports

Imports into Greece

In 2021, approx. X tons of ammonium chloride were imported into Greece; waning by -33.3% against the previous year. Overall, imports, however, saw a modest expansion. The growth pace was the most rapid in 2020 with an increase of 1,204% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ammonium chloride imports declined notably to $X in 2021. Over the period under review, imports, however, posted notable growth. The growth pace was the most rapid in 2020 when imports increased by 924% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ammonium chloride to Greece, with a 90% share of total imports. Moreover, ammonium chloride imports from Germany exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold. Cyprus (X tons) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+249.8% per year) and Cyprus (+17.5% per year).

In value terms, Germany ($X) constituted the largest supplier of ammonium chloride to Greece, comprising 74% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 9.4% share of total imports. It was followed by Cyprus, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+341.6% per year) and Cyprus (+85.8% per year).

Import Prices by Country

The average ammonium chloride import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Cyprus ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cyprus (+58.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :