India: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in India

The Indian ammonium sulphate market skyrocketed to $X in 2022, rising by 36% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +76.2% against 2018 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in India

In value terms, ammonium sulphate production expanded markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Ammonium Sulphate Exports

Exports from India

In 2022, approx. X tons of ammonium sulphate were exported from India; growing by 14% on 2021. Over the period under review, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 1,193% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ammonium sulphate exports skyrocketed to $X in 2022. Overall, exports recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 603%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Nepal (X tons), Bangladesh (X tons) and Malaysia (X tons) were the main destinations of ammonium sulphate exports from India, with a combined 84% share of total exports. The United Arab Emirates, Yemen and Saudi Arabia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +70.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), Nepal ($X) and Malaysia ($X) appeared to be the largest markets for ammonium sulphate exported from India worldwide, with a combined 80% share of total exports. The United Arab Emirates, Yemen and Saudi Arabia lagged somewhat behind, together comprising a further 15%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +76.4%, 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 average ammonium sulphate export price stood at $X per ton in 2022, increasing by 32% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 45% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Nepal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into India

Ammonium sulphate imports into India surged to X tons in 2022, picking up by 244% compared with the year before. In general, imports posted a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 6,688% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, ammonium sulphate imports soared to $X in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 3,651% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main ammonium sulphate supplier to India, accounting for a 94% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +76.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+306,816.8% per year) and South Korea (-78.2% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to India, comprising 94% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +74.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+157,628.0% per year) and South Korea (-76.2% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, surging by 50% against the previous year. Over the period under review, the import price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2021 an increase of 59% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :