Iran: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Iran

The Iranian ammonium sulphate market expanded rapidly to $X in 2022, with an increase of 11% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.0% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Ammonium Sulphate Production in Iran

In value terms, ammonium sulphate production totaled $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 219%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Iran

In 2022, overseas shipments of ammonium sulphate decreased by -24.9% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 7,488%. The exports peaked at X tons in 2021, and then dropped dramatically in the following year.

In value terms, ammonium sulphate exports declined remarkably to $X in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 10,788%. The exports peaked at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Turkey (X tons) was the main destination for ammonium sulphate exports from Iran, accounting for a 87% share of total exports. Moreover, ammonium sulphate exports to Turkey exceeded the volume sent to the second major destination, Ukraine (X tons), sevenfold. The third position in this ranking was taken by Armenia (X tons), with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled -33.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Armenia (-2.3% per year).

In value terms, Turkey ($X) remains the key foreign market for ammonium sulphate exports from Iran, comprising 87% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 13% share of total exports. It was followed by Armenia, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey amounted to -34.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and Armenia (-4.0% per year).

Export Prices by Country

In 2022, the average ammonium sulphate export price amounted to $X per ton, remaining stable against the previous year. Overall, the export price showed a noticeable decrease. The most prominent rate of growth was recorded in 2018 when the average export price increased by 99%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Pakistan ($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 Turkey (-1.1%), while the prices for the other major destinations experienced a decline.

Ammonium Sulphate Imports

Imports into Iran

After four years of decline, overseas purchases of ammonium sulphate increased by 114% to X tons in 2022. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, ammonium sulphate imports soared to $X in 2022. Overall, imports, however, recorded a abrupt shrinkage. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X tons) constituted the largest supplier of ammonium sulphate to Iran, accounting for a 64% share of total imports. Moreover, ammonium sulphate imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Uzbekistan totaled -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.1% per year) and Azerbaijan (-9.2% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of ammonium sulphate to Iran, comprising 67% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Uzbekistan amounted to -10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+11.5% per year) and Azerbaijan (-13.6% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, with a decrease of -21.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 39%. As a result, import price attained the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while the price for Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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