Italy: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Italy

The Italian ammonium sulphate market soared to $X in 2022, with an increase of 71% against the previous year. Over the period under review, consumption recorded strong growth. Ammonium sulphate consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ammonium Sulphate Production in Italy

In value terms, ammonium sulphate production surged to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 297% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Italy

In 2022, overseas shipments of ammonium sulphate increased by 26% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, ammonium sulphate exports soared to $X in 2022. Over the period under review, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 164%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Croatia (X tons) was the main destination for ammonium sulphate exports from Italy, with a 48% share of total exports. Moreover, ammonium sulphate exports to Croatia exceeded the volume sent to the second major destination, Greece (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia stood at +88.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+48.8% per year) and Spain (+55.3% per year).

In value terms, Croatia ($X) remains the key foreign market for ammonium sulphate exports from Italy, comprising 37% of total exports. The second position in the ranking was held by Greece ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to +76.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+32.7% per year) and the Netherlands (0.0% per year).

Export Prices by Country

In 2022, the average ammonium sulphate export price amounted to $X per ton, increasing by 37% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The export price peaked 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 Romania ($X per ton), while the average price for exports to Spain ($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 Romania (+1.8%), while the prices for the other major destinations experienced a decline.

Ammonium Sulphate Imports

Imports into Italy

In 2022, approx. X tons of ammonium sulphate were imported into Italy; with an increase of 197% on the year before. In general, imports saw a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate imports soared to $X in 2022. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest ammonium sulphate supplier to Italy, with a 51% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was taken by South Korea (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +93.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+5.4% per year) and South Korea (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Italy, comprising 39% of total imports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total imports. It was followed by Spain, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +80.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+2.6% per year) and Spain (+0.1% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, waning by -10% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. The import price 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 origin: amid the top importers, the country with the highest price was Egypt ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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