Japan: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Japan

The Japanese ammonium sulphate market soared to $X in 2022, growing by 33% against the previous year. Overall, consumption, however, showed a abrupt downturn. Ammonium sulphate consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ammonium Sulphate Production in Japan

In value terms, ammonium sulphate production dropped modestly to $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 8.9% against the previous year. Ammonium sulphate production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Japan

In 2022, approx. X tons of ammonium sulphate were exported from Japan; with a decrease of -28.5% on 2021. In general, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 27%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ammonium sulphate exports expanded rapidly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 125%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Philippines (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of ammonium sulphate exports from Japan, with a combined 98% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of -0.5%), while the other leaders experienced a decline.

In value terms, the Philippines ($X), Vietnam ($X) and Malaysia ($X) appeared to be the largest markets for ammonium sulphate exported from Japan worldwide, together accounting for 98% of total exports.

The Philippines, with a CAGR of +0.9%, recorded 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

The average ammonium sulphate export price stood at $X per ton in 2022, surging by 53% against the previous year. Over the period under review, the export price showed a slight increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 78% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Malaysia ($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 the Philippines (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Japan

In 2022, ammonium sulphate imports into Japan surged to X tons, picking up by 156% compared with the year before. Overall, imports showed a relatively flat trend pattern. 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. Over the period under review, imports continue to indicate a relatively flat trend pattern. 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 supplier of ammonium sulphate to Japan, accounting for a 73% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.8% per year) and South Korea (-3.9% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Japan, comprising 69% of total imports. The second position in the ranking was held by Thailand ($X), with a 27% share of total imports. It was followed by South Korea, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.7% per year) and South Korea (-2.5% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, picking up by 51% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum 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 Thailand ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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