Kuwait: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Kuwait

After two years of decline, the Kuwaiti ammonium sulphate market increased by 0.3% to $X in 2022. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Ammonium Sulphate Production in Kuwait

In value terms, ammonium sulphate production declined to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2019 when the production volume increased by 4% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Ammonium Sulphate Exports

Exports from Kuwait

In 2022, after two years of growth, there was significant decline in shipments abroad of ammonium sulphate, when their volume decreased by -15.8% to X tons. In general, exports continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 86% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports fell to $X in 2022. Overall, exports continue to indicate a sharp contraction. The pace of growth was the most pronounced in 2020 when exports increased by 64% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons), India (X tons) and Thailand (X tons) were the main destinations of ammonium sulphate exports from Kuwait.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of -29.8%), while the other leaders experienced a decline.

In value terms, Thailand ($X) remains the key foreign market for ammonium sulphate exports from Kuwait, comprising 62% of total exports. The second position in the ranking was taken by India ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Thailand stood at -29.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-44.4% per year) and South Korea (-36.4% per year).

Export Prices by Country

In 2022, the average ammonium sulphate export price amounted to $X per ton, increasing by 2% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 22% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to South Korea ($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 Taiwan (Chinese) (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Kuwait

In 2022, imports of ammonium sulphate into Kuwait skyrocketed to X tons, growing by 68% against 2021. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 82% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ammonium sulphate imports surged to $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 142% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of ammonium sulphate imports to Kuwait, together comprising 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +37.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of ammonium sulphate to Kuwait, comprising 42% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+20.7% per year) and China (-4.0% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, with a decrease of -4.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 33% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 China ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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