MENA: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in MENA

The MENA's ammonium sulphate market rose sharply to $X in 2022, with an increase of 13% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Ammonium Sulphate Production in MENA

In value terms, ammonium sulphate production shrank to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 12%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Ammonium Sulphate Exports

Exports in MENA

In 2022, approx. X tons of ammonium sulphate were exported in MENA; picking up by 39% against the year before. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 47% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, ammonium sulphate exports skyrocketed to $X in 2022. In general, exports recorded a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Egypt was the main exporting country with an export of around X tons, which reached 64% of total exports. Turkey (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (6.5%). The United Arab Emirates (X tons) took a minor share of total exports.

Egypt was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of +74.6% from 2012 to 2022. At the same time, Saudi Arabia (+17.8%), Turkey (+17.0%) and the United Arab Emirates (+7.3%) displayed positive paces of growth. While the share of Egypt (+64 p.p.), Turkey (+14 p.p.) and Saudi Arabia (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Egypt ($X) remains the largest ammonium sulphate supplier in MENA, comprising 65% of total exports. The second position in the ranking was held by Turkey ($X), with a 23% share of total exports. It was followed by Saudi Arabia, with a 5.5% share.

In Egypt, ammonium sulphate exports expanded at an average annual rate of +80.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+19.6% per year) and Saudi Arabia (+11.9% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, picking up by 44% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable reduction. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the United Arab Emirates ($X per ton) and Egypt ($X per ton), while Saudi Arabia ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+3.4%), while the other leaders experienced mixed trends in the export price figures.

Ammonium Sulphate Imports

Imports in MENA

Ammonium sulphate imports totaled X tons in 2022, surging by 6.9% on the year before. The total import volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

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

Imports by Country

Turkey prevails in imports structure, reaching X tons, which was approx. 82% of total imports in 2022. It was distantly followed by Morocco (X tons), committing a 5% share of total imports. The following importers - Algeria (X tons), Lebanon (X tons) and Jordan (X tons) - together made up 7.3% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ammonium sulphate imports into Turkey stood at +3.8%. At the same time, Algeria (+15.2%) and Jordan (+7.7%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.2% from 2012-2022. Morocco experienced a relatively flat trend pattern. By contrast, Lebanon (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Algeria increased by +8.8 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ammonium sulphate in MENA, comprising 89% of total imports. The second position in the ranking was held by Morocco ($X), with a 4% share of total imports. It was followed by Algeria, with a 1.2% share.

In Turkey, ammonium sulphate imports expanded at an average annual rate of +10.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Morocco (+2.6% per year) and Algeria (+10.5% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, surging by 99.9% against the previous year. Over the period under review, the import price recorded strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform