MERCOSUR: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in MERCOSUR

For the fifth consecutive year, the MERCOSUR ammonium sulphate market recorded growth in sales value, which increased by 73% to $X in 2022. Overall, consumption saw a prominent increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in MERCOSUR

In value terms, ammonium sulphate production dropped to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 36%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in MERCOSUR

In 2022, overseas shipments of ammonium sulphate increased by 104% to X tons, rising for the second year in a row after two years of decline. Overall, exports recorded pronounced growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ammonium sulphate exports surged to $X in 2022. Over the period under review, exports saw a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the largest exporter of ammonium sulphate in MERCOSUR, with the volume of exports accounting for X tons, which was approx. 79% of total exports in 2022. It was distantly followed by Uruguay (X tons), mixing up a 15% share of total exports. Peru (X tons) followed a long way behind the leaders.

Exports from Brazil increased at an average annual rate of +23.9% from 2012 to 2022. At the same time, Uruguay (+35.1%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +35.1% from 2012-2022. By contrast, Peru (-14.2%) illustrated a downward trend over the same period. While the share of Brazil (+65 p.p.) and Uruguay (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (-22.4 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest ammonium sulphate supplier in MERCOSUR, comprising 75% of total exports. The second position in the ranking was held by Uruguay ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to +23.9%. In the other countries, the average annual rates were as follows: Uruguay (+39.0% per year) and Peru (-15.7% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, rising by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 26% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Ammonium Sulphate Imports

Imports in MERCOSUR

In 2022, ammonium sulphate imports in MERCOSUR surged to X tons, jumping by 33% against the previous year's figure. Overall, imports showed a buoyant increase. 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 enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, recording X tons, which was approx. 82% of total imports in 2022. The following importers - Peru (X tons), Uruguay (X tons), Colombia (X tons), Paraguay (X tons), Ecuador (X tons) and Argentina (X tons) - together made up 17% of total imports.

Imports into Brazil increased at an average annual rate of +11.9% from 2012 to 2022. At the same time, Paraguay (+27.2%), Argentina (+24.2%), Uruguay (+23.5%), Ecuador (+16.5%), Colombia (+13.0%) and Peru (+1.8%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +27.2% from 2012-2022. While the share of Uruguay (+2.2 p.p.) and Paraguay (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ammonium sulphate in MERCOSUR, comprising 88% of total imports. The second position in the ranking was held by Paraguay ($X), with a 3.2% share of total imports. It was followed by Peru, with a 2% share.

In Brazil, ammonium sulphate imports increased at an average annual rate of +14.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Paraguay (+26.7% per year) and Peru (-1.6% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, increasing by 52% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate import price increased by +91.9% against 2020 indices. 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 Paraguay ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform