Middle East: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in the Middle East

In 2022, the Middle Eastern ammonium sulphate market increased by 19% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in the Middle East

In value terms, ammonium sulphate production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in the Middle East

In 2022, approx. X tons of ammonium sulphate were exported in the Middle East; increasing by 28% against 2021. Overall, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 93% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ammonium sulphate exports soared to $X in 2022. In general, exports, however, continue to indicate a abrupt slump. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons) was the largest exporter of ammonium sulphate, making up 69% of total exports. It was distantly followed by Saudi Arabia (X tons) and the United Arab Emirates (X tons), together creating a 26% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ammonium sulphate exports from Turkey stood at +17.0%. At the same time, Iran (+41.2%), Saudi Arabia (+17.8%) and the United Arab Emirates (+7.3%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +41.2% from 2012-2022. Turkey (+58 p.p.), Saudi Arabia (+16 p.p.), the United Arab Emirates (+4.6 p.p.) and Iran (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest ammonium sulphate supplier in the Middle East, comprising 69% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 16% share of total exports. It was followed by the United Arab Emirates, with an 8% share.

In Turkey, ammonium sulphate exports expanded at an average annual rate of +19.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+11.9% per year) and the United Arab Emirates (+6.0% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, picking up by 43% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Iran ($X per ton) and the United Arab Emirates ($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 Turkey (+2.2%), while the other leaders experienced a decline in the export price figures.

Ammonium Sulphate Imports

Imports in the Middle East

Ammonium sulphate imports rose rapidly to X tons in 2022, surging by 7.6% compared with the previous year. The total import volume increased at an average annual rate of +3.3% 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 when imports increased by 43% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ammonium sulphate imports surged to $X in 2022. In general, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2022. Lebanon (X tons) and Jordan (X tons) held a little share of total imports.

Imports into Turkey increased at an average annual rate of +3.8% from 2012 to 2022. At the same time, Jordan (+7.7%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +7.7% from 2012-2022. By contrast, Lebanon (-2.5%) illustrated a downward trend over the same period. While the share of Turkey (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Lebanon (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ammonium sulphate in the Middle East, comprising 95% of total imports. The second position in the ranking was taken by Lebanon ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to +10.7%. In the other countries, the average annual rates were as follows: Lebanon (-6.2% per year) and Jordan (+5.2% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, increasing by 106% against the previous year. Overall, the import price recorded a resilient increase. 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 ($X per ton), while Lebanon ($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 a decline in the import price figures.

Source: IndexBox Platform

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