Report Update Nov 1, 2024

Nigeria - Ammonium Sulphate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Nigeria

In 2022, after two years of growth, there was significant decline in the Nigerien ammonium sulphate market, when its value decreased by 99.9% to less than $X. In general, consumption continues to indicate a significant expansion. Ammonium sulphate consumption peaked at $X in 2021, and then dropped markedly in the following year.

Ammonium Sulphate Production in Nigeria

In value terms, ammonium sulphate production declined to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2020 when the production volume increased by 264% against the previous year. Ammonium sulphate production peaked at $X in 2021, and then contracted in the following year.

Ammonium Sulphate Exports

Exports from Nigeria

In 2021, exports of ammonium sulphate from Nigeria soared to X tons, with an increase of 223% compared with the previous year. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 3,404% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, ammonium sulphate exports skyrocketed to $X in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,174%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Brazil (X tons) was the main destination for ammonium sulphate exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil totaled +222.9%.

In value terms, Brazil ($X) also remains the key foreign market for ammonium sulphate exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Brazil totaled +281.1%.

Export Prices by Country

In 2021, the average ammonium sulphate export price amounted to $X per ton, increasing by 18% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to +18.4% per year.

Ammonium Sulphate Imports

Imports into Nigeria

In 2022, after three years of growth, there was significant decline in overseas purchases of ammonium sulphate, when their volume decreased by -41.6% to X tons. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,911% against the previous year. Imports peaked at X tons in 2021, and then contracted rapidly in the following year.

In value terms, ammonium sulphate imports shrank markedly to $X in 2022. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2019 when imports increased by 2,295% against the previous year. Imports peaked at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest ammonium sulphate supplier to Nigeria, accounting for a 81% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +54.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+41.8% per year) and the United States (-25.2% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Nigeria, comprising 88% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +64.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+22.9% per year) and the United States (-28.4% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, increasing by 5.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the Netherlands ($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 (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ammonium sulphate in the world?

The countries with the highest volumes of ammonium sulphate consumption in 2021 were Brazil, the United States and Indonesia, together comprising 32% of global consumption. These countries were followed by Russia, China, Vietnam, Turkey, India, Mexico, Canada, Belgium, the Philippines and Taiwan Chinese), which together accounted for a further 33%.

What are the largest producers of ammonium sulphate in the world?

The country with the largest volume of ammonium sulphate production was China, comprising approx. 34% of total volume. Moreover, ammonium sulphate production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. Belgium ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of ammonium sulphate to Nigeria?

In value terms, China constituted the largest supplier of ammonium sulphate to Nigeria, comprising 67% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports.

What is the average export price for ammonium sulphate in Nigeria?

In 2020, the average ammonium sulphate export price amounted to $158 per ton, with an increase of 4.4% against the previous year.

What is the average import price for ammonium sulphate in Nigeria?

In 2021, the average ammonium sulphate import price amounted to $351 per ton, increasing by 7.3% against the previous year.

This report provides an in-depth analysis of the ammonium sulphate market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 4002 -

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023