Northern America: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Northern America

The North American ammonium sulphate market shrank remarkably to $X in 2022, falling by -37.5% against the previous year. Overall, consumption saw a abrupt shrinkage. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ammonium Sulphate Production in Northern America

In value terms, ammonium sulphate production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 22%. 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 in Northern America

In 2022, overseas shipments of ammonium sulphate increased by 84% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 107%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, ammonium sulphate exports surged to $X in 2022. Overall, 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

The United States represented the key exporting country with an export of about X tons, which resulted at 62% of total exports. It was distantly followed by Canada (X tons), creating a 38% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United States (with a CAGR of +69.1%).

In value terms, the largest ammonium sulphate supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, the United States, with a CAGR of +62.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, surging by 35% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate export price increased by +105.3% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+6.8%).

Ammonium Sulphate Imports

Imports in Northern America

In 2022, overseas purchases of ammonium sulphate increased by 4.6% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.9% against 2020 indices. The growth pace was the most rapid in 2015 when imports increased by 50%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ammonium sulphate imports surged to $X in 2022. In general, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 95% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Canada represented the main importing country with an import of around X tons, which resulted at 81% of total imports. It was distantly followed by the United States (X tons), creating a 19% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ammonium sulphate imports into Canada stood at +2.4%. At the same time, the United States (+27.1%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +27.1% from 2012-2022. While the share of the United States (+16 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-16 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported ammonium sulphate in Northern America, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Canada totaled +3.6%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, surging by 19% against the previous year. Over the period under review, the import price showed slight growth. The pace of growth was the most pronounced in 2021 an increase of 66% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.7%).

Source: IndexBox Platform

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