Russian Federation: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in the Russian Federation

The Russian ammonium sulphate market dropped slightly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ammonium Sulphate Production in the Russian Federation

In value terms, ammonium sulphate production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in overseas shipments of ammonium sulphate, when their volume decreased by -10.9% to X tons. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 16%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ammonium sulphate exports dropped sharply to $X in 2022. Over the period under review, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 75%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Romania (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of ammonium sulphate exports from Russia, with a combined 42% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +67.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Hungary ($X) and Lithuania ($X) appeared to be the largest markets for ammonium sulphate exported from Russia worldwide, with a combined 49% share of total exports. Moldova, Colombia, Poland, Turkey, Israel, Greece, Kazakhstan and Ukraine lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Poland, with a CAGR of +63.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, which is down by -11.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 51%. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into the Russian Federation

In 2022, overseas purchases of ammonium sulphate decreased by -67.5% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 596% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ammonium sulphate imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 243% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest ammonium sulphate supplier to Russia, with a 86% share of total imports. Moreover, ammonium sulphate imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+78.2% per year) and France (+50.4% per year).

In value terms, Germany ($X) constituted the largest supplier of ammonium sulphate to Russia, comprising 76% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by Spain, with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+47.3% per year) and Spain (+54.1% per year).

Import Prices by Country

In 2022, the average ammonium sulphate import price amounted to $X per ton, with an increase of 313% against the previous year. In general, the import price showed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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