South-Eastern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in South-Eastern Asia

The Southeast Asian ammonium sulphate market declined slightly to $X in 2022, stabilizing at the previous year. The total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +78.5% against 2020 indices. As a result, consumption reached the peak level of $X, and then declined slightly in the following year.

Ammonium Sulphate Production in South-Eastern Asia

In value terms, ammonium sulphate production dropped to $X in 2022 estimated in export price. Overall, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 14%. 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 South-Eastern Asia

In 2022, the amount of ammonium sulphate exported in South-Eastern Asia contracted dramatically to X tons, shrinking by -20.3% against 2021 figures. Over the period under review, exports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when exports increased by 49% against the previous year. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, ammonium sulphate exports amounted to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 130% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Thailand represented the main exporting country with an export of about X tons, which finished at 60% of total exports. It was distantly followed by Singapore (X tons), Vietnam (X tons) and Indonesia (X tons), together achieving a 38% share of total exports. Malaysia (X tons) took a minor share of total exports.

Exports from Thailand increased at an average annual rate of +6.8% from 2012 to 2022. At the same time, Singapore (+18.5%), Vietnam (+5.9%) and Indonesia (+1.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +18.5% from 2012-2022. By contrast, Malaysia (-3.4%) illustrated a downward trend over the same period. While the share of Singapore (+15 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (-3.4 p.p.) and Indonesia (-4.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest ammonium sulphate supplier in South-Eastern Asia, comprising 67% of total exports. The second position in the ranking was held by Singapore ($X), with a 20% share of total exports. It was followed by Vietnam, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value in Thailand amounted to +9.4%. In the other countries, the average annual rates were as follows: Singapore (+20.5% per year) and Vietnam (+4.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, surging by 43% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by 54% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Ammonium Sulphate Imports

Imports in South-Eastern Asia

In 2022, the amount of ammonium sulphate imported in South-Eastern Asia dropped to X tons, with a decrease of -3.8% against the previous year. The total import volume increased at an average annual rate of +2.7% 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 2021 when imports increased by 48%. As a result, imports attained the peak of X tons, and then dropped in the following year.

In value terms, ammonium sulphate imports expanded modestly to $X in 2022. Over the period under review, imports, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of 152% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) was the key importer of ammonium sulphate in South-Eastern Asia, generating 91% of total import. It was distantly followed by Thailand (X tons), making up a 7.8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ammonium sulphate importing markets in South-Eastern Asia were Indonesia ($X), Vietnam ($X) and the Philippines ($X), together comprising 73% of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +6.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, growing by 5.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 70% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :