Southern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Southern Asia

The South Asian ammonium sulphate market soared to $X in 2022, increasing by 35% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +70.9% against 2018 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ammonium Sulphate Production in Southern Asia

In value terms, ammonium sulphate production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 38%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ammonium Sulphate Exports

Exports in Southern Asia

In 2022, ammonium sulphate exports in Southern Asia rose remarkably to X tons, increasing by 14% against 2021. Over the period under review, exports saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 377%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, ammonium sulphate exports surged to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 241%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X tons) represented the major exporter of ammonium sulphate in Southern Asia, creating 100% of total export.

India was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of +11.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ammonium sulphate supplier in Southern Asia.

In India, ammonium sulphate exports increased at an average annual rate of +11.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, jumping by 32% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 35%. Over the period under review, the export prices reached the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +0.1% per year.

Ammonium Sulphate Imports

Imports in Southern Asia

In 2022, the amount of ammonium sulphate imported in Southern Asia soared to X tons, increasing by 120% compared with 2021 figures. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

Imports by Country

India represented the key importing country with an import of around X tons, which recorded 70% of total imports. Pakistan (X tons) took the second position in the ranking, followed by Sri Lanka (X tons). All these countries together held approx. 25% share of total imports. Bangladesh (X tons) held a minor share of total imports.

India was also the fastest-growing in terms of the ammonium sulphate imports, with a CAGR of +76.9% from 2012 to 2022. At the same time, Pakistan (+26.5%) and Bangladesh (+16.7%) displayed positive paces of growth. By contrast, Sri Lanka (-2.3%) illustrated a downward trend over the same period. While the share of India (+68 p.p.) and Pakistan (+5.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-1.8 p.p.) and Sri Lanka (-72.5 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported ammonium sulphate in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 13% share of total imports. It was followed by Pakistan, with a 10% share.

In India, ammonium sulphate imports increased at an average annual rate of +74.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+3.2% per year) and Pakistan (+22.3% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, surging by 34% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ammonium sulphate import price increased by +79.3% against 2020 indices. The growth pace was the most rapid in 2021 when the import price increased by 34% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Sri Lanka ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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