Turkey: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Turkey

The Turkish ammonium sulphate market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Ammonium Sulphate Production in Turkey

In value terms, ammonium sulphate production soared to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the production volume increased by 27% against the previous year. Ammonium sulphate production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ammonium Sulphate Exports

Exports from Turkey

In 2022, the amount of ammonium sulphate exported from Turkey soared to X tons, with an increase of 82% on 2021 figures. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 231%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports surged to $X in 2022. In general, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco (X tons) was the main destination for ammonium sulphate exports from Turkey, accounting for a 31% share of total exports. Moreover, ammonium sulphate exports to Morocco exceeded the volume sent to the second major destination, Italy (X tons), twofold. Slovenia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Morocco totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.7% per year) and Slovenia (+58,191.8% per year).

In value terms, Morocco ($X) emerged as the key foreign market for ammonium sulphate exports from Turkey, comprising 32% of total exports. The second position in the ranking was taken by Italy ($X), with a 14% share of total exports. It was followed by Slovenia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Morocco stood at +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+9.2% per year) and Slovenia (+38,885.6% per year).

Export Prices by Country

The average ammonium sulphate export price stood at $X per ton in 2022, rising by 99% against the previous year. Over the period under review, the export price continues to indicate a perceptible increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Romania ($X per ton) and Morocco ($X per ton), while the average price for exports to Spain ($X per ton) and Lebanon ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+37.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports into Turkey

In 2022, ammonium sulphate imports into Turkey expanded remarkably to X tons, growing by 6.8% compared with the previous year. In general, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +37.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 49%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ammonium sulphate imports soared to $X in 2022. Over the period under review, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main ammonium sulphate supplier to Turkey, with a 92% share of total imports. Moreover, ammonium sulphate imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.7% per year) and Spain (-12.4% per year).

In value terms, China ($X) constituted the largest supplier of ammonium sulphate to Turkey, comprising 86% of total imports. The second position in the ranking was taken by Belgium ($X), with an 8.8% share of total imports. It was followed by Spain, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +48.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+3.2% per year) and Spain (+1.3% per year).

Import Prices by Country

The average ammonium sulphate import price stood at $X per ton in 2022, growing by 120% against the previous year. In general, the import price enjoyed a strong expansion. As a result, import price attained 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 Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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