Europe: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Europe

In 2023, the Europe ammonium sulphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The total consumption indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. As a result, consumption reached the peak level of $X, and then dropped remarkably in the following year.

Ammonium Sulphate Production in Europe

In value terms, ammonium sulphate production dropped to $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2022, and then dropped in the following year.

Ammonium Sulphate Exports

Exports in Europe

In 2023, shipments abroad of ammonium sulphate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then shrank markedly in the following year.

In value terms, ammonium sulphate exports declined rapidly to $X in 2023. In general, exports saw a pronounced descent. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined rapidly in the following year.

Exports by Country

Belgium represented the key exporting country with an export of around X tons, which recorded X% of total exports. The Netherlands (X tons) held the second position in the ranking, followed by Russia (X tons), Germany (X tons) and Spain (X tons). All these countries together took approx. X% share of total exports. The following exporters - Finland (X tons) and Belarus (X tons) - each reached a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Belgium stood at X%. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, Germany (X%), the Netherlands (X%), Belarus (X%), Spain (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Belgium (X p.p.) and Finland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest ammonium sulphate supplier in Europe, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Russia, with a X% share.

In Belgium, ammonium sulphate exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: the Netherlands (X% per year) and Russia (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium sulphate export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Ammonium Sulphate Imports

Imports in Europe

In 2023, overseas purchases of ammonium sulphate decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, ammonium sulphate imports dropped rapidly to $X in 2023. Overall, imports, however, continue to indicate a temperate expansion. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2023, Belgium (X tons), France (X tons), Ukraine (X tons), Italy (X tons), Lithuania (X tons), Germany (X tons), the Netherlands (X tons), the UK (X tons), Spain (X tons), Latvia (X tons), Poland (X tons) and Romania (X tons) was the main importer of ammonium sulphate in Europe, achieving X% of total import. Greece (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Ukraine (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Ukraine ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated a mild increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ammonium sulphate import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2023 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Germany ($X per ton) and Ukraine ($X per ton), while the Netherlands ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform