MENA: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in MENA

In 2023, the MENA's 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 mild expansion 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. The level of consumption peaked at $X in 2022, and then declined sharply in the following year.

Ammonium Sulphate Production in MENA

In value terms, ammonium sulphate production reached $X in 2023 estimated in export price. The total production indicated resilient growth 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, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Ammonium Sulphate Exports

Exports in MENA

Ammonium sulphate exports shrank rapidly to X tons in 2023, declining by X% against 2022 figures. Over the period under review, exports, however, showed slight growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, ammonium sulphate exports reduced notably to $X in 2023. Overall, exports showed a pronounced curtailment. The pace of growth was the most pronounced in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced markedly in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Egypt (X tons) and the United Arab Emirates (X tons), together comprising a X% share of total exports. Saudi Arabia (X tons) held a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2023. At the same time, Egypt (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Turkey, Egypt and the United Arab Emirates increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Egypt ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Egypt, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Ammonium Sulphate Imports

Imports in MENA

In 2023, supplies from abroad of ammonium sulphate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then plummeted in the following year.

In value terms, ammonium sulphate imports shrank markedly to $X in 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked at $X in 2022, and then contracted rapidly in the following year.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was near X% of total imports in 2023. Morocco (X tons), Algeria (X tons), Lebanon (X tons) and Israel (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate imports into Turkey stood at X%. At the same time, Algeria (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. Israel experienced a relatively flat trend pattern. By contrast, Morocco (X%) and Lebanon (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Lebanon (X p.p.) and Morocco (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ammonium sulphate in MENA, comprising X% of total imports. The second position in the ranking was taken by Morocco ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

In Turkey, ammonium sulphate imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Morocco (X% per year) and Lebanon (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price saw a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Lebanon ($X per ton) and Israel ($X per ton), while Morocco ($X per ton) and Algeria ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lebanon (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform