Eastern Europe: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Europe

In 2023, the East European ammonium sulphate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a notable expansion. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Ammonium Sulphate Production in Eastern Europe

In value terms, ammonium sulphate production fell modestly to $X in 2023 estimated in export price. The total production indicated a slight expansion 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 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then declined modestly in the following year.

Ammonium Sulphate Exports

Exports in Eastern Europe

In 2023, ammonium sulphate exports in Eastern Europe expanded remarkably to X tons, growing by X% compared with the previous year. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, ammonium sulphate exports plummeted to $X in 2023. In general, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Russia represented the major exporter of ammonium sulphate in Eastern Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Belarus (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (X%), Poland (X%) and Lithuania (X%). Latvia (X tons) and Romania (X tons) held a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Russia stood at X%. At the same time, Romania (X%), Latvia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%), the Czech Republic (X%) and Poland (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Lithuania, Latvia, Belarus and Romania increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then shrank rapidly in the following year.

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 Romania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in Eastern Europe

In 2023, overseas purchases of ammonium sulphate decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then reduced sharply in the following year.

In value terms, ammonium sulphate imports declined significantly to $X in 2023. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

Ukraine (X tons) and Lithuania (X tons) were the largest importers of ammonium sulphate in 2023, reaching near X% and X% of total imports, respectively. It was distantly followed by Latvia (X tons), Poland (X tons), Romania (X tons), Hungary (X tons) and Slovakia (X tons), together committing a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Ukraine, with a CAGR of X%, recorded 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

In 2023, the import price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, continues to indicate tangible growth. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Ukraine ($X per ton) and Lithuania ($X per ton), while Hungary ($X per ton) and Slovakia ($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