Eastern Asia: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in Eastern Asia

The East Asian ammonium sulphate market rose notably to $X in 2023, picking up by X% against the previous year. In general, consumption, however, saw a deep setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Ammonium Sulphate Production in Eastern Asia

In value terms, ammonium sulphate production expanded notably to $X in 2023 estimated in export price. The total production indicated a pronounced 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ammonium Sulphate Exports

Exports in Eastern Asia

For the seventh year in a row, Eastern Asia recorded growth in shipments abroad of ammonium sulphate, which increased by X% to X tons in 2023. In general, exports saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, ammonium sulphate exports contracted sharply to $X in 2023. Overall, exports enjoyed a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2022, and then shrank significantly in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2023. South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the ammonium sulphate exports, with a CAGR of X% from 2012 to 2023. Taiwan (Chinese) (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese), Japan and South Korea saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest ammonium sulphate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank notably 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 South Korea ($X per ton), while Japan ($X per ton) was amongst the lowest.

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

Ammonium Sulphate Imports

Imports in Eastern Asia

In 2023, approx. X tons of ammonium sulphate were imported in Eastern Asia; shrinking by X% on the year before. In general, imports showed a abrupt setback. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, ammonium sulphate imports fell dramatically to $X in 2023. Overall, imports saw a abrupt decline. The pace of growth was the most pronounced in 2022 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Japan represented the key importer of ammonium sulphate in Eastern Asia, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. It was distantly followed by South Korea (X tons), Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons), together comprising a X% share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of ammonium sulphate. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. While the share of Japan (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Democratic People's Republic of Korea (X p.p.) displayed negative dynamics.

In value terms, the largest ammonium sulphate importing markets in Eastern Asia were Japan ($X), South Korea ($X) and Democratic People's Republic of Korea ($X), with a combined X% share of total imports. Taiwan (Chinese) lagged somewhat behind, comprising a further X%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Import price indicated a modest 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 was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then fell modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2023, major importing countries recorded the following prices: in South Korea ($X per ton) and Japan ($X per ton), while Taiwan (Chinese) ($X per ton) and Democratic People's Republic of Korea ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform