CIS: Ammonium Sulphate Market 2024

Ammonium Sulphate Market Size in CIS

The CIS ammonium sulphate market stood at $X in 2023, picking up by X% against the previous year. The total consumption indicated slight 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Ammonium Sulphate Production in CIS

In value terms, ammonium sulphate production skyrocketed to $X in 2023 estimated in export price. Overall, production posted modest growth. The pace of growth appeared the most rapid in 2021 with an increase of 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 CIS

In 2023, ammonium sulphate exports in the CIS skyrocketed to X tons, jumping by X% against 2022 figures. Over the period under review, exports, however, recorded a abrupt decrease. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, ammonium sulphate exports rose notably to $X in 2023. Overall, exports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia was the major exporter of ammonium sulphate in the CIS, with the volume of exports accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Belarus (X tons), creating an X% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to ammonium sulphate exports from Russia stood at X%. Belarus (X%) and Uzbekistan (X%) illustrated a downward trend over the same period. While the share of Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

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

In Russia, ammonium sulphate exports declined by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the export price, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then reduced in the following year.

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

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

Ammonium Sulphate Imports

Imports in CIS

In 2023, supplies from abroad of ammonium sulphate increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, imports showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ammonium sulphate imports stood at $X in 2023. In general, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Kazakhstan represented the major importing country with an import of around X tons, which amounted to X% of total imports. Moldova (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). Azerbaijan (X tons), Kyrgyzstan (X tons), Tajikistan (X tons) and Russia (X tons) held a relatively small share of total imports.

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

In value terms, the largest ammonium sulphate importing markets in the CIS were Kazakhstan ($X), Moldova ($X) and Belarus ($X), with a combined X% share of total imports.

In terms of the main importing countries, Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 the CIS stood at $X per ton in 2023, dropping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform